Oil jumps 8 percent, biggest three-day surge since 1990
Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.
Sep 01, 2015, 05:09 AM IST
Oil prices extend gains after biggest daily climb in 6 years
Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.
Aug 28, 2015, 14:11 PM IST
Oil markets catch breath after biggest gains in six years
Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.
Aug 28, 2015, 08:27 AM IST
Oil price near 6.5-year low as China economy fears linger
Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.
Aug 26, 2015, 08:56 AM IST
Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years
US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.
Aug 21, 2015, 21:59 PM IST
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 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 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 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 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 fall as Iran, global powers reach nuclear deal
Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.
Jul 14, 2015, 12:03 PM IST
Oil prices drop on rising US rig count, China stock market probe
Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.
Jul 03, 2015, 12:14 PM IST
Oil slides after big US gasoline build offsets crude draw
Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.
Jun 25, 2015, 02:32 AM IST
Oil down 2% on Greek worries, weaker products markets
Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.
Jun 20, 2015, 09:19 AM IST
Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
May 30, 2015, 10:13 AM IST
