Page 31 - Crude Oil Price

OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report

Oil pulls back amid New York coronavirus curbs, gains for a 6th week

Brent futures settled down US28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high

Oil prices set for weekly gain amid coronavirus vaccine rollouts

Brent was up 30 cents or 0.6 per cent at $50.55 a barrel by 1:22 pm IST, after gaining nearly 3 per cent on Thursday

Oil & Gas shares in focus; ONGC, Oil India, Gail rally up to 10%

On Thursday, Brent Crude prices crossed $50 per barrel-mark for the first time since March on demand recovery and hopes of Covid-19 vaccine

Back from the Covid abyss: Oil stages remarkable turnaround; back above $50

It's possible the market is getting ahead of itself though, with key technical indicators signaling benchmarks are overbought and U.S. inventories recently piling higher

Crude oil's run towards $50/barrel mark could run out of fuel in 2021

Covid-19 infections remain at peak levels globally, decimating demand for transport fuels, the mainstay of oil use

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Oil rises for 5th day straight on surprise fall in US stocks, vaccine hopes

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session

Oil prices keep rising after eight-month high on demand optimism

Futures in New York climbed around 1 per cent to trade above $45 a barrel as a broader financial markets rally continued

Oil takes breather after coronavirus vaccine rally as stockpiles rise

US oil edged lower, after an industry report showed crude stockpiles in United States rose against expectations, tempering a rally driven by news that another vaccine had proved effective in trials

Oil closes at highest level since March on vaccine trials, Biden transition

Brent crude settled at $47.86 a barrel, gaining $1.80, or 3.9%. U.S. West Texas Intermediate crude settled at $44.91 a barrel, rising $1.85, or 4.3%.

World stocks ease further from highs, oil dips on Covid-19 restrictions

Positive news about potential vaccines had helped push the MSCI World Index to a record high earlier in the week

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes

The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week.

Crude oil prices jump over 4% on latest Covid-19 vaccine progress

Brent crude futures for January were up $1.79, or 4.2 per cent, to $44.57 a barrel by 7:50 pm (IST), while U.S. West Texas Intermediate crude for December was up $1.84 or 4.6 per cent to $41.97

Oil keeps climbing on hopes OPEC+ will hold back supply as Covid cases rise

The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in

Oil rises 4% after Trump falsely claims victory in tight US election

Oil prices rose nearly 4% after President Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories

Oil rebounds; rises nearly 3% a day before US presidential election voting

Oil prices gained nearly 3%, rebounding from several days of losses built on concerns of rising coronavirus cases, one day before the end of US presidential election voting

Oil falls to 5-month low over fresh lockdowns, Libyan crude production

The double whammy of falling demand and growing supply pushed futures in New York down as much as 6 per cent in early Asian trading

Crude oil prices slide 3% as Europe expands coronavirus lockdown

Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%

As Europe curbs travel due to Covid, oil set to see worst month since March

Futures have tumbled 9.8% this month in New York and they're near the lowest since late May in London