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West Texas Intermediate (WTI) News
West Texas Intermediate (WTI)
India to be hit by economic crisis if oil price crosses $60 per barrel: Swamy
Mon, Aug 29, 2016
India will be hit by an economic crisis if crude oil price crosses $60 per barrel, BJP MP Subramanian Swamy said on Monday. "Given the state of our economy, if crude oil price per barrel rises above $60 then we will be hit by an economic crisis," he tweeted on Monday.
Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze
Fri, Aug 26, 2016
Oil prices dipped in early trading on Friday after the Saudi Arabia energy minister tempered expectations of strong market intervention by producers during talks next month.
Oil prices fall on unexpected US crude stocks build; fears over China demand
Wed, Aug 24, 2016
Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry.
Oil prices fall over 1% as analysts say market still oversupplied
Tue, Aug 23, 2016
Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
Oil prices fall on doubts producers can agree output restraint
Wed, Aug 17, 2016
Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.
Oil prices edge up on potential producer action to prop up market
Mon, Aug 15, 2016
Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.
US crude oil settles below $40 per barrel for first time since April
Wed, Aug 03, 2016
Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.
WATCH: Top headlines this morning; From global markets updates to crude oil prices
Thu, Jun 30, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top headlines this morning: 1. Strong global indications, SGX Nifty positive
Crude oil surges for first time in seven days
Fri, Jun 17, 2016
Crude oil prices rose in early Asian trade on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain's possible exit from the European Union (EU).
International oil markets to balance out by end of 2016: IEA
Tue, Jun 14, 2016
A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.
Asian shares at five-week high after cautious Janet Yellen speech
Tue, Jun 07, 2016
Asian shares hit a five-week high on Tuesday after the US Federal Reserve Chair Janet Yellen said the interest rate hikes are likely on the way, held back any reference to the timing.
Oil prices will keep recovering, says Saudi Arabia's new energy minister
Thu, Jun 02, 2016
"Everybody is very satisfied with the market. The market is rebalancing as we speak," said Khaled al-Falih, newly appointed by the kingdom's powerful and dynamic new crown prince.
Oil hits 2016 peaks on fading supply glut fears
Sat, May 21, 2016
"Production outages in Canada and Nigeria continue to support prices," wrote Capital Economics analysts Caroline Bain and Julian Jessop in a research note.
Oil rises on outages; API reports big US crude build
Wed, May 11, 2016
The market pared gains briefly in post-settlement trade after the American Petroleum Institute (API), an industry group, said the US crude inventories rose by 3.45 million barrels to record highs of 543.1 million during the week ended May 6.
Oil prices end slightly lower on profit-taking after solid gains
Sat, Apr 30, 2016
The US oil surged about 20% in April, the largest monthly gain in a year, helped by a weaker US dollar and reduced US crude output.
Oil prices jump to $50 as US Fed decides to keep rates unchanged
Thu, Apr 28, 2016
The US Federal Reserve on Wednesday announced that it will maintain the target range for the federal funds rate at 0.25-0.5%, but gave a little clue on the timing of its next rate hike.