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Crude Oil prices News
Crude Oil prices
U.S. senators press Saudi officials to put oil cut in motion
Mon, Apr 13, 2020
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output
Oil prices pare earlier gains as OPEC+ works on output cut deal
Fri, Apr 10, 2020
NEOil prices were up almost 2% on Thursday, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus
Covid-depressed oil market to save India billions in import bill
Wed, Mar 04, 2020
India`s oil imports bill is expected to fall by a sharper 10 per cent in FY20 as the increasing spread of coronavirus has depressed the crude oil prices to below $50 a barrel.
Oil prices hover near three-month highs on trade deal progress; set for 3rd weekly rise
Fri, Dec 20, 2019
Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-US trade tensions.
Oil prices rise 2% after reports of Iranian tanker attack
Sat, Oct 12, 2019
Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment. Brent crude futures gained $1.41, or 2.4%, to settle at $60.51 a barrel.
Crude oil prices slip, but supported by hopes US-China trade tensions could ease
Tue, Aug 20, 2019
A rally in equity markets around the world from growing expectations that global economies would take action to counteract slowing growth also supported oil prices, which often follow stocks.
Commodity trade: Gold, silver down; crude oil rises
Thu, Aug 08, 2019
Gold and Silver prices today shed over one percent, while crude oil rose close to one percent on the MCX. Here are the experts' analyses.
Oil prices gain on US inventory drop, Middle East tensions
Wed, Jul 24, 2019
Signs of rising tensions in the Middle East offset a weaker global growth outlook from the International Monetary Fund, which had kept prices largely flat for much of Tuesday`s session.
WTI Crude: Oil prices rise over 1% after US Navy destroys Iranian drone
Fri, Jul 19, 2019
WTI Crude: Oil prices rose more than 1 per cent on Friday after the US Navy destroyed an Iranian drone in the Strait of Hormuz.
WTI Crude: Oil slips for a second straight day as US Gulf of Mexico output returns
Tue, Jul 16, 2019
WTI Crude: Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the US Gulf after Hurricane Barry swept through over the weekend.
Oil prices flat as tropical storm limits output, glut forecasts weigh
Sat, Jul 13, 2019
The world energy watchdog`s report came a day after the Organization of the Petroleum Exporting Countries predicted a crude glut next year despite an OPEC-led pact to restrain supplies.
WTI Crude: Oil prices rise amid Gulf of Mexico storm, Middle East tensions
Fri, Jul 12, 2019
WTI Crude: Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
WTI Crude: Oil prices rise over 1 pct on US stockpile drop
Wed, Jul 10, 2019
Oil prices gained more than 1% in early trade on Wednesday, led by US crude after an industry group reported that US stockpiles fell for a fourth week in a row.
Where is Crude Oil headed? Know what experts reveal and which stock to buy
Wed, Apr 24, 2019
The domestic market is bound to see a hike in the prices of bio fuel and edible oil.
Oil prices rise amid OPEC supply cuts, US sanctions on Iran and Venezuela
Wed, Mar 13, 2019
Markets have been further tightened by the implementation of U.S. sanctions against oil exports from OPEC-members Iran and Venezuela.
Oil prices dip as U.S. crude stocks swell amid record production
Thu, Mar 07, 2019
Oil prices eased on Thursday, dragged down by record U.S. crude output and rising commercial fuel inventories.
Oil jumps after US crude stocks drop, OPEC stays firm on production cuts
Wed, Feb 27, 2019
Saudi Energy Minister Khalid al-Falih said the Organization of the Petroleum Exporting Countries and its partners were already "taking it easy" in response to a tweet from Trump on Monday, who told the group to "relax" on production cuts.
Rising oil prices may double import bill in FY19
Tue, Feb 19, 2019
This will make the oil import bill for FY19 the highest in the five years of the Modi government and very close to the high import bill during UPA II when the crude oil prices had breached all records to touch close to $140 a barrel mark.
Commodity traders alert! Experts predict rise in crude oil at MCX, NYMEX
Wed, Jan 09, 2019
Commenting upon the reason for the crude rally at the MCX, Sugandha Sachdeva, Vice President at Religare Commodities told Zee Business online, "In NYMEX, crude oil is hovering around $51-52 per barrel and an upside swing of near 7 percent is expected in next two weeks. Hence, at MCX we are expecting the crude oil future to reach Rs 3,600 per barrel in this time span or say by end of January."
Oil prices rebound, helped by weak dollar, Saudi supply cuts
Thu, Jan 03, 2019
Oil prices rebounded on Thursday after an early slide, helped by dollar weakness and signs of output cuts by the world`s top crude exporter Saudi Arabia that eased concerns about a glut.