Feb 24, 2017 at 16:18 | Source: Reuters
U.S. crude stocks rose by 564,000 barrels in the week to Feb. 17, according to the Energy Information Administration (EIA), although the gain was below analysts' expectations for an increase of 3.5 million barrels.
Feb 24, 2017 at 12:02 | Source: CNBC
The US exported a record amount of crude oil, topping a million barrels a day for a second week and filling the gap in world markets created by OPEC cutbacks.
Feb 23, 2017 at 22:32 | Source: Reuters
Iran said on Thursday an increase in oil prices to more than USD55 per barrel was not in the interest of OPEC as it would lead to a rise in output by non-OPEC producers, the semi-official Fars news agency reported.
Feb 23, 2017 at 12:30 | Source: Moneycontrol.com
According to Angel Commodities, on the MCX, oil prices are expected to trade higher today, international markets are trading higher by 1 percent at $54.05 per barrel.
Feb 22, 2017 at 17:46 | Source: PTI
Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.
Feb 22, 2017 at 12:16 | Source: Moneycontrol.com
According to Angel Commodities, on the MCX, oil prices are expected to trade higher today, international markets are trading higher by 0.3 percent at $54.50 per barrel.
Feb 22, 2017 at 10:23 | Source: Reuters
The US West Texas Intermediate April crude contract, the new front-month future, was up 18 cents at USD 54.51 a barrel at 0228 GMT. On Tuesday, the March contract expired up 66 cents, or 1.2 percent, at USD 54.06, after peaking at USD 54.68, the highest since January 3.
Feb 21, 2017 at 08:58 | Source: Reuters
US West Texas Intermediate crude was up 31 cents, or 0.6 percent, at USd 53.71 a barrel at 0218 GMT, after rising about 0.5 percent in a shortened session on Monday due to a US national holiday.
Feb 20, 2017 at 09:51 | Source: Reuters
Brent futures were down 5 cents at USD 55.75 a barrel at 0245 GMT, while US West Texas Intermediate crude was unchanged at USD 53.40. Both contracts earlier rose slightly in quiet trading.
Feb 16, 2017 at 09:05 | Source: Reuters
The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed to cut output by almost 1.8 million barrels per day (bpd) during the first half of 2017, and estimates suggest compliance by OPEC is around 90 percent.