Oil prices extend gains on Saudi minister's comments
Oil prices climbed further on Friday as investors were digesting the latest remarks from Saudi Energy Minister.
Aug 13, 2016, 09:38 AM IST
Price of brent crude crosses 46$ / barrel
Price of brent crude crosses 46$ / barrel. Watch this special segment and get to know more here.
Aug 12, 2016, 16:05 PM IST
Oil prices fall as Brexit lingers, refined products glut looms
Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.
Jun 27, 2016, 09:49 AM IST
Moody's ups oil price forecast to $40 per barrel for 2016
Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.
Jun 17, 2016, 19:04 PM IST
Oil slips as $50 level sparks new output fears
Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.
May 27, 2016, 22:52 PM IST
Oil falls as Fed rate hike speculation sends dollar surging
Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.
May 19, 2016, 12:49 PM IST
Oil rises, heads for third week of gains
Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing
Apr 22, 2016, 23:12 PM IST
Oil prices may drop to $25/barrel: Moody's
Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody's Investors Service said Tuesday.
Mar 08, 2016, 19:46 PM IST
Oil rallies to three-month high; analysts warn of glut
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year`s lows on an improving global outlook and stronger sentiment for a market recovery
Mar 07, 2016, 18:39 PM IST
Crude prices climb after U.S. oil output falls for 6th week
Crude futures rose in Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official U.S. data showed oil production fell to its lowest level since November 2014.
Mar 04, 2016, 12:37 PM IST
Oil prices rise as US output falls, eyes on cap talks
Oil prices resumed their rise in Asian trade on Thursday despite an increase in US inventories, with traders hoping talks among major producers could lead to an output cap.
Mar 03, 2016, 12:14 PM IST
World Bank cuts 2016 oil forecast, Indian basket at 14-year low
World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.
Jan 27, 2016, 17:04 PM IST
Oil selling resumes as Iraq supply worsens glut
US oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq`s output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.
Jan 26, 2016, 03:30 AM IST
Oil gains 8% but set for biggest Jan fall in 25 years
Oil extended its gains and soared about 8 percent on Friday, as a cold snap boosted demand for heating oil and investors took advantage of the lowest prices since 2003 to close out some of their more profitable bets on price declines.
Jan 22, 2016, 18:41 PM IST
Oil in unrelenting rout, dives to fresh 12-year low under $27 per barrel
Oil has fallen more than 25 percent so far this year, the steepest such slide since the financial crisis, piling more pain on oil drillers and producing nations alike.
Jan 21, 2016, 09:52 AM IST
Oil plunges below $30 per barrel, first time since Dec 2003
Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.
Jan 13, 2016, 00:01 AM IST
Oil tumbles nearly 5% to new lows; analysts warn of $20s
A brutal new year selloff in oil markets deepened on Monday, with prices plunging as much as 5 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s.
Jan 11, 2016, 23:33 PM IST
Oil options lurch closer to $20 per barrel Goldman doomsday forecast
When US investment bank Goldman Sachs said last year that oil could fall as low as $20 per barrel, it assigned a fairly low probability to that scenario.
Jan 11, 2016, 23:24 PM IST
Oil slides below $33 to near 12-year low as China turmoil rattles investors
Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.
Jan 07, 2016, 21:24 PM IST
Oil extends losses, nears $33 a barrel
Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.
Jan 07, 2016, 11:56 AM IST
