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Crude Oil Futures News
Crude Oil Futures
Oil price plunges to below $15, may slide further, expert says
Mon, Apr 20, 2020
Crude oil futures for 20 April contracts were trading at USD 14.83 (Rs 1134) per barrel on MCX today at 13:50, which was down by almost 21 per cent or over USD 3.92 (Rs 300) from the previous close of Rs 1436
Mexican oil regulators to cancel October auctions for Pemex joint ventures
Fri, Jun 14, 2019
Mexico`s oil regulator plans to announce the cancellation of auctions scheduled for October to pick joint venture partners for state-run energy company Pemex in seven onshore areas.
Oil falls as flaring US-China trade dispute blunts risk appetite
Tue, Jun 19, 2018
The United States and China are threatening punitive tariffs on each other`s exports, which could include oil supplies, which sent Chinese stocks to their lowest in almost a year and kept European indices and other industrial commodities such as copper and nickel under pressure.
Oil gains on pipeline outage tempered by robust U.S. output
Mon, Dec 18, 2017
Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers` strike in the Nigerian energy industry. Still, growth in U.S. crude output cast a shadow over the market and continued to cap gains.
European markets jarred by German coalition collapse
Mon, Nov 20, 2017
Chancellor Angela Merkel said on Monday her efforts to form a three-way coalition government had failed, thrusting Germany into a political crisis and pushing Europe`s largest economy closer to a possible new election.
Asia stocks see subdued start to 2017, dollar resumes climb
Tue, Jan 03, 2017
Asian stocks began 2017 on a flat note on Tuesday, uninspired by a surge in European markets to their highest in more than a year, while the dollar resumed its climb after last week`s stumble.
Oil prices fall after Fed hike, but tighter market looms
Thu, Dec 15, 2016
Oil prices dropped on Thursday as a hike in U.S. interest rates drove money away from commodities and into U.S. bonds and the dollar, but a tighter fuel market looms in 2017 due to planned production cuts led by OPEC and Russia.
Oil jumps to highest since mid-2015, Fed hike on horizon
Tue, Dec 13, 2016
Oil prices surged to an 18-month high on Monday after the world`s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.
Oil prices fall on profit taking, China data in focus
Tue, Sep 13, 2016
Oil prices fell in early trade on Tuesday on concerns over increased drilling in the United States and as investors took profits after oil prices rose close to 1 percent in the previous session.
Oil prices fall as U.S. drillers add new rigs, speculators cut long positions
Mon, Sep 12, 2016
Crude prices fell over 1.5 % on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises.
Brent oil pushes above $50 for first time in nearly seven months
Thu, May 26, 2016
U.S. crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20, the steepest weekly drop in seven weeks, the U.S. Department of Energy`s Energy Information Administration said on Wednesday.
Crude oil futures rise on weaker dollar, new cash inflows
Tue, Apr 26, 2016
Analysts have forecast more oil supply as Saudi Arabia and Iran seemingly ramps up output in a race for customers, further flooding the market with excess supplies.