Brent oil drops under $50 per barrel for first time since 2009
European benchmark Brent oil sank under USD 50 per barrel on Wednesday for the first time since 2009, hit by OPEC`s production stance, oversupply, weak demand and the strong dollar.
Jan 07, 2015, 15:37 PM IST
Brent crude falls below $50 per barrel, lowest since May 2009
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound.
Jan 07, 2015, 13:44 PM IST
US crude hits new 5-1/2-year low, falls below $49 per barrel
Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Jan 06, 2015, 16:39 PM IST
US crude oil slips below $50/barrel as glut fear deepens
The sell off in global oil markets showed little signs of slowing in the new year with US crude breaking below USD 50 a barrel, the first time since April 2009, on fears of a supply glut.
Jan 05, 2015, 22:40 PM IST
Oil hits new post-2009 low below $56 as supply glut prevails
Brent crude reversed early gains on Friday to fall to a fresh post-2009 low below $56 a barrel, as a glut of oil that has halved prices since June outweighed investors positioning at the start of the year for a possible eventual recovery.
Jan 02, 2015, 20:44 PM IST
Oil hits 5-1/2-year low below $57 on supply glut
Brent crude fell to a 5-1/2-year low of less than $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports.
Dec 30, 2014, 15:32 PM IST
Global crude oil price of Indian basket rises to $57.91/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 57.91 per barrel on Wednesday, compared to USD 59.17 per barrel on the previous publishing day.
Dec 26, 2014, 13:14 PM IST
Oil drops below $61 on supply glut, strong dollar
Brent oil fell by more than $1 towards $60 per barrel on Wednesday, weighed down by strong supply in the United States and a rising dollar.
Dec 24, 2014, 18:36 PM 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
Oil slump drags Asian stocks lower, Tokyo leads losses
Asian markets fell Monday as a relentless plunge in oil prices exerted downward pressure, while investors in Japan shrugged off Prime Minister Shinzo Abe`s decisive re-election and focussed instead on the faltering economy.
Dec 15, 2014, 09:01 AM IST
Oil prices sink to 5 1/2-year low
Oil prices sank more than two percent to 5 1/2-year lows early on Monday on concerns about a supply glut and slower global growth, feeding fears for energy and commodities producers and exporters.
Dec 15, 2014, 08:52 AM IST
Oil hits 5-1/2 year low of $63 per barel on supply glut, demand woes
Brent crude continued its march downwards on Friday, dropping to a 5-1/2-year low of $63 a barrel for a weekly loss of more than 8 percent, amid persistent concerns over a global supply glut and a bearish demand outlook.
Dec 12, 2014, 13:50 PM IST
Crude falls below $69 per barrel as price rout rolls on
Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure.
Dec 05, 2014, 22:04 PM IST
US crude down 10% post-OPEC, Brent breaks below $70
US crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC`s decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.
Nov 29, 2014, 05:30 AM IST
Oil price slumps as OPEC targets US shale
Crude oil prices hit multi-year lows this week after OPEC held output levels despite global oversupply, in a move perceived by some analysts as an attack on booming US shale energy.
Nov 29, 2014, 02:35 AM IST
Crude hits 4-1/2 year low after OPEC decides against output cut
U.S. crude futures tumbled nearly $6 on Friday to the lowest since May 2010 after OPEC decided against cutting output, leaving the market with excess supply that deepened oil`s months-long rout.
Nov 28, 2014, 06:45 AM IST
Oil prices slide amid questions on reported Saudi cuts
Crude oil prices fell Friday on global demand worries and questions about Saudi Arabia`s reported production cuts that pushed up prices on Thursday.
Oct 25, 2014, 01:51 AM IST
Oil prices up after upbeat Chinese data, Syria bombing
Oil prices rose in Asia Thursday in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against jihadists in crude producer Syria, analysts said.
Oct 23, 2014, 11:58 AM IST
Oil resumes slide, falling $2 after second big U.S. stock build
Oil prices resumed their deep downward march on Wednesday, with US crude again nearing $80 a barrel after data showing a second big jump in weekly US crude stockpiles broke a brief period of tentative consolidation.
Oct 23, 2014, 01:59 AM IST
Oil falls below $86 as oversupply, global economy worries weigh
Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week`s four-year low. US crude hovered below $83 a barrel.
Oct 21, 2014, 04:13 AM IST
