Page 22 - Oil Prices

Top oil guzzlers surpass pre-pandemic consumption amid recovery in activity

Oil demand in China, the world's top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic

Oil steady as Ida outages offset Saudi Arabia's cuts in crude prices

Oil held steady with Saudi Arabia's cut in crude prices for Asian buyers raising the prospect of fierce competition among sellers

Oil prices steady as US jobs report indicates patchy recovery

Oil prices were steady on Friday after a US jobs report indicated a patchy recovery amid the pandemic but the demand picture remained bright globally

Oil steady ahead of US jobs report as US storm recovery struggles

Brent crude futures were up 22 cents, or 0.3%, to $73.25 a barrel at 0911 GMT

Oil prices dip on Friday after posting strong overnight gains

U.S. West Texas Intermediate crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel

Oil prices rise on optimism about economic recovery, weaker dollar

Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in US crude stocks and a weaker dollar.

Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

Oil falls as US refineries shut; Washington pushes Opec to pump more

U.S. West Texas Intermediate (WTI) crude futures were down 43 cents, or 0.6%, at $68.78.

Oil prices fall as US refiners shut down by damage from Hurricane Ida

Oil prices fell on Tuesday on concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output

Oil prices up, off session highs after Ida; OPEC+ looks to boost output

By Jessica Resnick-Ault

Oil prices drop after Hurricane Ida hits US Gulf rigs, refineries

Brent was down 16 cents or 0.2% at $72.54 a barrel by 0654 GMT. It rose more than 11% last week in anticipation of disruptions to oil production from Hurricane Ida.

China's Sinopec posts $6 bn profit on rebounding oil prices, better demand

Revenue in the first six months rose 22.1% from last year's low base to 1.26 trillion yuan, following a recovery in global oil prices and robust demand for fuel and petrochemical products

Oil price jumps as storm approaches Gulf of Mexico production hub

Oil prices rose on Friday and were on track to post big gains for week on worries about supply disruptions as energy companies began shutting production in Gulf of Mexico ahead of possible hurricane

Oil prices jump as storm approaches Gulf of Mexico production hub

For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of more than 10%, also the strongest since June 2020.

Oil down 1%; Covid-19 pandemic surge, renewed Mexico supply end rally

Fresh COVID-19 outbreaks fueled by the Delta variant are raising concerns about the strength of the economic recovery globally

Oil edges higher on US fuel demand, extends rally for third session

The four-week average for US total product supplied, a proxy for fuel demand, soared to nearly 21 million barrels per day, its highest since March 2020

Dollar slips further as oil prices jump, commodity currencies gain

The dollar index, which measures the greenback against a basket of six currencies, fell 0.091% to 92.903.

Oil prices jump 5% after 7 days of losses, boosted by weaker dollar

A drop in the U.S. dollar provided a boost on Monday, making crude less expensive for holders of other currencies

Oil prices snap seven-day losing streak, helped by weaker dollar

Brent crude climbed $1.23, or 1.9%, to $66.41 a barrel by 0701 GMT, after dipping to $64.60 earlier in the session, its lowest level since May 21

Oil slumps over 3%, hits May lows as losses extend to a sixth day

Oil prices skidded on Thursday for a sixth session, hitting lows not seen since May, pressured by a stronger US dollar and concerns about weaker demand as Covid-19 cases rise