Five key reasons behind falling oil prices
Here are the 5 key reasons of oil price decline.
Aug 20, 2015, 10:59 AM IST
Oil price hits 6.5-year low, approaches key $40 level
Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.
Aug 20, 2015, 10:03 AM IST
Oil prices fall ahead of US stocks data
US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade.
Aug 19, 2015, 09:22 AM IST
Oil prices fall again as US and Asian demand looks to weaken
Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.
Aug 18, 2015, 08:40 AM IST
Oil prices slide further in Asia
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
Aug 17, 2015, 09:07 AM IST
Oil prices fall further on oversupply fears
US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.
Aug 10, 2015, 10:45 AM IST
Oil falls below $45 per barrel, inches closer to 6-year low
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
Aug 07, 2015, 01:41 AM IST
Oil trades close to multi-month lows, Brent below $50
"We`re talking about September crude runs now and that`s pretty much past summer," said Tony Nunan, a risk manager at Mitsubishi Corp.
Aug 06, 2015, 13:04 PM IST
Oil hits multi-month lows on US gasoline build worries
Oil prices hit multi-month lows on Wednesday after a surge in gasoline stockpiles in the United States as the summer season, the country`s biggest demand period for motor fuels, neared its end.
Aug 06, 2015, 01:16 AM IST
Oil prices rebound ahead of US energy, employment data
Oil prices rose modestly Tuesday, snapping a three-day skid as traders awaited key data on US petroleum supplies and employment levels.
Aug 05, 2015, 01:33 AM IST
Oil dives 5% to six-month low under $50 on China worry
Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout.
Aug 04, 2015, 04:47 AM IST
Oil suffers second day of steep sell-offs
Oil prices dived Monday, with Brent crude tumbling about five percent, after new data showed weakening US and Chinese manufacturing and amid worries about the global supply glut.
Aug 04, 2015, 02:01 AM IST
Oil prices languish as supply concerns linger
US benchmark West Texas Intermediate for September fell 36 cents to $46.76 while Brent crude for September eased 42 cents to $51.79 in morning trade.
Aug 03, 2015, 08:27 AM IST
Oil prices down in Asia
US benchmark West Texas Intermediate for September delivery fell 36 cents to $48.16 and Brent crude for September shed 29 cents to $53.02 a barrel in late-morning trade.
Jul 31, 2015, 09:20 AM IST
Oil prices extend rise in Asia
US benchmark West Texas Intermediate (WTI) for September delivery was up 13 cents at USD 48.92 and Brent crude gained 32 cents to USD 53.70 a barrel in late-morning trade.
Jul 30, 2015, 10:33 AM IST
Oil prices fall close to four-month lows on China, glut worries
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
Jul 28, 2015, 08:43 AM IST
Oil hits four-month low on China stocks tumble, supply worries
Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.
Jul 28, 2015, 00:11 AM IST
Oil down in Asia, hurt by Chinese factory slump
A strong dollar and signs of increasing US oil production added pressure on oil prices, which have already been depressed by a global crude oversupply, analysts said.
Jul 27, 2015, 09:17 AM IST
Oil falls to lowest close since March, down a fourth week
Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.
Jul 25, 2015, 09:19 AM IST
Oil prices resume decline on supply glut worries
Ahead of an official report, the industry-funded American Petroleum Institute (API) said stockpiles had increased by 2.3 million barrels last week.
Jul 22, 2015, 09:58 AM IST
