Brent crude futures rose 41 cents, or 0.5%, to $91.19 a barrel by 0422 GMT, while U.S. West Texas Intermediate crude was at $89.74 a barrel, up 38 cents, or 0.4%
If the oil prices rise up to $105 - $110 per barrel, a 10 per cent fall in the Sensex and Nifty is possible, say analysts
'The market is maintaining a bullish tone on expectations that supply tightness will continue as demand is picking up, with receding fears over spreading Omicron coronavirus variant,'
LONDON (Reuters) - Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy.
Oil prices hit seven-year high last week on worries that supplies could tighten due to Ukraine-Russia tensions
Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook
Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers
Oil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output
Global stock markets rose on Monday and oil prices eased as investors hailed strong U.S. holiday season sales
Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022
Oil prices rose as US implied consumer petroleum demand surged to a record high in the world's top oil consumer
In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit
India has taken up the issue of high oil prices with producer nations and OPEC, demanding affordable rates, Minister of State for Petroleum and Natural Gas Rameswar Teli told the Lok Sabha on Monday.
U.S. crude for August rose 42 cents, or 0.6%, to $72.07 a barrel, on track for a 3.4% decline, its largest weekly drop since April.
Oil prices rose after data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America
Crude prices have remained rangebound in the past three weeks, as growing expectations of surging U.S. economic activity are balanced by the slow rate of vaccination in Europe
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Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall
Brent crude, too, rose in line with the broader financial market and its futures reached $53.33 a barrel, the highest since March 2020
The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains, and then rebounded during the US session to end modestly higher.