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Latest Articles in oil demand
Oil Prices Climb After Progress On Huge US Stimulus Bill
Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.
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Oil Drops On Dollar Strength And OPEC+ Supply Expectations
Brent crude futures for April, which expired on Friday, fell 75 cents in the session, or 1.1%, to settle at $66.13 a barrel. The more actively traded May contract slipped by $1.69 to $64.42.
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Oil Prices Hit 13-Month Highs On Tighter Supplies, Fed Assurance On Low Rates
Fuel supplies in the world's largest oil consumer could also tighten as its refinery crude inputs had dropped to the lowest since September 2008.
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Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze
Brent crude futures rose $1.67, or 2.6%, to settle at $67.04 a barrel. The global benchmark hit a session high of $67.30 a barrel, its loftiest since Jan. 8, 2020.
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Oil Prices Slip On Surprise Build In US Crude Stocks
Brent crude futures slipped by 6 cents, or 0.1%, to $65.31 a barrel at 0748 GMT, but narrowed losses earlier in the session that sent it to as low as $64.80.
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Oil Prices Jump More Than $1 As US Output Slow To Restart
Brent crude was up $1.08, or 1.7%, at $66.32 a barrel by 0437 GMT, after earlier hitting a high of $66.79. U.S. crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63.
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Rising Demand Lifts Refined Soya Oil Futures
Refined soya oil contracts for April delivery rose by Rs 6.3, or 0.56 per cent, to Rs 1,140.5 per 10 kg in 11,005 lots.
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Gold Off Seven-Month Low As Dollar Weakness Outweighs Firmer Yields
Spot gold rose 0.5% to $1,791.50 per ounce by 0733 GMT, having touched its lowest since July 2 at $1,759.29 on Friday. U.S. gold futures gained 0.6% to $1,787.70.
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Oil Gains As US Production Slowly Returns After Freeze
Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.
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Oil Extends Losses As Texas Prepares To Ramp Up Output After Freeze
Oil prices fell despite a surprise drop in U.S. crude stockpiles last week, before the big freeze hit. Inventories fell 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.
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Oil Drops As Investors Gauge Big Chill Impact On U.S. Refineries, OPEC+ Output Rise
Brent crude futures dropped 87 cents, or 1.4%, to $63.06 a barrel, by 0744 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 82 cents, or 1.4%, to $59.70 a barrel.
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Brent Gives Up Gains After Rising Above $65 On Texas Freeze
U.S. crude oil stocks fell by 5.8 million barrels in the week to Feb. 12 to about 468 million barrels, compared with analysts' expectations for a draw of 2.4 million barrels
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Oil Prices Extend Gains As Texas Cold Snap Cuts US Output
Roughly 1 million barrels per day (bpd) of crude production have been shut, according to Wood Mackenzie analysts, and it could be weeks before production is fully restored.
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Oil Extends Rally On Texas Supply Disruptions
Oil prices have run up strongly in recent months and output disruptions caused by the storm in Texas, the country's largest oil producing state, continued to keep prices supported
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Oil Retreats Further As Demand Fears Set In
Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 1051 GMT, having dropped 0.5% in the previous session. U.S. oil was down 39 cents, or 0.7% at $57.85 after falling 0.8% on Thursday.
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