Page 29 - Crude Oil Price

Oil prices settle higher, but market wary of Omicron coronavirus variant

Brent crude settled up $2.46, or 3.4%, at $73.98 a barrel, and U.S. West Texas Intermediate (WTI) crude rose $2.51, or 3.7%, to $71.12 a barrel.

Global stocks rise sharply with investors' renewed risk appetite; oil up

NEW YORK (Reuters) - Wall Street closed significantly higher on Tuesday after a bruising session the prior day, with oil prices also gaining as investors sought riskier assets despite surging cases of the Omicron coronavirus variant around the world.

Oil prices plunge as Omicron's rapid spread dims fuel demand outlook

NEW YORK (Reuters) - Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.

Global equities and oil prices slump on Omicron and growth fears

The spread of the Omicron variant saw the Netherlands go into lockdown on Sunday and put pressure on others to follow, though the United States seemed set to remain open

Asian equities, oil prices sink as Omicron variant makes waves

Beijing lightened the mood a little by cutting one-year loan rates for the frost time in 20 months, though some had hoped for an easing in five-year rates as well.

Kuwait extends oil supply deal for Indian refiners to March: Report

NEW DELHI/SINGAPORE (Reuters) - Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter.

Asia stocks, oil prices suffer as new coronavirus variant Omicron spreads

A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.

Oil prices head for weekly loss on Omicron variant uncertainty

Brent and WTI are both headed for a 1.4 per cent loss this week

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Brent crude futures fell 59 cents, or 0.8%, to $74.43 a barrel while U.S. West Texas Intermediate crude futures dropped 67 cents, or 0.9%, to $71.71 a barrel

Tumble in spot premiums spurs Asia refiners' buying of Mideast oil

Easing concerns about the impact of new coronavirus variant Omicron on Asia's fuel demand are also supporting Asian refiners' margins, trade sources said.

Oil prices head for flat week on Omicron Covid variant uncertainty

U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a barrel at 0155 GMT. Brent crude futures fell 11 cents, or 0.2%, to $74.91 a barrel.

Oil rises towards $75 as US demand and Fed outweigh virus concern

Crude and other risk assets such as equities also got a boost after the US Federal Reserve gave an upbeat economic outlook

Oil prices settle lower on oversupply concerns, strong dollar

Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild

OPEC raises first-quarter 2022 demand forecast by 1.11 mbpd, sees demand at 100 mbpd in Q3 2022, as previously forecast

Oil rises on optimism Omicron impact will be limited on fuel demand

Oil prices rose helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.

US sells 18 mn barrels of oil from strategic reserve to reduce prices

The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs

Oil prices post biggest weekly gain since August as Omicron concerns ease

Oil prices rose slightly on Friday and posted their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over Omicron

Oil prices on track for biggest weekly gain since August

LONDON (Reuters) -Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand.

Oil prices edge lower, tracking biggest weekly gain since late August

MELBOURNE/BEIJING (Reuters) -Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment.

Oil prices slip on profit-taking, but head for strong weekly gain

Benchmark Brent and WTI were both on course to rise more than 6% this week, even after the profit-taking, their first weekly gain in seven weeks