Business Standard

Page 2 - Oil Prices Rise

Oil prices climb after API data shows surprise drop in US stocks

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%

Oil prices climb after API data shows surprise drop in US stocks
Updated On : 09 Feb 2022 | 2:44 PM IST

Markets are not fully pricing in headwinds; can fall more: Analysts

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

Markets are not fully pricing in headwinds; can fall more: Analysts
Updated On : 08 Feb 2022 | 12:40 AM IST

Oil climbs on lower supply and post-pandemic recovery

'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,'

Oil climbs on lower supply and post-pandemic recovery
Updated On : 01 Feb 2022 | 1:09 PM IST

Oil at seven-year high as Ukraine crisis overshadows Federal Reserve

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 at seven-year high as Ukraine crisis overshadows Federal Reserve
Updated On : 27 Jan 2022 | 6:22 PM IST

Oil prices edge up on Russia-Ukraine tension; Fed, EIA data eyed

Oil prices hit seven-year high last week on worries that supplies could tighten due to Ukraine-Russia tensions

Oil prices edge up on Russia-Ukraine tension; Fed, EIA data eyed
Updated On : 26 Jan 2022 | 3:23 PM IST

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

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 rises to 7-year high as Turkey outage adds to tight supply outlook
Updated On : 19 Jan 2022 | 8:53 AM IST

Oil hits 7-yr highs as global political unrest stokes supply jitters

Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers

Oil hits 7-yr highs as global political unrest stokes supply jitters
Updated On : 19 Jan 2022 | 7:21 AM IST

Oil extends rally on supply tightness, Brent at more than 3-year high

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

Oil extends rally on supply tightness, Brent at more than 3-year high
Updated On : 17 Jan 2022 | 8:43 AM IST

World stock prices gain, oil prices eased on strong US holiday sales

Global stock markets rose on Monday and oil prices eased as investors hailed strong U.S. holiday season sales

World stock prices gain, oil prices eased on strong US holiday sales
Updated On : 28 Dec 2021 | 8:46 AM IST

Oil prices rise to highest level in a month as Omicron concern eases

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 rise to highest level in a month as Omicron concern eases
Updated On : 28 Dec 2021 | 7:13 AM IST

Oil prices rise as fuel demand surges in top consumer United States

Oil prices rose as US implied consumer petroleum demand surged to a record high in the world's top oil consumer

Oil prices rise as fuel demand surges in top consumer United States
Updated On : 16 Dec 2021 | 8:49 AM IST

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

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

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise
Updated On : 01 Oct 2021 | 1:24 AM IST

India takes up high oil prices with OPEC, producers, demands low rate

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.

India takes up high oil prices with OPEC, producers, demands low rate
Updated On : 19 Jul 2021 | 8:54 PM IST

Oil prices up, but remain on track for biggest weekly drop in months

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 up, but remain on track for biggest weekly drop in months
Updated On : 16 Jul 2021 | 5:00 PM IST

Oil resumes climb as US crude inventories fall more than expected

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

Oil resumes climb as US crude inventories fall more than expected
Updated On : 23 Jun 2021 | 8:20 AM IST

Oil price rises nearly 2% on US vaccine rollout, Middle East tension

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

Oil price rises nearly 2% on US vaccine rollout, Middle East tension
Updated On : 12 Apr 2021 | 9:27 PM IST

Top headlines: Tatas win in court against Mistry; Air India sale in June

From financial bids for Air India to Mahindra's new chief-here are top headlines this evening

Top headlines: Tatas win in court against Mistry; Air India sale in June
Updated On : 26 Mar 2021 | 5:49 PM IST

Sensex sheds 397 points today: Five key factors behind the fall

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

Sensex sheds 397 points today: Five key factors behind the fall
Updated On : 15 Mar 2021 | 3:38 PM IST

Gold prices jump and rupee rises to 4-month high as dollar falters

Brent crude, too, rose in line with the broader financial market and its futures reached $53.33 a barrel, the highest since March 2020

Gold prices jump and rupee rises to 4-month high as dollar falters
Updated On : 05 Jan 2021 | 1:22 AM IST

Oil edges higher after Brexit trade deal, gains capped by pandemic

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.

Oil edges higher after Brexit trade deal, gains capped by pandemic
Updated On : 25 Dec 2020 | 2:16 AM IST