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brent crude
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Oil drops as Covid-19 lockdowns widen and US election looms
By Reuters | Posted by Shivani Kumar
UPDATED ON NOV 02, 2020 07:46 PM IST
Brent crude was down 80 cents, or 2.1%, at $37.14 a barrel by 1140 GMT. US West Texas Intermediate fell 93 cents, or 2.6%, to $34.86. Both contracts fell more than $2 earlier in the session.
Oil falls more than 1% as surging Covid-19 cases stoke demand fears
By Reuters | Posted by Kanishka Sarkar | Reuters
PUBLISHED ON OCT 26, 2020 07:48 AM IST
On the supply side, Libya’s National Oil Corp on Friday ended its force majeure on exports from two key ports and said production would reach 1 million barrels per day (bpd) in four weeks, a quicker ramp-up than many analysts had predicted.
Oil jumps as hurricane hits US output while crude stocks decline
By Reuters | Posted by Kanishka Sarkar | London
UPDATED ON SEP 16, 2020 02:46 PM IST
Oil prices collapsed to historic lows as the coronavirus crisis hit demand. A record supply cut by OPEC and its allies, known as OPEC+, and an easing of lockdowns has helped Brent recover from a 21-year low below $16 in April.
Oil steady after closing below $40 for first time since June
By Bloomberg | Posted by Prashasti Singh
PUBLISHED ON SEP 09, 2020 06:25 AM IST
Futures in London were little changed after dropping 5.3% on Tuesday to settle below $40 a barrel for the first time since June 15.
Oil holds near five-month high on US output cuts and inventories
By Reuters | Posted y Kanishka Sarkar | London
UPDATED ON AUG 26, 2020 02:56 PM IST
Oil was also boosted on Tuesday by US and Chinese officials reaffirming their commitment to a Phase 1 trade deal.
Oil prices rise as storms cut US production
By Reuters | Posted by Arpan Rai | New York
PUBLISHED ON AUG 25, 2020 12:03 AM IST
Brent crude was up 68 cents, or 1.5%, at $45.03 a barrel by 1:43 p.m. EDT (1743 GMT). US West Texas Intermediate crude rose 26 cents, or 0.6%, to $42.60.
Oil gains on storm-hit US output and Covid-19 treatment hopes
By Reuters| Posted by: Harshit Sabarwal | London
UPDATED ON AUG 24, 2020 06:29 PM IST
Brent crude was up 33 cents, or 0.7%, at $44.68 a barrel by 1033 GMT. US West Texas Intermediate crude rose 32 cents, or 0.8%, to $42.66.
Oil prices stable as US-China tensions offset weak dollar
By Reuters | Posted by Kanishka Sarkar | London
UPDATED ON JUL 24, 2020 02:00 PM IST
A weaker dollar usually spurs buying of commodities priced in dollars such as oil because they become cheaper for holders of other currencies.
Oil edges down for second session as Covid-19 curbs fuel demand
By Reuters| Posted by: Harshit Sabarwal | Singapore
PUBLISHED ON JUL 23, 2020 07:27 AM IST
Brent crude fell 4 cents, or 0.1%, to $44.25 a barrel by 0026 GMT while US West Texas Intermediate (WTI) crude slid 6 cents, or 0.1%, to $41.84 a barrel.
After eight days, diesel price hiked again; petrol remains unchanged
By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUL 07, 2020 05:01 PM IST
Pump prices of auto fuels that witnessed a rising streak since June 7 saw 12.86% and 16.41% jump in the rate of petrol and diesel, respectively.
Oil prices mixed as coronavirus spike casts shadow over US demand
By Reuters | Singapore
UPDATED ON JUL 06, 2020 08:45 AM IST
Brent crude rose 11 cents, or 0.3%, to $42.91 a barrel by 0109 GMT after a 4.3% gain last week, while US West Texas Intermediate crude was at $40.35, down 30 cents, or 0.7%, from its previous settlement on Thursday.
Oil falls as growing coronavirus cases stoke fuel demand worries
By Reuters | Posted by Shivani Kumar | Seoul, South Korea
UPDATED ON JUL 03, 2020 08:26 AM IST
Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel as of 0042 GMT, and US West Texas Intermediate (WTI) crude futures fell 34 cents, or 0.8%, to $40.31 a barrel.
Oil prices steady amid signs of demand coming back after coronavirus
By Reuters | Posted by Prashasti Singh
PUBLISHED ON JUN 23, 2020 08:14 AM IST
Brent crude was up 6 cents at $43.14 a barrel at 0046 GMT, after gaining 2.1% on Monday. US oil was up 8 cents at $40.81 a barrel, having risen 1.8% in the previous session.
Oil companies raise fuel prices
By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUN 09, 2020 12:58 AM IST
Retail prices of petrol and diesel were first raised by 60 paise a litre each on Sunday followed by similar hikes on Monday. Petrol is now sold in Delhi at Rs 72.46 per litre and diesel at Rs 70.59 a litre, according to the Indian Oil Corporation (IOC).
Oil hits three-month high over hopes for output cuts
By Reuters | Posted by: Shivani Kumar | Tokyo, Japan
UPDATED ON JUN 03, 2020 08:01 AM IST
Brent crude was up 22 cents, or 0.6 per cent, at $39.79, by 0003 GMT, the highest since March 6, having gained 3.3 per cent on Tuesday.
As Covid-19 spreads across world, oil prices slump to 17-year low
By Rajeev Jayaswal | Hindustan Times, New Delhi, New Delhi
UPDATED ON MAR 30, 2020 03:19 PM IST
Besides reduced demand because of the coronavirus pandemic, an oil price war between Saudi Arabia and Russia has contributed to the plunge in the price of crude.
Oil down about 20 per cent after Saudi price cuts
By Press Trust of India | Singapore
UPDATED ON MAR 09, 2020 06:26 AM IST
The two main contracts were both down about 20 per cent, with West Texas Intermediate sliding to about USD 32 a barrel and Brent crude to about USD 36 a barrel.
Oil falls for sixth day as China Coronavirus spreads
By Reuters | Tokyo
UPDATED ON JAN 28, 2020 10:14 AM IST
Oil investors are concerned travel advisories, other restrictions and any fall-off in economic growth in the world’s second-biggest economy and elsewhere will dampen demand for crude and its products, amid plentiful supply.
Oil prices spike 5%, surge above $65 after Iran attacks US airbase in Iraq
By Reuters | Tokyo
UPDATED ON JAN 08, 2020 06:55 AM IST
West Texas Intermediate crude futures rose nearly $3, or almost 5%, to $65.50 a barrel at around 0029 GMT. Brent crude was yet to trade after dropping nearly 1% on Tuesday
Oil prices surge over 10% as attack on Saudi Aramco facility disrupts output
By Associated Press | Associated Press
UPDATED ON SEP 16, 2019 09:08 AM IST
The attack on its oil infrastructure could lead Saudi Arabia to launch a military strike on Iran in retaliation, Book said. Countries attacking each other’s oil facilities and fields is a “prescription for a high oil price.”
Sensex down 190 points, Nifty below 11,800
By Indo Asian News Service | Mumbai
UPDATED ON JUN 21, 2019 11:11 AM IST
Brent crude, the global oil benchmark, surged over 5 per cent on renewed tensions in the Middle East after Iran shot down a US military drone.
Sensex succumbs to fag-end sell-off; logs weekly losses
By Press Trust of India | Mumbai
UPDATED ON JUN 14, 2019 07:39 PM IST
During the week, the Sensex fell 163.83 points or 0.41 per cent, while the Nifty lost 47.35 points or 0.39 per cent.
Rupee gains 5 paise against US dollar in early trade
By Press Trust of India | New Delhi
UPDATED ON MAY 22, 2019 11:59 AM IST
At the interbank foreign exchange, the domestic unit opened almost flat at 69.70 against the dollar and then it strengthened by 5 paise to quote at 69.67 in early trade.
Fuel rates stagnate before polls despite global price fluctuations
By Vineet Sachdev | Hindustan Times, New Delhi
UPDATED ON APR 17, 2019 07:40 AM IST
A similar stagnation in petrol prices could be seen during the April -May period in 2018 just before the Karnataka elections when the Brent oil price increased by 11% in a one-month duration while price of petrol changed by less than 1%.
Rupee clocks gain after 3 days, settles 11 paise higher against US dollar
By Press Trust of India | Mumbai
UPDATED ON JAN 23, 2019 06:37 PM IST
Forex traders attributed the US dollar slide to renewed concerns over ongoing US-China trade tiff which experts believe dragging the global economy towards a major financial meltdown.
Rupee slips further, dips 9 paise to 71.28 against USD
By Press Trust of India | Mumbai
UPDATED ON JAN 22, 2019 09:51 AM IST
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 71.38 and fell further to touch the day’s low of 71.53.
Sensex rallies over 300 points, Nifty reclaims 10,800 level
By Press Trust of India | Press Trust of India
UPDATED ON DEC 28, 2018 10:09 AM IST
Top gainers include HDFC duo, Reliance Industries, ICICI Bank, L&T, ITC, HUL, SBI, TCS and Sun Pharma, rising up to 2%.
Sensex ends lower over Fed rate hike
By Indo Asian News Service | Mumbai
PUBLISHED ON DEC 20, 2018 05:48 PM IST
In line with weakness in global markets, the BSE Sensex and Nifty50 ended lower on Thursday after the US Federal Reserve raised its short-term interest rate.
Rupee logs best day in over 5 years, vaults 112 paise on crude slide
By Press Trust of India | Mumbai
UPDATED ON DEC 18, 2018 07:09 PM IST
The Indian rupee rallied by a whopping 112 paise, its best single-day gains in over five years, to settle at 70.44 against the US dollar as softening crude oil prices eased concerns over India’s current account deficit expansion.
Rupee logs biggest single-day gain in 5 years, leaps 100 paise on crude respite
By Press Trust of India | Mumbai
PUBLISHED ON NOV 02, 2018 08:00 PM IST
The Indian rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices and possibility that the US might grant waivers to India from sanctions on Iranian oil imports.
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