Oil prices mixed in Asian trade
US benchmark West Texas Intermediate for delivery in March was up two cents by late morning to USD 44.55 in volatile trading, while Brent for March eased 16 cents to USD 48.97.
Jan 30, 2015, 10:34 AM IST
Oil slumps to near six-year low under $44 per barrel
New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
Jan 29, 2015, 23:54 PM IST
Oil prices rise, gains capped on supply glut concerns
US benchmark West Texas Intermediate (WTI) for March delivery rose seven cents to $44.52 while Brent crude for March gained 18 cents to $48.65 in mid-morning trade.
Jan 29, 2015, 08:35 AM IST
Oil prices down ahead of Fed meet outcome, supply report
The Fed is expected to release a post-meeting statement later today following the first gathering this year of its policy-making Federal Open Market Committee.
Jan 28, 2015, 10:21 AM IST
Brent closes up, US crude down after Saudi king dies
Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply.
Jan 24, 2015, 09:53 AM IST
Oil jumps as Saudi king's death feeds market uncertainty
Oil prices jumped on Friday as news of the death of Saudi Arabia`s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.
Jan 23, 2015, 14:42 PM IST
Oil price slump could cripple clean energy push: Experts
Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned Saturday at a conference in Abu Dhabi.
Jan 17, 2015, 19:54 PM IST
Oil price collapse still unable to boost demand: IEA
Crude prices have crashed to near six-year lows, plunging some 60 percent from June over a supply glut and weak demand.
Jan 16, 2015, 16:30 PM IST
Brent holds above $48, few analysts see quick recovery
Brent futures edged higher on Friday, holding above $48 a barrel on positive technical price momentum, although few analysts expect a strong rebound anytime soon as global output continues to outweigh demand.
Jan 16, 2015, 10:47 AM IST
Oil prices edge up in Asian trade
US benchmark West Texas Intermediate for February, which dived $2.23 Thursday, was up 31 cents at $46.56.
Jan 16, 2015, 09:52 AM IST
Oil prices rally loses steam in Asian trade
US benchmark West Texas Intermediate (WTI) for delivery in February fell 37 cents to USD 48.11 in late-morning trade and Brent crude for February fell 56 cents to USD 48.13.
Jan 15, 2015, 10:25 AM IST
Oil slips after rebound, dollar recovers against yen
Oil prices resumed their downward spiral in Asia on Thursday after rallying in the previous session on bargain-buying, while the dollar recovered after plunging in New York in reaction to disappointing US retail sales data.
Jan 15, 2015, 09:04 AM IST
Oil dives close to six-year lows; European stocks rise
Crude sank again Monday after Wall Street investment titan Goldman Sachs slashed its price outlook for the commodity, adding to anxiety about a global oversupply, weak demand and soft growth in the key Chinese and European markets.
Jan 13, 2015, 09:21 AM IST
Oil slumps to nearly 6-year low as Goldman Sachs slashes price outlook
Brent crude for February delivery collapsed to USD 47.18 -- the lowest since late April 2009 -- before recovering slightly to USD 47.57.
Jan 12, 2015, 23:35 PM IST
Goldman Sachs slashes oil price forecasts
US bank Goldman Sachs slashed it oil forecasts on Monday, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.
Jan 12, 2015, 20:30 PM IST
Oil price to fall until major Asian manufacturers feel the benefit
Oil prices will continue to drop as high production meets weak demand and a strong US dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit of cheaper energy.
Jan 08, 2015, 23:27 PM IST
Global crude oil price of Indian basket drops to $46.97/barrel
The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 46.97 per barrel on Wednesday, compared to USD 49.22 per barrel on the previous publishing day.
Jan 08, 2015, 16:49 PM IST
Brent oil drops under $50 per barrel for first time since 2009
European benchmark Brent oil sank under USD 50 per barrel on Wednesday for the first time since 2009, hit by OPEC`s production stance, oversupply, weak demand and the strong dollar.
Jan 07, 2015, 15:37 PM IST
Brent crude falls below $50 per barrel, lowest since May 2009
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound.
Jan 07, 2015, 13:44 PM IST
US crude hits new 5-1/2-year low, falls below $49 per barrel
Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Jan 06, 2015, 16:39 PM IST
