Oct 09, 2015 at 09:57 | Source: PTI
The two main crude contracts hit a six-year low during the April-September quarter owing to a fears about an oversupply, China's economic crisis and expectations for a US interest rate rise.
Oct 07, 2015 at 15:20 | Source: CNBC-TV18
Azlin Ahmad, Editor, Crude Oil at Argus Media says the market had already expected the slump in US September crude production.
Oct 07, 2015 at 11:47 | Source: CNBC-TV18
As far as the upcoming OPEC meet is concerned, David Lennox of Fat Prophets does not see any change in rhetoric. He expects the markets to react more to whatever is happening in the US, including the dollar
Oct 07, 2015 at 09:36 | Source: PTI
A softening of the US currency also helped bolster prices as the dollar-priced commodity becomes cheaper for holders of weaker units, spurring demand, analysts said.
Oct 07, 2015 at 08:04 | Source: Reuters
Global benchmark Brent crude LCOc1 rallied for a third straight day and closed above USD 50 a barrel the first time in a month. In post-settlement trade, it briefly jumped USD 3 after an industry group reported an unexpected weekly drop in US crude stockpiles.
Oct 07, 2015 at 07:56 | Source: Moneycontrol.com
Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting
Oct 06, 2015 at 09:15 | Source: PTI
A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut.
Oct 06, 2015 at 07:54 | Source: PTI
US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close. Brent North Sea crude for November delivery jumped USD 1.38 to stand at USD 49.51 a barrel in late London deals.
Oct 05, 2015 at 12:03 | Source: Reuters
Brent rose 30 cents to USD 48.43 a barrel by 0420 GMT after it finished up 44 cents on Friday, while US crude rose 32 cents to USD 45.86 a barrel after settling up 80 cents, buoyed by news that Russia was ready to meet OPEC, non-OPEC producers for consultations.
Oct 05, 2015 at 09:30 | Source: PTI
A report from Baker Hughes Inc. said the number of active rigs in the United States fell by 26 to 614 last week, the lowest in five years, helping ease concerns over the global crude oversupply that has depressed prices.