Reliance Industries makes first purchase of US crude: Sources
Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude which are expected to arrive in November, they said.
Oct 03, 2017, 13:39 PM IST
Oil prices rise on expectation of output cut extension
Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.
May 08, 2017, 10:38 AM IST
Oil prices firm on strong demand, political uncertainty in Syria
US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.
Apr 10, 2017, 10:19 AM IST
Oil prices decline on strong US dollar
Oil prices declined as strong US dollar offset market`s optimism over an oil output freeze deal.
Nov 18, 2016, 06:32 AM IST
Brent oil price hits highest level of $53.45 a barrel in a year
Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.
Oct 10, 2016, 21:06 PM IST
Oil falls as Fed rate hike speculation sends dollar surging
Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.
May 19, 2016, 12:49 PM IST
Oil prices drop amid ample supply
Oil prices dropped as market expected that global supply exceeded the demand.
Mar 16, 2016, 07:48 AM IST
Oil prices rise as US output falls, eyes on cap talks
Oil prices resumed their rise in Asian trade on Thursday despite an increase in US inventories, with traders hoping talks among major producers could lead to an output cap.
Mar 03, 2016, 12:14 PM IST
Oil market heads lower
Oil prices fell Thursday on resurgent supply glut worries as traders discounted the odds of a near-term deal by major petroleum producers to cut output.
US oil prices extend gains on slide in dollar, talk of oil producer meeting
Analysts said that prices had recovered support from a sliding dollar, as well as from ongoing yet unconfirmed talk of a potential meeting by major oil producers to cut output in support of prices, which have fallen around 70 percent since mid-2014.
Feb 04, 2016, 07:21 AM IST
Oil prices rise on talk of Russia, OPEC coordination
Oil prices were lifted Tuesday by talk of possible coordination between Saudi Arabia and Russia to cut petroleum output.
Jan 27, 2016, 02:25 AM IST
Oil down 10 percent after 5-day drop; Goldman says more losses needed
Oil fell for a fifth straight day on Friday, losing 10 percent on the week.
Jan 09, 2016, 02:46 AM IST
Oil prices dip, erasing earlier gains; down 10 percent on week
Futures of global benchmark Brent and U.S. West Texas Intermediate (WTI) crude turned direction after trading steady earlier on the strength of stocks on Wall Street.
Jan 09, 2016, 01:08 AM IST
Oil prices rebound in Asia on bargain-hunting
Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.
Oct 13, 2015, 10:27 AM IST
Oil prices rally on reported Russian moves
US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close.
Oct 06, 2015, 03:16 AM IST
US oil rallies second day; WTI up 6.3%
US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.
Aug 29, 2015, 00:46 AM IST
US oil jumps more than 10% to $42.56 a barrel
US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.
Aug 28, 2015, 00:53 AM IST
Crude oil sinks again amid global supply glut
Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.
Aug 08, 2015, 02:55 AM IST
Oil prices flat awaiting Greece, Iran outcomes
Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.
Jun 27, 2015, 04:23 AM IST
Oil prices jump to 2015 high on dollar`s sharp fall
A sharp fall in the dollar on improved eurozone economic data sent New York oil prices to fresh 2015 highs Tuesday, even as officials at OPEC defended their generous output strategy.
Jun 03, 2015, 04:18 AM IST
