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Crude oil price News
Crude oil price
Oil price climbs over 1% on hopes demand will rebound from coronavirus effect
Sat, Feb 15, 2020
Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived.
Oil price climbs for fourth successive day on prospects for deeper OPEC+ output cuts
Fri, Feb 14, 2020
Oil price rose for the fourth day as world`s biggest producers are likely to cut output due to slumping demand in china.
Oil price rises for third successive day as coronavirus impact may spur output cuts
Thu, Feb 13, 2020
Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand.
Oil prices fell for sixth straight session on Coronavirus fears, sluggish demand
Tue, Jan 28, 2020
Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand.
WTI Crude: Oil prices gain on Libya, Iraq supply worries
Tue, Jan 21, 2020
Brent crude was trading up 11 cents, or 0.2%, at $65.31 per barrel by 0101 GMT. U.S. West Texas Intermediate crude futures were up 20 cents, or 0.3%, at $58.74 a barrel.
WTI Crude: Oil price steadies as Chinese economy offsets trade optimism
Sat, Jan 18, 2020
Brent crude futures fell 3 cents to $64.59 a barrel by 1:15 p.m. EST (1815 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 15 cents to $58.37 a barrel.
Oil price dips on ease in Middle East tensions; market eyes US-China trade deal
Tue, Jan 14, 2020
Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month`s clashes.
Global Markets: Asian stocks tumble; Gold, crude oil prices soar after Iran strike on US forces
Wed, Jan 08, 2020
Global Markets: Asian shares and US treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces.
Stock Market News: Sensex, Nifty may open lower on the rise in oil price
Wed, Jan 08, 2020
Stock Market News: Indian equities may open lower on Wednesday, with Singapore Nifty futures dropping 1.7% to a four-week low as oil prices surged after Iran fired missiles at American forces based in Iraq.
Gold, oil soar, shares slip as US and Iran trade threats
Mon, Jan 06, 2020
Spot gold surged 1.5% to $1,579.55 per ounce in jittery trade and reached its highest since April 2013. Oil prices added to their gains on fears any conflict in the region could disrupt global supplies.
Oil prices rise on escalating US-Iran tension
Mon, Jan 06, 2020
Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday`s settlement.
Oil prices hit three-month highs as strong US consumer spending underpins growth hopes
Fri, Dec 27, 2019
Brent crude futures were up 13 cents, or 0.2%, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2%, at $61.81 a barrel.
Oil prices rise on breakthrough in US-China trade talks
Thu, Dec 26, 2019
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
Oil prices inch higher amid support for supply cuts, lower inventory forecast
Tue, Dec 24, 2019
Oil prices edged higher on Tuesday after Russia`s energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in US crude inventories.
WTI Crude: Oil price dips after US stock build, but demand hopes support
Wed, Dec 18, 2019
Oil price retreated on Wednesday after rising more than 1% in the previous session as US industry data showed a surprise build in crude stocks.
WTI Crude: Oil prices fall but hold near three-month high on trade deal agreement
Mon, Dec 16, 2019
WTI Crude: Oil prices fell but remained near three-month highs on Monday after the United States and China agreed to an initial trade deal, a move market participants said could stoke oil demand and boost trade flows.
Oil drops as market awaits news on trade talks, oversupply concerns weigh
Tue, Nov 12, 2019
U.S. oil prices fell for a second day on Tuesday, weighed down by uncertainty over whether U.S.-China trade talks are making much progress, while higher Saudi Arabian crude output reinforced concerns about oversupply.
WTI Crude: Oil prices edge lower ahead of inventory data
Tue, Oct 29, 2019
WTI Crude: Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed progress in Sino-US trade war.
Oil price falls 2 pct on doubt over US-China trade talks
Tue, Oct 15, 2019
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a US-China trade deal did little to assure a quick resolution.
WTI Crude: Oil prices drop as hopes for US-China trade progress wilt
Thu, Oct 10, 2019
WTI Crude: Oil prices slid on Thursday as hopes faded for any significant progress in US-China trade talks that could dispel clouds over the global economy.