Page 12 - Oil Prices

Oil prices steady amid prospects of aggressive Fed interest rate hike

After U.S. inflation data came in on Thursday at its hottest in 40 years, St. Louis Federal Reserve Bank President James Bullard said he wanted a full percentage point of interest rate hikes by July 1

Oil prices remain steady after big drop in US crude inventories

Brent crude futures gained 49 cents, or 0.5%, to $91.27 a barrel by 1:41 p.m. EST (1841 GMT). U.S. West Texas Intermediate crude fell 1 cent to $89.35 a barrel

Oil prices nudge up after API data shows surprise drop in US stocks

Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%.

BP's annual profit hits 8-year high as it boosts low carbon plans

BP reports $12.8 billion profit in 2021; BP expands greenhouse gas emission reduction plans

Crude oil prices settle down off 7-yr highs; US-Iran discussions eyed

Brent crude settled down 58 cents, or 0.6%, at $92.69. It session high of $94 was the highest since October 2014.

Oil prices fall on positive signals from talks between US, Iran

Brent crude was down 23 cents, or 0.25 percent, at $93.04 by 9.45 isT, having earlier touched its highest since October 2014 at $96

Sensex tanks over 1,000 points today: What is dampening equity markets?

The high spirits on the budget were short-lived as the global concerns have began weighing on equities.

Oil prices fluctuate as market focuses on tight supply, US-Iran talks

By Yuka Obayashi

Oil prices fall after signs of progress in US-Iran nuclear talks

US President Joe Biden's administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects

Crude oil tests $95 per barrel; Saudi Arabia increases oil prices

Other Asian grades jumped by between 40 and 70 cents a barrel. US prices were increased by 30 cents

Oil market set for seventh weekly climb as WTI nears $92 a barrel

Oil powered toward a seventh straight weekly gain as investors zeroed in on a fast-tightening global market and geopolitical tensions

Oil extends gains above $90/bbl as winter storm sweeps through the US

By Roslan Khasawneh

Shell boosts share buybacks as profit soars on high oil, gas prices

The company had already pledged to give back to investors $5.5 billion of the cash proceeds from the sale of its Permian-basin oil assets.

Oil prices take a breather, OPEC+ sticks to moderate output increases

U.S. private payrolls fell for the first time in a year in January, raising the risk of a sharp decline in employment that would deal a temporary setback to the labour market.

Oil little changed despite talk of possible OPEC+ supply boost

The Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, has been expected to decide at a monthly meeting on Wednesday to keep gradually increasing production

Economic Survey 2021-22: Costlier oil a risk to growth forecast

Analysts feel Budget will provide support to sectors worst hit by pandemic

Oil hovers near 7-year highs, headed for best month since Feb 2021

The most-active Brent contract, for April delivery, was trading at $89.62, up $1.1 or 1.2%.

India dials oil producers to raise output as Brent tops $90 a barrel

The high prices mean pressure on OMCs to raise domestic auto fuel prices, a move that has been kept in abeyance in light of looming assembly elections in five states

Investors poorer by Rs 3 trillion; key reasons for today's market fall

The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.

Oil rises on concerns global political risks could tighten supplies

Brent futures rose $1.93, or 2.2%, to settle at $88.20 a barrel