International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
If the price rises, the trade balance will worsen, putting the rupee under pressure
According to a Moody's report, prices will settle to around $50-$70 a barrel by 2020, but they would witness volatility
Much depends on how world oil demand shapes up as it gets battered by a stronger dollar and global trade spats
The retail prices are benchmarked to the C&F price of petrol and diesel, which is the cost inclusive of freight if the fuel has to be imported
The minister said that oil prices have started coming down due to some international developments
US crude inventories are expected to have fallen by 800,000 barrels in the latest week
Pumping more crude into the market may seem as if it ought to ease fears of a supply shortage when Trump's Iran sanctions begin to bite - but any relief will be short-lived
Brent crude at $75 a barrel could lower his growth estimate for India to about 7.3 per cent from 7.5 per cent for the year through March 2019
For the kingdom, the most important thing is to keep Russia supporting the current OPEC and non-OPEC production cuts
US West Texas Intermediate crude was virtually flat at $61.23 per barrel
Brent crude futures , the international benchmark for oil prices, were at $63.86 a barrel, up 6 cents
US West Texas Intermediate crude was up 36 cents, or 0.6 per cent, at $57.50 a barrel, having earlier settled down 85 cents at $57.14
Better technology has led to soaring shale production. But, shale costs much more and Opec tried to drive less efficient shale out of business by keeping production high
Oil prices fell to fresh five-month lows on Friday