Oil prices edge higher on hopes for more China stimulusOil prices rose slightly in thin holiday trading, supported by China's plans for increased fiscal stimulus and expected declines in U.S. cr...
26 Dec, 2024, 07.34 AM IST
Oil prices edge higher on US crude stocks, market awaits Fed decisionCrude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 13, the Energy Information Administration (...
18 Sep, 2024, 09.24 PM IST
Oil benchmark Brent nears $86 on heightened supply concernsBrent near $86 due to Russia-Ukraine tension. U.S. crude at $81.09. Both benchmarks up 11% and 12.5%. OPEC+ extends supply curbs. Global co...
25 Mar, 2024, 07.38 PM IST
Oil prices ease, US crude stock build fuels demand fearsBrent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124 GMT. U.S. West Texas Intermediate crude futures were down 30 cents, ...
29 Feb, 2024, 07.32 AM IST
Oil prices at 2-1/2 month lows as China data offsets supply cutsWhile China's crude oil imports in October showed robust growth both year on year and month on month, its total exports contracted at a qui...
07 Nov, 2023, 09.26 PM IST
Oil prices ease as market awaits China data to gauge demandChina will release its import and export figures for October on Tuesday at 0300 GMT, while bank lending, credit and key consumer price infl...
07 Nov, 2023, 07.47 AM IST
Oil prices rise on large US stockpile draw, hurricane jittersBrent crude futures for October rose 17 cents, or 0.2%, to $85.66 a barrel by 0133 GMT. The October contract expires on Thursday and the mo...
30 Aug, 2023, 07.53 AM IST
Brent crude hits highest price since April as tighter supply offsets China demand concern"There is no doubt that there is plenty of momentum here," said Naeem Aslam, chief investment officer at Zaye Capital Markets. "The clear t...
09 Aug, 2023, 09.05 PM IST
Brent oil set to notch first monthly gain this year on supply fearsBrent crude oil prices are poised to achieve their first monthly gain this year, driven by a significant decline in oil stocks and plans by...
30 Jun, 2023, 08.24 AM IST
Oil prices fall on demand fears, headed for second weekly lossOil prices fell as demand concerns outweighed the prospect of tighter supply from global producers and investors remained sceptical that th...
09 Jun, 2023, 07.52 AM IST
Brent slides 2% amid concerns over health of banking sectorBanking stocks slid in Europe with Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 fin...
24 Mar, 2023, 08.08 PM IST
Brent oil slips as growth fears offset China demand hopesThe market rallied, with Brent briefly turning positive, after better than expected business activity surveys in Europe and the UK pointed ...
21 Feb, 2023, 08.39 PM IST
Oil heads for weekly loss on rate hike worries, ample supplyTwo Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels. Heightened rat...
17 Feb, 2023, 03.08 PM IST
Oil prices gain around 1% on optimism over China's recoveryThe IEA report followed expectations from the Organization of the Petroleum Exporting Countries (OPEC) that Chinese oil demand would grow b...
18 Jan, 2023, 07.57 PM IST
Oil drops more than $1 as China's COVID protests fuel demand worriesMeanwhile, Group of Seven(G7) and European Union diplomats have been discussing a price cap on Russian oil of between $65 and $70 a barrel,...
28 Nov, 2022, 07.37 AM IST
Oil extends losses as recession fears mountOil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest r...
23 Jun, 2022, 06.47 AM IST
Oil falls on profit-taking, all eyes on Russia, UkraineOil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped,...
15 Feb, 2022, 07.49 AM IST