Page 35 - Oil Prices

Crude oil prices sapped over investors' concern on rising coronavirus cases

US crude oil stockpiles likely fell for a fifth straight week, while refined products inventories were seen up last week

Goldman expects Brent oil prices to reach $65 per barrel in summer 2021

Brent crude fell as much as $1 per barrel on Monday, to trade around $55. Oil prices shed about 20% in 2020.

Oil prices fall on renewed coronavirus concerns as China cases mount

Oil prices fell on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user

India's December fuel demand scales 11-month peak as recovery gathers pace

On an annual basis, demand slipped by 1.8%, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Indices snap 10-day winning streak; Sensex tanks 264 pts; ITC, RIL drop 3%

In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.

Oil prices touch multi-month highs as OPEC+ expected to hold output

Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

Oil prices flat; US crude stock draw supports but demand hopes dim

Oil prices found some support on Wednesday from the U.S. dollar hitting its lowest against a basket of currencies since 2018, making oil cheaper for holders of other currencies

Oil rises on hopes US Covid pandemic stimulus will spur fuel demand

Global shares rose for a fourth straight session on Tuesday on the U.S. stimulus hopes

Copper near 7-year high as investors regain nerve; gold and oil firm up

Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday's peak of $8,028, its highest since 2013

Oil falls on surprise build in US stocks, Trump threat to relief spending

US WTI crude futures fell 46 cents, or 1%, to $46.56 a barrel at 0142 GMT, while Brent crude futures dropped 46 cents, or 0.9%, to $49.62.

Fear of new Covid-19 strain brings down metals, oil and gold prices

More than 16 million Britons are now required to stay at home after a full lockdown came into force in London

Iraq devalues dinar to lower budget inflation as oil prices squeeze revenue

The devaluation decision came as a preemptive move to prevent "draining Iraq's foreign reserves" and help government to secure public servants' salaries, the bank said

Oil prices move up towards $50/bbl after OPEC+ supply compromise

OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.

OPEC+ agrees to increase output by 500,000 barrels a day in Jan 2021

The Organization of the Petroleum Exporting Countries and non-OPEC countries decided at a meeting to increase oil production by 500,000 barrels per day in January 2021

Oil prices hold steady as OPEC+ works on compromise on production deal

OPEC and Russia have moved closer to a compromise, OPEC+ sources told Reuters

Oil prices inch down as OPEC and allies seek consensus on output

Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98.

Paint companies better-placed to tackle higher crude prices, say experts

Robust rural demand, pricing power to mitigate the risk of increase in input costs