Page 3 - Oil Price Rise
Oil rises, but ends wild week lower as coronavirus slashes fuel demand
Oil futures marked their third straight week of losses, with Brent ending down 24 per cent and WTI off around 7 per cent.
 "Oil rises, but ends wild week lower as coronavirus slashes fuel demand")
Fuel price unchanged for 4th straight day: Check petrol, diesel rate today
Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.
 "Fuel price unchanged for 4th straight day: Check petrol, diesel rate today")
Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes
Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel
 "Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes")
Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack
Brent crude futures LCOc1 gained $1.31, or 2.2%, to $60.41 a barrel by 11:27 a.m. EDT (1527 GMT), after earlier reaching a session high of $60.65 a barrel
 "Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack")
Brent oil sees biggest intra-day jump in 28 years. Can the up move sustain?
While in the short-term, the direct physical impact on the market might be limited, analysts say the development has the potential to move the market away from its bearish macroeconomic cycle
 "Brent oil sees biggest intra-day jump in 28 years. Can the up move sustain?")
Oil rises on expected Opec supply cuts, but record US production drags
Opec's de-facto leader Saudi Arabia wants the cartel and its allies to cut output by about 1.4 million barrels per day
 "Oil rises on expected Opec supply cuts, but record US production drags")
Crude oil hardens ahead of US sanctions on Iran kicking in next month
International benchmark Brent crude oil futures were at $84.94 per barrel at 0008 GMT, up 36 cents, or 0.4 per cent from their last close
 "Crude oil hardens ahead of US sanctions on Iran kicking in next month")
As crude hits $80 a barrel, oil import bill may cost govt up to $50 bn
That could lead to an oil import bill of between $130 billion and $155 billion for 2018-19
 "As crude hits $80 a barrel, oil import bill may cost govt up to $50 bn")
Oil price rise to inflate import bill by up to $50 billion: DEA Secretary
Economic Affairs Secretary Subhash Chandra Garg said however that economic growth will not be impacted by the rise in oil prices
 "Oil price rise to inflate import bill by up to $50 billion: DEA Secretary")
Oil at $70/barrel for first time in 3 years as production cuts by Opec
Rising prices are putting US production on track to rival both Saudi Arabia and Russia, with output likely to exceed 10 million barrels a day as soon as next month
 "Oil at $70/barrel for first time in 3 years as production cuts by Opec")
Oil prices plunge as drop in US inventories encourage more production
Current oil price rally could encourage more production, particularly from the US: Analysts
Oil rises as Saudi Arabia pledges deep cuts to August exports
Oil remains in bear market amid concern that rising global output will offset curbs by Opec, allies
 "Oil rises as Saudi Arabia pledges deep cuts to August exports")
