Page 50 - Crude Oil Price

Oil prices keep rising after eight-month high on demand optimism

Futures in New York climbed around 1 per cent to trade above $45 a barrel as a broader financial markets rally continued

Oil takes breather after coronavirus vaccine rally as stockpiles rise

US oil edged lower, after an industry report showed crude stockpiles in United States rose against expectations, tempering a rally driven by news that another vaccine had proved effective in trials

Oil closes at highest level since March on vaccine trials, Biden transition

Brent crude settled at $47.86 a barrel, gaining $1.80, or 3.9%. U.S. West Texas Intermediate crude settled at $44.91 a barrel, rising $1.85, or 4.3%.

World stocks ease further from highs, oil dips on Covid-19 restrictions

Positive news about potential vaccines had helped push the MSCI World Index to a record high earlier in the week

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes

The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week.

Crude oil prices jump over 4% on latest Covid-19 vaccine progress

Brent crude futures for January were up $1.79, or 4.2 per cent, to $44.57 a barrel by 7:50 pm (IST), while U.S. West Texas Intermediate crude for December was up $1.84 or 4.6 per cent to $41.97

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise

The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in

Oil rises 4% after Trump falsely claims victory in tight US election

Oil prices rose nearly 4% after President Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories

Oil rebounds; rises nearly 3% a day before US presidential election voting

Oil prices gained nearly 3%, rebounding from several days of losses built on concerns of rising coronavirus cases, one day before the end of US presidential election voting

Oil falls to 5-month low over fresh lockdowns, Libyan crude production

The double whammy of falling demand and growing supply pushed futures in New York down as much as 6 per cent in early Asian trading

Crude oil prices slide 3% as Europe expands coronavirus lockdown

Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%

As Europe curbs travel due to Covid, oil set to see worst month since March

Futures have tumbled 9.8% this month in New York and they're near the lowest since late May in London

Gold immune to US Prez election, stimulus package key trigger: Bhavik Patel

Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout

Crude oil price rebound may come in late 2021, says pipeline giant

A historic crash in oil prices along with a glut of fracking after years of debt-fueled growth has triggered a crisis that's driven some US producers into bankruptcy

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

Oil prices slip as worries mount over rising Covid cases in US, Europe

Brent was down 99 cents, or 2.37 per cent, at $40.78 by 8.28 pm IST. US West Texas Intermediate (WTI) dropped $1.13, or 2.84 per cent, to $38.72. Both contracts fell almost 2.5% last week

Oil falls more than 1% as surging Covid-19 cases stoke demand fears

Brent fell 2.7% last week and WTI dropped 2.5%

Brazil soars to China's No. 3 crude oil supplier in Sept, overtakes Iraq

Saudi Arabia regained the top spot in China's oil purchases last month after losing that rank to Russia for the previous two months, data showed

Oil prices slip on weaker demand outlook after US gasoline stocks build

U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.7%, to $39.76 a barrel at 0127 GMT, after skidding 4% on Wednesday

Oil prices slide as US inventory report reflects demand weakness

Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent