Page 4 - Oil Prices Rise

Oil prices rise towards $41 on US Gulf shutdowns, weak outlook

Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta.

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Oil prices rise to 5-month high on weak dollar, US crude stockpiles

Oil also drew support from signs that talks between the White House and Democrats in Congress on a new coronavirus relief package are making progress, although the sides remain far apart

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and US West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel

Oil prices, fuel demand recover as countries ease Covid-19 restrictions

The lifting of some coronavirus curbs is driving a recovery in gasoline demand with traffic congestion in some of the world's capitals returning to year-earlier levels

Oil prices up on surprise decline of US inventories; demand concerns linger

Prices have risen in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns, giving hope for a pickup in fuel demand

Oil prices rise as Saudi Arabia pledges to deepen production cuts in June

US West Texas Intermediate (WTI) crude futures were up 1 per cent, or 24 cents, at $24.38 after touching a high of $24.77

With record excise duty hike on fuel, Modi govt may gain Rs 1.6 trn in FY21

Together with Rs 39,000 crore in annual revenues gained from the March 14 excise duty hike of Rs 3 per litre each on petrol and diesel, the government stands to gain as much as Rs 2 trillion

Oil prices surge nearly 20% as investors hail coronavirus stimulus spending

OANDA's Moya cautioned that the selling could start again in oil markets.

Oil prices rise 1% as China pushes Donald Trump for more tariff rollbacks

Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 pm EST (1756 GMT). US West Texas Intermediate crude futures rose 68 cents, or 1.2%, to $57.22 a barrel

Oil prices rise on US-China trade deal hopes and improved outlook

On Friday, prices jumped by about $2 a barrel after U.S. officials said a deal could be signed this month.

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

Oil prices rise on expectations of more output cuts by Opec amid trade row

International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement

Oil edges higher after plunging in worst reaction to Opec in over 4 years

Prices edged higher by about 0.6% on Wednesday after a report showed a contraction in U.S. crude stockpiles

Oil prices near 2019 highs amid supply cuts by Opec, US sanctions

Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of the $68.69 per barrel 2019-high marked the day before

Oil prices hit 3-month high on Opec cuts, US sanctions on Iran, Venezuela

Opec, as well as some non-affiliated producers like Russia, agreed late last year to cut output by 1.2 million barrels per day to prevent a large supply overhang from swelling more

Oil prices fall 3% on rising US production, economic slowdown fears

Brent has risen nearly 12% so far in Jan, which would be the largest monthly percentage increase since Dec 2016

Oil rises 1% on supply cuts, but fears of economic slowdown persist

International Brent crude oil futures were at $59.64 per barrel, up 65 cents, or 1.1%, from their last close

Oil prices surge almost 4% on US-China trade truce, expected supply cuts

Brent crude futures rose $2.23 to settle at $61.69 a barrel, a 3.75 percent gain