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Crude oil price News
Crude oil price
WTI Crude: Oil prices nosedive 3% on ease in US-Iran tension
Wed, Jul 17, 2019
Oil prices turned lower on Tuesday, falling more than 3% after US President Donald Trump said progress has been made with Iran, signalling tensions could ease in the Mideast.
WTI Crude: Oil prices climb 4.5% as US inventories shrink
Thu, Jul 11, 2019
Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after US crude inventories shrank.
Crude oil prices may witness rising trend in coming days
Thu, Jun 27, 2019
After witnessing a fall, crude oil prices are likely to see rising trend. Oil prices rose more than 2% on Wednesday to their highest in about a month, and Brent crude today stands at $66.30, while US West Texas Intermediate (WTI) crude futures were at $59.19. The momentum in crude is being assessed due to in-principle Sino-US agreement over trade dispute, but ongoing standoff between Iran and America is likely to affect crude oil prices, which may see rising trend in coming days. To discuss this scenario, Zee Business speaks to Energy experts.
WTI Crude: Oil prices rise on attacks on two tankers in Gulf of Oman
Fri, Jun 14, 2019
Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following healthy economic data.
WTI Crude: Oil price falls on weak demand outlook, rise in US inventories
Wed, Jun 12, 2019
Oil prices fell on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.
Oil prices rise amid falling US oil rig count
Sat, Jun 08, 2019
Oil prices went up on Friday, as US oil rig count fell sharply this week, easing concerns there would be a potential supply glut and Saudi Arabia called for oil production cut extension.
Oil hits nearly 5 months high, Brent crude price is close to $74
Mon, Apr 22, 2019
Brent crude futures surged more than 3% to $74.31 per barrel on Monday, sailing past last week’s 2019 high at $72.27 and hitting the highest level since Nov. 1, 2018
Oil prices drop as ECB warns on weaker economy, U.S. supply soars
Fri, Mar 08, 2019
Oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets.
Oil stable as economic outlook weighs, Venezuela concerns support
Wed, Jan 30, 2019
Oil prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from U.S. sanctions on Venezuelan exports.
No change in Petrol, diesel prices today, check latest rates
Wed, Jan 09, 2019
International crude oil surged amid hopes of Washington and Beijing can resolve a trade dispute, as it has pushed a global economic slowdown. The investors are hoping for an end to the trade war among two giant economies. Meanwhile, cuts in OPEC-led oil supplies has also affected oil's International prices.
Commodity Superfast: Know about action in commodities market, 8th January, 2019
Tue, Jan 08, 2019
This segment of Zee Business brings to you top big news stories related to commodity market. Watch this video to know more.
Fuel prices: Petrol, diesel remain unchanged; check latest rates
Tue, Jan 08, 2019
In the National capital Delhi, petrol is selling at Rs 68.50 and diesel is available at Rs 62.24, no change against yesterday's price. In the business capital, Mumbai, the petrol is available at Rs 74.16 while diesel price is set at Rs 65.12 per litre.
FPI outflow at Rs 83,000-cr in 2018 on crude price rise, rupee depreciation
Sun, Jan 06, 2019
Foreign portfolio investors (FPIs) made a net withdrawal of about Rs 83,146 crore from the Indian markets in 2018. This comprises Rs 33,553 crore from equities and Rs 49,593 crore from the debt market, according to data available with depositories.
Festive cheer for commuters! Petrol prices cheapest this year, Diesel rates down too
Thu, Dec 27, 2018
However, crude oil surged 8 per cent in the Wednesday's International market hours, jumping highest in the two years.
India's falling oil, gas production a concern - minister
Tue, Dec 11, 2018
The government also plans to invest $300 billion in the oil and gas sector in the coming decade, Pradhan added.
Global cues, rupee, oil to dictate market trend: Experts
Sun, Nov 25, 2018
"The major event for the Indian equity market would be the GDP data that is eyed at the end of this month along with expiry. The numbers would certainly give a medium-term directional view for broader indices and decide the breadth for coming months.
'Even $1 rise in crude can inflate import bill by Rs 6,160 cr'
Sat, Nov 24, 2018
"This will increase India's import bill as it meets over 80 per cent of its demand through imports, and a change of even USD 1 per barrel will impact the country's import bill by Rs 6,160 crore," it said.
Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts
Tue, Nov 20, 2018
Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs.
Oil heads for week of losses despite talk of supply cut
Fri, Nov 16, 2018
Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.
Shares of aviation, OMCs surge up to 7.7% on sliding crude
Wed, Nov 14, 2018
Shares of aviation and oil marketing companies surged up to 7.7 per cent Wednesday on falling crude oil prices.