Page 3 - Oil Price Rise

Fuel prices hiked for 7th straight day, petrol crosses Rs 110 in Delhi

In Delhi, with an increase of Rs 0.35 in petrol and diesel prices, their cost rose to Rs 110.04 per litre and Rs 98.42 per litre respectively today.

Fuel prices raised for 3rd straight day, Petrol touches Rs 108.64 in Delhi

As for Kolkata, the price of petrol is Rs 109.02 per litre, while diesel is Rs 100.49 per litre. In Chennai, petrol and diesel cost Rs 105.43 and Rs 101.59 per litre respectively.

Commodity price surge deals stagflationary blow to world economy

Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago

Crude oil prices rise on economic outlook, drawdown in fuel stocks

Brent crude oil futures for May rose 40 cents, or 0.6%, to $68.30 a barrel by 0105 GMT, while U.S. West Texas Intermediate crude for April was up 48 cents, or 0.7%, at $64.92

Oil prices soar to their highest in 13 months as market rebalances

Brent crude was up 93 cents, or 1.5%, at $63.36 a barrel

Oil prices rise as traders anticipate vaccine trials may spur demand

Brent crude rose 58 cents to $45.54 a barrel by 1435 GMT while U.S. West Texas Intermediate crude gained 35 cents to $42.77 a barrel. Both benchmarks jumped 5% last week.

Oil rises as US storm eases, but demand worries linger amid virus surge

US West Texas Intermediate crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel

Oil prices jump 3% on coronavirus vaccine hopes, EU stimulus deal

West Texas Intermediate jumped $1.36, or 3.3%, to $42.17 a barrel

Oil rises about 2% as higher US refinery rates offsets surprise crude build

US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says

Oil prices rise on dip in US crude stockpiles and IEA data forecast

Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen

Oil rises, but ends wild week lower as coronavirus slashes fuel demand

Oil futures marked their third straight week of losses, with Brent ending down 24 per cent and WTI off around 7 per cent.

Fuel price unchanged for 4th straight day: Check petrol, diesel rate today

Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.

Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes

Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel

Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack

Brent crude futures LCOc1 gained $1.31, or 2.2%, to $60.41 a barrel by 11:27 a.m. EDT (1527 GMT), after earlier reaching a session high of $60.65 a barrel

Brent oil sees biggest intra-day jump in 28 years. Can the up move sustain?

While in the short-term, the direct physical impact on the market might be limited, analysts say the development has the potential to move the market away from its bearish macroeconomic cycle

Oil rises on expected Opec supply cuts, but record US production drags

Opec's de-facto leader Saudi Arabia wants the cartel and its allies to cut output by about 1.4 million barrels per day

Crude oil hardens ahead of US sanctions on Iran kicking in next month

International benchmark Brent crude oil futures were at $84.94 per barrel at 0008 GMT, up 36 cents, or 0.4 per cent from their last close

As crude hits $80 a barrel, oil import bill may cost govt up to $50 bn

That could lead to an oil import bill of between $130 billion and $155 billion for 2018-19

Oil price rise to inflate import bill by up to $50 billion: DEA Secretary

Economic Affairs Secretary Subhash Chandra Garg said however that economic growth will not be impacted by the rise in oil prices

Oil at $70/barrel for first time in 3 years as production cuts by Opec

Rising prices are putting US production on track to rival both Saudi Arabia and Russia, with output likely to exceed 10 million barrels a day as soon as next month