Oil rebounds in volatile year-end trade
US benchmark West Texas Intermediate for January delivery rose 63 cents to $54.74, while Brent crude for February gained 16 cents to $59.43 in mid-morning trade.
Dec 19, 2014, 08:46 AM IST
Oil prices up in Asian trade
Oil prices edged higher in Asia on Thursday after data showed US stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year.
Dec 18, 2014, 10:21 AM IST
Saudi to continue 'massive' spending despite oil price fall
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom's revenue, the finance minister said Wednesday.
Dec 17, 2014, 18:42 PM IST
Oil holds below $60 as OPEC, Russia keep pumping
Brent crude held below $60 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
Dec 17, 2014, 18:29 PM IST
Brent oil sinks under $59, lowest level since 2009
Oil suffered another dizzying plunge on Tuesday, with Brent crude sliding to a five-year low under $59 as markets were rocked by shrinking Chinese manufacturing output and turmoil in Russia.
Dec 16, 2014, 13:48 PM IST
Oil falls below $66 as OPEC trims 2015 demand forecast
Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year.
Dec 10, 2014, 18:29 PM IST
Oil drops $2 to five-year low on oversupply
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.
Dec 08, 2014, 19:45 PM IST
Brent holds above $70 in turbulent oil market
Brent held above $70 a barrel on Wednesday, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor.
Dec 03, 2014, 14:50 PM IST
US crude down 10% post-OPEC, Brent breaks below $70
US crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC`s decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.
Nov 29, 2014, 05:30 AM IST
Oil hits new four-year low post OPEC as glut looms
The sell-off continued on Friday with Brent reaching a low of $71.12, its weakest since July 2010. By 0945 GMT, Brent had recovered a little to trade around $71.90, down 68 cents.
Nov 28, 2014, 16:13 PM IST
Brent oil hits four-year low below $80, awaits OPEC
Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world`s biggest energy consumer and Saudi Arabia remained silent about a possible cut in production.
Nov 13, 2014, 19:04 PM IST
Oil prices up in Asian trade
US benchmark West Texas Intermediate for December delivery rose 38 cents to $79.03 while Brent crude for December was up 49 cents at $83.88 in late-morning trade.
Nov 10, 2014, 08:59 AM IST
Goldman cuts Brent forecast by $15 for 2015
Goldman Sachs cuts its price forecast for Brent and West Texas Intermediate by $15 a barrel for the first quarter of 2015, saying rising production in non-OPEC countries outside North America is expected to outstrip demand.
Oct 27, 2014, 09:29 AM IST
Brent drops below $86 after Goldman cuts price forecasts
Brent crude futures extended declines to below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contract and for U.S. oil by $15 in the first quarter of next year.
Oct 27, 2014, 09:01 AM IST
Oil resumes slide in Asian trade
Oil prices resumed their slide in Asian trade on Friday following a sharp rebound the day before as investors wait for more signs of economic growth in Europe.
Oct 24, 2014, 09:14 AM IST
Brent at four-year low on global economy fears
Prices of both contracts have lost about a fifth of their value since hitting their 2014 peaks in June.
Oct 10, 2014, 12:46 PM IST
Oil prices down on US stockpiles surge, OPEC reports
Crude prices fell in Asia Thursday following an unexpected surge in US stockpiles and reports that the OPEC oil cartel is unlikely to slash production when it meets in November.
Sep 18, 2014, 12:07 PM IST
Oil heads for worst week in six at below $98 on weak demand
Brent crude fell below USD 98 a barrel on Friday, heading for its worst week in six, as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.
Sep 12, 2014, 13:21 PM IST
Brent climbs towards $101, pulls away from 16-month low
Brent crude rose towards USD101 a barrel on Wednesday, pulling away from a 16-month low hit in the previous session, supported by encouraging U.S. manufacturing data.
Sep 03, 2014, 13:58 PM IST
Oil prices rebound in Asia
Oil prices rebounded in Asia on Wednesday on bargain-hunting after falling to multi-month lows due to a surge in the US dollar and weak global manufacturing data, analysts said.
Sep 03, 2014, 09:09 AM IST
