Page 27 - Crude Oil Price

RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K

he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.

Oil rises as US vaccine progress raises demand expectations

Brent crude futures rose 24 cents, or 0.38%, to $62.94 a barrel after four days of losses

Petrol stable at Rs 91.17 in New Delhi, diesel unchanged at Rs 81.47

Yesterday, a report said that the finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, quoting three government officials

Oil slips on fears over higher OPEC supply, slower China demand

Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day

Oil steady before OPEC+ talks on supply amid economic recovery

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil extends losses on worry over possible supply increase from OPEC

The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Oil prices jump on Covid-19 vaccine optimism, US stimulus package

The approval of Johnson & Johnson's Covid-19 shot also buoyed the economic outlook

Oil prices climb after progress on huge US stimulus bill, economic optimism

U.S. West Texas Intermediate (WTI) crude CLc1 futures jumped $1.10, or 1.8%, to $62.60 a barrel

Oil prices decline as dollar firms up; gold hits eight-month low

Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST - the lowest since June 26 at $1,755.45

Oil set for steady gains as economies shake off pandemic blues

Oil demand was seen growing by 5-7 million barrels per day in 2021

Oil drops 1% on US dollar strength, expectations for supply gains

Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Fuel prices rising as crude-producing nations raising prices: Pradhan

Pradhan on Thursday said petroleum products in the country are getting costlier due to rising prices of crude by oil-producing nations

Barclays lifts 2021 oil price outlook on tighter US supply view

Barclays cited weaker than expected supply response from US producers to higher prices

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

Oil rises after data shows slump in US output amid Texas freeze

NEW YORK (Reuters) - Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week.

India urges OPEC to stop crude price spike in scratch-my-back diplomacy

IEA projection of rising demand for oil adds to New Delhi's worry

Oil holds near year-long highs as Covid-19 lockdowns seen easing

NEW YORK (Reuters) - Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery and return of Texas oil production kept gains in check.

Oil's new challenge for tax reforms

With the Centre increasing reliance on tax revenue from oil, the inclusion of petrol and diesel under GST can be problematic