Business Standard

Page 11 - Crude Oil Price

Oil prices settle lower on oversupply concerns, strong dollar

Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.

Oil prices settle lower on oversupply concerns, strong dollar
Updated On : 15 Dec 2021 | 8:14 AM IST

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild

OPEC raises first-quarter 2022 demand forecast by 1.11 mbpd, sees demand at 100 mbpd in Q3 2022, as previously forecast

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild
Updated On : 14 Dec 2021 | 12:07 AM IST

Oil rises on optimism Omicron impact will be limited on fuel demand

Oil prices rose helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.

Oil rises on optimism Omicron impact will be limited on fuel demand
Updated On : 13 Dec 2021 | 8:16 AM IST

US sells 18 mn barrels of oil from strategic reserve to reduce prices

The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs

US sells 18 mn barrels of oil from strategic reserve to reduce prices
Updated On : 11 Dec 2021 | 12:38 PM IST

Oil prices post biggest weekly gain since August as Omicron concerns ease

Oil prices rose slightly on Friday and posted their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over Omicron

Oil prices post biggest weekly gain since August as Omicron concerns ease
Updated On : 11 Dec 2021 | 8:44 AM IST

Oil prices on track for biggest weekly gain since August

LONDON (Reuters) -Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant's impact on global economic growth and fuel demand.

Oil prices on track for biggest weekly gain since August
Updated On : 10 Dec 2021 | 8:47 PM IST

Oil prices edge lower, tracking biggest weekly gain since late August

MELBOURNE/BEIJING (Reuters) -Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment.

Oil prices edge lower, tracking biggest weekly gain since late August
Updated On : 10 Dec 2021 | 2:22 PM IST

Oil prices slip on profit-taking, but head for strong weekly gain

Benchmark Brent and WTI were both on course to rise more than 6% this week, even after the profit-taking, their first weekly gain in seven weeks

Oil prices slip on profit-taking, but head for strong weekly gain
Updated On : 10 Dec 2021 | 9:47 AM IST

Oil prices slip after restrictions to counter Omicron variant

LONDON (Reuters) - Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by positive comments from vaccine makers about the efficacy of their jabs.

Oil prices slip after restrictions to counter Omicron variant
Updated On : 09 Dec 2021 | 5:56 PM IST

Oil steadies near $75 as investors assess Omicron's impact

Brent crude futures dropped 19 cents, or 0.25%, to $75.25 a barrel at 0925 GMT, after settling 3.2% higher on Tuesday

Oil steadies near $75 as investors assess Omicron's impact
Updated On : 08 Dec 2021 | 6:32 PM IST

Oil prices ease as investors wait for more on Omicron's potential impact

Brent crude futures dropped 40 cents, or 0.5%, to $75.04 a barrel at 0748 GMT, after settling 3.2% higher on Tuesday

Oil prices ease as investors wait for more on Omicron's potential impact
Updated On : 08 Dec 2021 | 2:19 PM IST

Oil rises 3%, extending rally as concerns over Omicron variant impact eases

Oil prices climbed by more than 3% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant.

Oil rises 3%, extending rally as concerns over Omicron variant impact eases
Updated On : 08 Dec 2021 | 7:34 AM IST

Oil prices climb over $1/bbl as Omicron fears ease, Iran delay

SINGAPORE (Reuters) -Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude.

Oil prices climb over $1/bbl as Omicron fears ease, Iran delay
Updated On : 07 Dec 2021 | 2:34 PM IST

Oil prices rise over $1 a barrel after Saudi increases rate for its crude

Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States

Oil prices rise over $1 a barrel after Saudi increases rate for its crude
Updated On : 06 Dec 2021 | 8:37 AM IST

Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand

U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.

Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand
Updated On : 04 Dec 2021 | 12:57 AM IST

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $66.77 a barrel at 0122 GMT, adding to a 1.4% gain on Thursday.

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand
Updated On : 03 Dec 2021 | 8:37 AM IST

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $66.77 a barrel at 0122 GMT, adding to a 1.4% gain on Thursday

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand
Updated On : 03 Dec 2021 | 8:29 AM IST

Iraq's Nov crude exports exceed 98 mn barrels, generate revenue of $7.6 bn

Iraqi Ministry of Oil has said that the country exported 98.19 million barrels of crude oil in November

Iraq's Nov crude exports exceed 98 mn barrels, generate revenue of $7.6 bn
Updated On : 02 Dec 2021 | 8:30 AM IST

Oil rises on views OPEC+ may pause supply addition amid Omicron fears

U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT, after a 0.9% drop on Wednesday.

Oil rises on views OPEC+ may pause supply addition amid Omicron fears
Updated On : 02 Dec 2021 | 8:20 AM IST

ITC, HUL, Britannia: Good time to buy FMCG stocks? Analysts weigh in

In the FMCG basket, Britannia, Colgate Palmolive, HUL are on the shopping list of A K Prabhakar, head of research at IDBI Capital

ITC, HUL, Britannia: Good time to buy FMCG stocks? Analysts weigh in
Updated On : 02 Dec 2021 | 1:04 AM IST