Brent crude inches above $48, but outlook remains weak
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply.
Jan 21, 2015, 10:31 AM IST
Oil steadies but stays under pressure on World Bank growth cut
Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.
Jan 14, 2015, 21:49 PM IST
Ruble down around 5% against dollar on back of falling oil price
The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low.
Jan 13, 2015, 20:49 PM IST
Global crude oil price of Indian basket falls to $47.36/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 47.36 per barrel on Friday, compared to USD 47.95 per barrel on the previous publishing day.
Jan 12, 2015, 16:21 PM IST
Oil slides again, hits lowest since April 2009
Benchmark Brent crude broke below $49 a barrel, drifting further below the $50 support level it had seen earlier in the week. US crude fell below $48.
Jan 10, 2015, 00:04 AM IST
Why Brent crude's slide has stopped for a few days at least
In the last two months of its slide, Brent had loitered at those levels for three to nine days before resuming its drop.
Jan 09, 2015, 12:38 PM IST
Oil heads for seventh weekly loss as supply glut drags
Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut.
Jan 09, 2015, 11:26 AM IST
Oil prices down almost 10% in two days
Traders said the trend for crude seemed lower but that prices could bounce up whenever there is a break in market sentiment.
Jan 07, 2015, 12:03 PM IST
Price fall to push oil industry into sharp recession: Report
The oil price plunge means energy companies will slash capital spending in North America. Europe and Asia in 2015, investment bank Evercore IS said Tuesday.
Jan 07, 2015, 00:16 AM IST
Oil hits 5-1/2-year lows on supply glut
Oil prices dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies and lacklustre demand dragged on oil markets.
Jan 05, 2015, 17:24 PM IST
Oil prices hits fresh 5-1/2-year lows; Brent below $56
US crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.
Jan 05, 2015, 09:43 AM 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
Asian shares slump as oil resumes drop
Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the rouble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency.
Dec 16, 2014, 08:40 AM IST
Oil up after 5-year low in Brent; traders wary of more downside
Sentiment in oil was aided somewhat by a weaker dollar that boosted the value of commodities denominated in the currency, traders said.
Dec 10, 2014, 08:55 AM IST
Oil prices tumble to fresh five-year lows
Crude struck fresh five-year lows in Asia Tuesday, with analysts forecasting further falls owing to weak demand, a global supply glut and fewer production halts.
Dec 09, 2014, 11:39 AM IST
Global crude oil price of Indian basket falls to $69.08 per 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 69.08 per barrel on Wednesday, compared to USD 70.08 per barrel on the previous publishing day.
Dec 04, 2014, 12:30 PM IST
Global crude oil price of Indian basket falls to $72.51/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 72.51 per barrel on Thursday, compared to USD 76 per barrel on the previous publishing day.
Nov 29, 2014, 08:23 AM IST
Global crude oil price of Indian basket rises to $76.32/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 76.32 per barrel on Tuesday, compared to 75.52 per barrel on the previous publishing day.
Nov 19, 2014, 15:11 PM IST
Brent stays near 4-year low above $77 on glut, OPEC worries
Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks.
Nov 14, 2014, 14:03 PM IST
Brent drops below $83, but US jobs data could buoy prices
Brent crude dropped for the second straight session on Friday, dragged below $83 by worries over the strong U.S. dollar.
Nov 07, 2014, 13:15 PM IST
