Oil prices decline on US inventory surge
Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.
Nov 17, 2016, 02:52 AM IST
Oil prices recover amid Greece, supply worries
In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.
Jun 16, 2015, 13:47 PM IST
OPEC expected to keep status quo on oil output
However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.
Jun 05, 2015, 10:09 AM IST
IOC to import Iraqi oil for India's maiden strategic reserve
The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.
Jun 03, 2015, 17:12 PM IST
Crude oil futures fall 0.68% on global cues
Oil prices for June delivery moved down Rs 23, or 0.59 percent, to Rs 3,895 per barrel, with a business volume of 2,045 lots.
Jun 03, 2015, 11:06 AM IST
Crude oil futures down on weak Asian cues
The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.
Jun 01, 2015, 10:54 AM IST
Oil ends down despite U.S. crude draw; stockpiles still hefty
The CBOE crude oil volatility index, meanwhile, hit a six-month low, signaling that U.S. shale drillers were hedging oil output.
May 14, 2015, 10:26 AM IST
Oil drops towards $59 on dollar, stock builds
Brent crude oil fell towards USD 59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs.
Mar 09, 2015, 17:19 PM IST
Oil rebound extends in Asia
Oil prices extended a minor rally on bargain-buying on Friday, a day after the US benchmark fell below $80 for the first time in more than two years.
Oct 17, 2014, 08:31 AM IST
Oil rebounds in Asia but prices expected to remain soft
Brent crude for November advanced eight cents to $91.46 after tumbling to a two-year low the day before.
Oct 09, 2014, 09:51 AM IST
Oil prices slip on increased supply, strong dollar
Saudi Arabia cut prices for the fourth straight month last week to defend its market share, suggesting it is unlikely to cut production any time soon.
Oct 06, 2014, 11:55 AM IST
Oil prices dip
US benchmark West Texas Intermediate for delivery in October dipped eight cents to $94.34 a barrel.
Sep 18, 2014, 18:19 PM IST
Oil prices hold steady
The market also awaited the latest energy stockpiles report and an interest rate decision in the United States, traders said.
Sep 17, 2014, 18:22 PM IST
Oil prices hold steady
US benchmark West Texas Intermediate for October lost two cents to $92.90 a barrel.
Sep 16, 2014, 17:18 PM IST
Oil prices down after weak US jobs report
Oil prices dipped in Asia Monday as a disappointing US jobs report tempered sentiment about demand in the world`s top crude consumer, analysts said.
Sep 08, 2014, 08:59 AM IST
Oil prices down in Asian trade
Oil prices slipped in Asian trade on Thursday as dealers squared their positions after a rally spurred in part by hopes of a resolution to the Ukraine conflict.
Sep 04, 2014, 11:15 AM IST
Oil prices up on reviving Middle East supply fears
US benchmark West Texas Intermediate for September delivery rose 14 cents to USD 98.43, while Brent crude for September gained 19 cents to USD 105.60.
Aug 05, 2014, 08:54 AM IST
Oil prices up in Asian trade
The US Energy Information Administration said inventories fell four million barrels in the week ending July 18.
Jul 24, 2014, 11:22 AM IST
