Oil prices

US crude down 4% to hit 6-1/2-year low on surprise stock build

US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.

Aug 20, 2015, 08:59 AM IST

Asian shares struggle as China stocks extend fall

The Shanghai Composite Index retreated 3.9 percent, a day after worries that the central bank could be in no hurry to ease policy further pushed it down 6.1 percent.

Aug 19, 2015, 09:05 AM IST

US oil prices near six-year lows as China weighs

US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.

Aug 18, 2015, 17:04 PM IST

Asian shares steady for now after mixed US data

The dollar-denominated MSCI broadest index of Asia-Pacific shares outside Japan was flat near its two-year low marked on Monday.

Aug 18, 2015, 08:33 AM IST

Rate cuts, lower oil prices to boost consumption: BofA

Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.

Aug 17, 2015, 23:03 PM IST

Crude oil rates likely to remain in current range: IOC chief

"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.

Aug 10, 2015, 19:24 PM 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

Asian stocks mixed on patchy US economic data

Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.

Aug 06, 2015, 12:50 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

Apple and interest rate jitters weigh on Wall Street

Wall Street extended losses on Tuesday as investors worried about a rise in interest rates while Apple`s shares hit their lowest in over six months.

Aug 05, 2015, 00:34 AM IST

Asian shares edge down, oil stabilises after rout

Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve`s interest rate increase.

Aug 04, 2015, 06:58 AM IST

Weak oil prices, China worries drag Wall Street lower

Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world`s second-biggest economy.

Aug 04, 2015, 04:16 AM IST

Oil prices extend decline

Oil prices extended their decline on Friday with no sign of an end to a global supply glut.

Jul 31, 2015, 20:33 PM IST

Shell to cut jobs to cope with long period of cheap oil

Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.

Jul 30, 2015, 20:27 PM IST

Asian shares, dollar up on US Fed's economic optimism

Japan`s Nikkei rose 0.8 percent while Australian shares tacked on 0.3 percent and South Korean shares gained 0.2 percent.

Jul 30, 2015, 08:45 AM IST

Oil prices fall on oversupply concerns, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.

Jul 29, 2015, 11:13 AM IST

Asian stocks hit 3-week lows as China gloom spreads

MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.8 percent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2- 5 percent lower.

Jul 28, 2015, 08:23 AM IST