Page 45 - Oil Prices

Oil prices fall 2% as inventories rise and vaccine rollout stalls

A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off

Oil prices drop for fifth straight day after US inventories rise

Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.

Oil climbs as drop in US crude stocks outweighs European vaccine woes

Brent crude futures rose 35 cents, or 0.5%, to $68.74 a barrel, after initially falling as much as 27 cents

Oil steady as demand worries counter surprise drop in US crude stocks

Oil prices were mixed as concerns over rocky demand in Europe counterbalanced hopes of a recovery in US refinery activity as industry data showed US crude stockpiles unexpectedly fell last week

Oil ticks up on global economic outlook, plummeting US fuel inventories

NEW YORK (Reuters) - Oil prices rose on Wednesday on an upbeat forecast for global economic recovery and as U.S. gasoline inventories plummeted, but prices were limited due to a surge in crude oil inventories in the aftermath of last month's Texas winter storm.

Oil dips after surge in U.S. crude inventories

By Laila Kearney

Oil prices rise on expected economic recovery, US $1.9 trillion relief bill

Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the US

Oil nearing $70 worries consumer nations, may hamper economic recovery

Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries

Top headlines: Brent hops past $70; Tata Motors to hive off PV business

Business Standard brings you top news of the evening

Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

Indices end lower for 2nd day; Sensex drops 441 pts but up 2.5% this week

On the upside, ONGC, Maruti Suzuki, Nestle India, Titan, Reliance Industries, and L&T supported the markets with up to 2.5 per cent gains

OPEC, allies agree to keep oil production cuts unchanged, prices jump

Under the deal, non-OPEC countries Russia and Kazakstand can make small production increases

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Petrol stable at Rs 91.17 in New Delhi, diesel unchanged at Rs 81.47

Yesterday, a report said that the finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, quoting three government officials

Don't cut fuel taxes

Roll-back will increase fiscal risks

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Oil prices rise on Covid-19 vaccine optimism, US economic stimulus

Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by 1448 GMT, and U.S. West Texas Intermediate (WTI) crude rose 13 cents, or 0.2%, to $61.63 a barrel.

Oil prices climb after progress on huge US stimulus bill, economic optimism

U.S. West Texas Intermediate (WTI) crude CLc1 futures jumped $1.10, or 1.8%, to $62.60 a barrel

Oil drops on dollar strength and OPEC+ supply expectations

NEW YORK (Reuters) - Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels.