Oil hits highest since mid-2015, then dips
It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
Jan 03, 2018, 00:04 AM IST
Oil tops $65, first time since 2015, on UK pipeline outage
Oil also gained support from expectations the latest reports on US inventories will show a further tightening of supplies.
Dec 12, 2017, 16:24 PM IST
Oil bounces back from losses prompted by US fuel stocks
Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Dec 07, 2017, 21:26 PM IST
Oil falls on uncertainty over OPEC deal, rise in US inventories
Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.
Nov 29, 2017, 16:34 PM IST
Oil steady near two-year highs, US supply increase caps rise
Middle East tensions have supported the market, despite concerns that output could rise further.
Nov 13, 2017, 23:27 PM IST
Oil prices stable as OPEC says market is rebalancing
Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.
Oct 10, 2017, 09:32 AM IST
US oil dips below $50 per barrel over doubts recent rally will last
Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.
Oct 04, 2017, 10:52 AM IST
Oil prices rise as market expects extended production cut
Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
May 24, 2017, 12:12 PM IST
Citgo auction proceeds even after Venezuelan minister says cancelled
At least three oil companies are still actively bidding for Citgo Petroleum Corp, the U.S. refining arm of Venezuela`s PDVSA, even after the country`s finance minister said that the auction was no longer going ahead, according to three people familiar with the situation.
Nov 05, 2014, 09:16 AM IST
