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Page 37 - Crude Oil Price

Oil prices snap seven-day losing streak, helped by weaker dollar

Brent crude climbed $1.23, or 1.9%, to $66.41 a barrel by 0701 GMT, after dipping to $64.60 earlier in the session, its lowest level since May 21

Oil prices snap seven-day losing streak, helped by weaker dollar
Updated On : 23 Aug 2021 | 2:50 PM IST

Oil prices rebound from 7-day losing streak as investors snap up bargains

Brent crude futures climbed 60 cents, or 0.9%, to $65.78 a barrel by 0158 GMT, after hitting the lowest level since May 21 of $64.60 earlier in the session

Oil prices rebound from 7-day losing streak as investors snap up bargains
Updated On : 23 Aug 2021 | 9:24 AM IST

Delta, Fed dominate economic conversation as stocks jump, oil drops

The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%

Delta, Fed dominate economic conversation as stocks jump, oil drops
Updated On : 21 Aug 2021 | 9:27 AM IST

Oil rises but set for 5% weekly drop as Delta variant of Covid-19 spreads

Brent crude futures rose 24 cents or 0.4% to $66.69 a barrel at 0635 GMT, after dropping 2.6% on Thursday to its lowest close since May.

Oil rises but set for 5% weekly drop as Delta variant of Covid-19 spreads
Updated On : 20 Aug 2021 | 3:27 PM IST

Oil slumps over 3%, hits May lows as losses extend to a sixth day

Oil prices skidded on Thursday for a sixth session, hitting lows not seen since May, pressured by a stronger US dollar and concerns about weaker demand as Covid-19 cases rise

Oil slumps over 3%, hits May lows as losses extend to a sixth day
Updated On : 19 Aug 2021 | 10:00 PM IST

Oil drops towards $66, lowest since May on demand concerns amid Covid surge

Rising Covid cases fuel fears over slower demand; stronger dollar as Fed on track to taper this year weighs

Oil drops towards $66, lowest since May on demand concerns amid Covid surge
Updated On : 19 Aug 2021 | 2:20 PM IST

Oil steadies but Delta variant outbreaks cloud demand prospects

Brent crude was up about $1, or 1.4%, just above $70 a barrel by 1125 GMT. US WTI crude oil gained 84 cents, or 1.25%, to $67.43.

Oil steadies but Delta variant outbreaks cloud demand prospects
Updated On : 18 Aug 2021 | 5:41 PM IST

Tech View: Can high fuel prices, weak crude spark a rally in OMCs?

OMC shares traded mixed with HPCL and IOC down 1 per cent and BPCL marginally in the green

Tech View: Can high fuel prices, weak crude spark a rally in OMCs?
Updated On : 17 Aug 2021 | 12:45 PM IST

Crude oil prices drop amid faltering demand outlook in China

Brent crude was down 58 cents, or 0.8%, at $70.01 a barrel by 0943 GMT. US oil fell by 64 cents, or 0.9%, to $67.80. Both contracts dropped by more than $1 earlier in the session

Crude oil prices drop amid faltering demand outlook in China
Updated On : 16 Aug 2021 | 4:21 PM IST

Oil holds above $70 despite forecasts for weaker demand growth

Brent crude was down 18 cents, or 0.2per cent, at US$71.13 a barrel by 1332 GMT. US crude lost 14 cents, or 0.2per cent, to trade at US$68.95. Over the week the benchmarks are up less than 1per cent

Oil holds above $70 despite forecasts for weaker demand growth
Updated On : 13 Aug 2021 | 7:51 PM IST

OPEC sticks to oil demand view despite virus, sees more US shale coming

The OPEC in a monthly report also raised its forecast of supply from rivals, including US shale producers, next year, a potential headwind for the efforts of the group and allies to balance the market

OPEC sticks to oil demand view despite virus, sees more US shale coming
Updated On : 12 Aug 2021 | 7:36 PM IST

Crude oil prices steady as IEA warns of slowdown in demand recovery

Brent crude futures was down 26 cents, or 0.36%, at $71.18 a barrel by 11212 GMT, after earlier rising to a session-high of $71.90.

Crude oil prices steady as IEA warns of slowdown in demand recovery
Updated On : 12 Aug 2021 | 6:30 PM IST

Spread of Covid-19 Delta variant knocks oil demand outlook: IEA

Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the COVID-19 Delta variant, the International Energy Agency said

Spread of Covid-19 Delta variant knocks oil demand outlook: IEA
Updated On : 12 Aug 2021 | 2:39 PM IST

Oil recovers from three-week low amid surge in Delta variant infections

(Refiles to add dropped number in second paragraph - $67.47, not $7.47)

Oil recovers from three-week low amid surge in Delta variant infections
Updated On : 10 Aug 2021 | 2:46 PM IST

Global stocks tread water as gold slides and oil takes a spill

The FTSE Eurofirst 300 index was trading flat, Britain's FTSE 100 index dipped 0.3% and Germany's DAX 30 fell 0.3%.

Global stocks tread water as gold slides and oil takes a spill
Updated On : 09 Aug 2021 | 2:47 PM IST

Saudi Aramco Q2 profit up on higher prices, declares $18.8 bn as dividend

Company says its results were supported by the global easing of Covid-19 restrictions, vaccination campaigns

Saudi Aramco Q2 profit up on higher prices, declares $18.8 bn as dividend
Updated On : 09 Aug 2021 | 1:23 AM IST

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today
Updated On : 07 Aug 2021 | 9:27 AM IST

$300-400 million investment expected in latest oil, gas bid round

India is 85 per cent dependent on imports to meet its oil needs

$300-400 million investment expected in latest oil, gas bid round
Updated On : 06 Aug 2021 | 5:26 PM IST

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today
Updated On : 06 Aug 2021 | 12:14 PM IST

Oil prices drop towards $70 as Covid pandemic concerns weigh

Brent crude oil futures dropped by 38 cents

Oil prices drop towards $70 as Covid pandemic concerns weigh
Updated On : 05 Aug 2021 | 2:42 PM IST