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Latest Crudeoil News

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Oil mkts extend gains after biggest daily climb in six yrs

28-08-2015| Source:Reuters

US crude futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude is on track for its first weekly gain in two weeks.

Metal companies lead with 4% gain in copper, zinc prices  

28-08-2015| Source:CNBC-TV18

Other sectors to watch out for in trade today are housing finance and crude companies.

US oil jumps more than 10% to USD 42.56 a barrel

28-08-2015| Source:PTI

US oil prices surged more than 10 percent on Friday, climbing back above USD 40 a barrel after strong American economic growth data lifted confidence about the world's biggest economy and petroleum

Oil prices surge 7%, US crude rises above $41

27-08-2015| Source:CNBC

Oil prices jumped 7 percent on Thursday after a rally in equity markets and an unexpected fall in US crude inventories.World stock markets rose as Chinese shares recovered on hopes that government

US second-quarter GDP growth rate revised up to 3.7%

27-08-2015| Source:Reuters

percent plunge in crude oil prices since last year.Spending on mining exploration, wells and shafts plunged at a 68.3 percent rate in the second quarter, the largest decline since the second quarter of 1986

IOC raises oil import from Latin America to cut costs

27-08-2015| Source:PTI

IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15. Ashok said oil purchases make up for nearly 92 per cent of IOC's overall costs

Oil prices up in Asian trade

27-08-2015| Source:PTI

US benchmark West Texas Intermediate for October delivery gained 86 cents to USD 39.46 while Brent crude for October rose USD 1.07 to USD 44.21 in late-morning trade.

Brent climbs by over $1 on crude stock draw, US eco data

27-08-2015| Source:Reuters

Front-month Brent LCOc1, the global oil benchmark, had gained USD 1.10 to USD 44.24 a barrel by 0300 GMT (11.00 p.m. EDT), having ended down 7 cents at USD 43.14 on Wednesday.

Oil dips after mixed US petroleum supply report

27-08-2015| Source:PTI

Crude supplies in the United States fell by 5.5 million barrels for the week ending August 21, according to US Department of Energy data. However, the report also showed US crude production slipped a

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