Oil hits new post-2009 low below $56 as supply glut prevails
Brent crude reversed early gains on Friday to fall to a fresh post-2009 low below $56 a barrel, as a glut of oil that has halved prices since June outweighed investors positioning at the start of the year for a possible eventual recovery.
Jan 02, 2015, 20:44 PM IST
Oil pares early gains, trades near $57 as supply glut prevails
Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.
Jan 02, 2015, 17:34 PM IST
Oil prices up in thin New Year trading
Oil prices rose on Friday in thin Asian trading during the first session of the New Year, as dealers welcomed a larger-than-expected drop in US crude stockpiles, analysts said.
Jan 02, 2015, 13:16 PM IST
Oil falls below $56, heads for biggest annual drop since 2008
Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC`s refusal to cut output.
Dec 31, 2014, 12:09 PM IST
Oil hits 5-1/2-year low below $57 on supply glut
Brent crude fell to a 5-1/2-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports.
Dec 30, 2014, 15:32 PM IST
Oil trades near five-year low
Oil prices traded near five-year lows in thin year-end trade on Tuesday, as analysts predicted further bearishness in the market owing to rising US production despite a global supply glut.
Dec 30, 2014, 09:59 AM IST
Global crude oil price of Indian basket rises to $57.91/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, rose to USD 57.91 per barrel on Wednesday, compared to USD 59.17 per barrel on the previous publishing day.
Dec 26, 2014, 13:14 PM IST
Oil drops below $61 on supply glut, strong dollar
Brent oil fell by more than $1 towards $60 per barrel on Wednesday, weighed down by strong supply in the United States and a rising dollar.
Dec 24, 2014, 18:36 PM IST
Brent drops toward $61 as dollar firms after strong US data
Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session`s gains, as the U.S. dollar held near its highest level in nearly nine years on strong data.
Dec 24, 2014, 10:19 AM IST
Oil edges higher ahead of fresh US economic data
Oil prices nudged higher in Asia today on hopes of improved US economy figures, but analysts said gains would be capped with dealers squaring positions for the end of the year.
Dec 23, 2014, 09:27 AM IST
Brent climbs toward $63 amid stronger Asia markets
While analysts said prices would likely remain over $60 barrel for the rest of the year, they also said that further large jumps were unlikely.
Dec 22, 2014, 13:48 PM IST
Brent oil spirals below $60 in volatile week
Brent oil prices plummeted this week to five-year lows underneath $60 per barrel as markets were rocked by shrinking Chinese manufacturing output, economic turmoil in Russia and ample crude supplies.
Dec 19, 2014, 23:58 PM IST
Oil rebounds in volatile year-end trade
US benchmark West Texas Intermediate for January delivery rose 63 cents to $54.74, while Brent crude for February gained 16 cents to $59.43 in mid-morning trade.
Dec 19, 2014, 08:46 AM IST
Oil rises 2% to $62 as energy firms slash investments
Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing US shale output overwhelms demand, with losses accelerating after producer group OPEC decided not to cut output at its meeting last month.
Dec 18, 2014, 20:18 PM IST
Oil holds below $60 as OPEC, Russia keep pumping
Brent crude held below $60 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
Dec 17, 2014, 18:29 PM IST
Brent falls, ends below $60, US crude up near $56
Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.
Dec 17, 2014, 08:54 AM IST
Brent oil sinks under $59, lowest level since 2009
Oil suffered another dizzying plunge on Tuesday, with Brent crude sliding to a five-year low under $59 as markets were rocked by shrinking Chinese manufacturing output and turmoil in Russia.
Dec 16, 2014, 13:48 PM IST
Oil slump drags Asian stocks lower, Tokyo leads losses
Asian markets fell Monday as a relentless plunge in oil prices exerted downward pressure, while investors in Japan shrugged off Prime Minister Shinzo Abe`s decisive re-election and focussed instead on the faltering economy.
Dec 15, 2014, 09:01 AM IST
Oil prices sink to 5 1/2-year low
Oil prices sank more than two percent to 5 1/2-year lows early on Monday on concerns about a supply glut and slower global growth, feeding fears for energy and commodities producers and exporters.
Dec 15, 2014, 08:52 AM IST
Oil hits 5-1/2 year low of $63 per barel on supply glut, demand woes
Brent crude continued its march downwards on Friday, dropping to a 5-1/2-year low of $63 a barrel for a weekly loss of more than 8 percent, amid persistent concerns over a global supply glut and a bearish demand outlook.
Dec 12, 2014, 13:50 PM IST
