U.S. West Texas Intermediate (WTI) crude CLc1 futures jumped $1.10, or 1.8%, to $62.60 a barrel
NEW YORK (Reuters) - Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels.
Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST - the lowest since June 26 at $1,755.45
Brent crude futures for April, which expire on Friday, fell 74 cents, or 1.1%, to $66.14 a barrel
Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation
Gasoline production last week declined as a result of the Texas refinery shutdowns, to 7.7 million bpd
The move is a fallout of oil prices slipping into negative territory in the futures market last year
Russian Deputy Prime Minister Alexander Novak has voiced support for a gradual increase in oil output amid improving demand
Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT
Pilot on Monday questioned the silence of BJP leaders on inflation and rising fuel prices
Brent crude was up 51 cents, or 0.8%, at $63.42 a barrel
The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week
Brent crude futures ended the session down $1.02, or 1.6%, at $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude fell $1.28, or 2.1%, to settle at $59.24.
World's largest oil exporter plans to reverse recent unilateral production cut, signalling confidence in recovery
More than 4 million barrels a day of output -- almost 40 per cent of the nation's crude production -- is now offline
Oil has been supported by OPEC+ supply curbs, Saudi Arabia's additional cuts and hopes of a demand rebound due to COVID-19 vaccinations
Benchmark Brent crude gained 13 cents, or 0.2%, to $63.48 a barrel at 1442 GMT, while U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $59.87 a barrel
US West Texas Intermediate (WTI) crude rose $1.18, or 2%, to $61.23 a barrel
Brent crude was up 93 cents, or 1.5%, at $63.36 a barrel
Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week