Crude oil plunges to lowest since 1986 at $10.34 a barrel
Oil prices have collapsed by more than 60% since January to levels well below the costs necessary for many shale drillers to break even, leading to drilling halts and drastic spending cuts.
Apr 20, 2020, 21:45 PM IST
Oil hits 2016 high above $43 on producer meeting hopes
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.
Apr 12, 2016, 17:18 PM IST
Oil extends losses, nears $33 a barrel
Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.
Jan 07, 2016, 11:56 AM IST
Oil prices drop towards 11-year lows on glut fears
Brent crude fell by 3.4 percent below $37 a barrel for the first time since December 2008 and U.S. West Texas Intermediate (WTI), sank 2.5 percent below $35 a barrel.
Dec 14, 2015, 18:02 PM IST
