Page 12 - Brent Crude

Brent climbs to more than 7-year high on Mideast tensions, tight supply

By Roslan Khasawneh and Sonali Paul

Is oil price rise a cause of worry?

Crude oil prices have soared 25% in a month as demand remains steady and supplies disrupted. Is this a worrisome trend? Will the govt address this in the Budget? Our next report takes a deep dive

Crude oil prices steady as rising Libyan output offsets supply worries

Brent crude was down 4 cents, or 0.1%, to $86.02 a barrel by 0953 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71

Stocks mixed as Beijing adds stimulus; Brent hits 3-year high of $86.7/bbl

A holiday in the United States made for thin trading, but that did not stop Treasury futures from sliding further and Brent crude hitting a three-year top of $86.71 a barrel

Oil prices edge lower on profit-taking, interest rate hike worries

Oil prices typically move inversely to the U.S. dollar, with a stronger greenback making commodities more expensive for those holding other currencies

Oil prices edge up due to supply disruptions in Kazakhstan, Libya

Brent crude gained 16 US cents or 0.2 per cent at US$81.91 a barrel at 4.06 am GMT, while US West Texas Intermediate crude was up US$0.15 or 0.2 per cent at US$79.05 a barrel

Oil starts 2022 with rally towards $79 as Omicron impact concerns ease

Brent crude rose 95 cents, or 1.2per cent, to US$78.73 a barrel as of 0923 GMT. U.S. West Texas Intermediate (WTI) crude added US$1.03 or 1.4per cent, to US$76.24

Oil heads for biggest annual gains since 2009; Brent to post 50% gains

Global oil prices are expected to rise further next year as jet fuel demand catches up

As global economy recovers, oil heads for biggest annual gains since 2009

Brent crude futures fell 3 cents to $79.50 a barrel at 0718 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.1%, to $76.89 a barrel.

Oil prices slip as China cuts first batch of import quotas for 2022

Brent crude futures fell 41 cents, or 0.5%, to $78.82 a barrel at 0755 GMT, down for the first time in four days.

Oil trades at one-month high, Brent near $80 as market shrugs off Omicron

Brent crude rose by US$1.04, or 1.3per cent, to US$79.64 a barrel by 1119 GMT. US West Texas Intermediate (WTI) crude rose US$1.15, or 1.5per cent, to US$76.72.

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $66.77 a barrel at 0122 GMT, adding to a 1.4% gain on Thursday.

Oil rises on views OPEC+ may pause supply addition amid Omicron fears

U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT, after a 0.9% drop on Wednesday.

Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

Crude oil prices slide amid fears of supply boost, weakening demand

Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT. U.S. West Texas Intermediate (WTI) crude lost 58 cents, or 0.7%, to $80.21 a barrel

Oil gains as supply concerns re-emerge after OPEC+ output plan

Sentiment also gained from data showing US employment rising more than expected in October

Top headlines: Pfizer's pill cuts risk of severe Covid; Delhi AQI worsens

Business Standard brings you the top headlines on Friday

Oil rises after OPEC+ rebuffs US call to boost output; Brent crude past $80

OPEC+ group of major producers agreed to stick to their plan to raise oil output by 400,000 barrels per day from December ignoring calls from US President Joe Biden for extra output to cool prices

Oil prices drop more than 1% as US crude stockpiles rise sharply

Brent oil futures ended down $1.82, or 2.1%, to $84.58 a barrel, after closing at a seven-year high on Tuesday

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks