Oil rallies to three-month high; analysts warn of glut
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year`s lows on an improving global outlook and stronger sentiment for a market recovery
Mar 07, 2016, 18:39 PM IST
Oil likely to recover to $55 in 12 months: Report
Oil prices are likely to recover after 11-year low to USD 55 per barrel from the current USD 34 in 12 months, following gains in the latter half of 2016, according to a report.
Mar 04, 2016, 15:30 PM 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
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 recover amid Greece, supply worries
In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.
Jun 16, 2015, 13:47 PM IST
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.
Jun 15, 2015, 12:44 PM IST
Oil prices drop as IEA predicts demand slowdown
US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.
Jun 11, 2015, 19:39 PM IST
Oil prices rise on hopes for China stimulus
Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.
Jun 09, 2015, 10:15 AM IST
Oil prices rise ahead of OPEC output meeting
"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.
Jun 05, 2015, 10:19 AM IST
OPEC expected to keep status quo on oil output
However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.
Jun 05, 2015, 10:09 AM IST
Crude oil futures fall 0.68% on global cues
Oil prices for June delivery moved down Rs 23, or 0.59 percent, to Rs 3,895 per barrel, with a business volume of 2,045 lots.
Jun 03, 2015, 11:06 AM IST
Oil prices down in Asian trade
WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.
Jun 03, 2015, 10:28 AM IST
Crude oil futures down on weak Asian cues
The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.
Jun 01, 2015, 10:54 AM IST
Crude oil futures surges by Rs 65 on Asian cues
Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.
May 29, 2015, 12:20 PM IST
Oil prices higher in Asian trade
Analysts expect inventories fell for a fourth consecutive week, by 2.0 million barrels, according to a survey by Bloomberg News.
May 28, 2015, 12:14 PM IST
Rupee plunges to 64-level vs US dollar
The rupee reacted downwards against the pound sterling to 98.58 from 98.36 previously and dropped against the euro to 69.87 from 69.77.
May 26, 2015, 18:47 PM IST
Oil prices mixed in Asian trade
Oil is on an uptrend but neither is it on a steady fall. Oil has stabilised at current prices, and in dicates both the WTI and Brent to remain in this USD 60-USD 70 range.
May 26, 2015, 11:05 AM IST
Oil prices slip in Asian trade
Now, the rally seems to have fizzled out probably due to profit-taking as the market re-adjusts.
May 22, 2015, 10:13 AM IST
Oil prices rise on strong Japan, Australia economic data
Brent futures were up 60 cents at $64.62 a barrel by 0310 GMT. U.S. crude prices were also up 60 cents at $58.59 a barrel.
May 20, 2015, 10:54 AM IST
Oil prices lower after rally
"It`s likely that the gains that we`ve seen might be getting close to an end point. Oil will probably find it difficult to sustain values much beyond the mid $60s."
May 01, 2015, 10:52 AM IST
