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Oil rises around 1% on Saudi pledge to stabilise prices

24-11-2015| Source:Reuters

Crude oil futures rose around one percent on Tuesday, after Saudi Arabia pledged to work towards oil price stability, while a strong US dollar and an expected rise in US crude stocks limited

OPEC comments show lost relevance ahead of meeting

24-11-2015| Source:CNBC

Oil surged Monday on remarks from Saudi officials that the country is willing to work with oil producing and exporting countries, both inside and outside of OPEC to maintain market and price

Here's Matthew Smith's view on crude oil  

23-11-2015| Source:CNBC-TV18

.Below are the excerpts of Matthew Smith's interview with CNBC-TV18's Ronojoy Banerjee. Q: What do you make of the kind of volatility that we have seen because since June last year oil prices have seen a significant

Oil drops on supply glut despite cut in US oil rigs

23-11-2015| Source:Reuters

Crude oil futures lost ground in early Asian trading on Monday, pressured by a global supply surplus despite a cut in the number of US oil rigs for an eleventh week out of 12.Benchmark front

Sell MCX Crude oil Dec; target of Rs 2660 : Way2Wealth


Way2Wealth has recommended to sell MCX Crude oil Dec below Rs 2750 with a stop loss of Rs 2796 for the target price of Rs 2660, in its research report dated Nov 20, 2015.

Oil up a fraction but near 3-month lows on surplus supply

20-11-2015| Source:Reuters

US crude's West Texas Intermediate (WTI) futures were quoted 3 cents higher at USD 40.57 a barrel after settling down 21 cents at USD 40.54 on the previous session USD 44.18 a barrel.

US oil briefly breaks below $40 a barrel

19-11-2015| Source:CNBC

Earlier, oil prices rose slightly, with some investors keen to buy at what they perceive to be bargain levels, but persistent gluts of crude and refined fuel kept gains slight.

Oil prices up on France IS strikes, stockpiles data

19-11-2015| Source:PTI

"Strikes against the Islamic State could worsen the geopolitical tensions in the oil-producing Middle East region and this supports crude prices," said Sanjeev Gupta, who heads the Asia

Oil prices up in Asia, oversupply hobbles gains

18-11-2015| Source:PTI

Oil prices rebounded in Asia today but buying sentiment remains sluggish owing to supply glut woes and a strong dollar. Traders are waiting for the release later in the day of a US Department

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