In an interview to CNBC-TV18, Abhishek Deshpande, Oil Market Analyst at Natixis shared his reading and outlook on crude oil.
Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.
Brent crude futures LCOc1 were trading at USD 46.39 per barrel at 0046 GMT (08:46 p.m. EDT), up 62 cents, or 1.4 percent, from their last settlement. US West Texas Intermediate futures CLc1 were up 63 cents, or 1.5 percent, at USD 43.66 a barrel.
2016 maybe the "year of reckoning" for some OPEC member countries, RBC Capital Markets warned on Tuesday, ahead of the oil cartel's meeting in Vienna this week.
After India's intervention, United Nations has lifted sanctions on an India-flagged oil tanker, which was carrying 6.5 lakh barrel of oil illegally from eastern Libya, controlled by an unrecognised government
The tanker Distya Ameya was added to a list of vessels under sanctions last month after the rival eastern government's parallel oil company attempted to use it to ship a cargo of 650,000 barrels of crude. The UN measure requires states to ban the ship from entering any port around the world.
International benchmark Brent crude futures were trading at USD 45.31 per barrel at 0031 GMT, up 69 cents or 1.6 percent from their last close.
Clinton, 67, stayed out of the political fray during several heated arguments between Republicans and her Democratic allies and remained composed under aggressive questioning from Republican lawmakers.
Google took an uncharacteristically personal approach in announcing the donation drive on its blog. Rather than having an executive make the announcement, Rita Masoud, a Google employee who fled Kabul with her family when she was seven years old, wrote about her personal experience.
The key risks to the price forecast are Iran and Libya returning to the market, says Miswin Mahesh, energy analyst from Barclays.
The company also lowered its expected full-year organic capital spending to below USD 20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.
ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
The company's net profit in the previous fiscal stood at Rs 4,445 crore, the company said in a statement. The revenue fell by 14.63 per cent to Rs 18,491 crore. OVL produced 5.53 million tonnes of crude oil in 2014-15, marginally higher than 5.48 million tonnes a year ago. Gas output was 16.37 per cent higher at 3.34 billion cubic meters.
Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day (17.28 million kilolitres) in April from the same month a year earlier, the Ministry of Finance said on Monday.
US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.
US oil producers appear to have lost their battle with OPEC (Organization of the Petroleum Exporting Countries) over market share, but the war is only just beginning, the International Energy Agency (IEA) warned Wednesday
Oil bulls have pushed prices higher this week, after a rally of between 20 percent and 25 percent in April, despite a continued build in US crude stockpiles and indications that the OPEC cartel will keep production at current high levels at a meeting next month.
A stronger US dollar also weighed on the dollar-denominated commodity, while investors waited for data on US commercial crude oil inventories later this week for more direction.
The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing stronger-than-expected pockets of demand in markets such as Europe, India and the United States.
Senior BJP leader Subramanian Swamy termed the new Rafale fighter jet deal between India and France a case of arbitrariness. Swamy is yet to decide on what action to take over Modi government's decision to purchase 36 aircraft from France.
Talks between Iran and six world powers to settle a dispute around Tehran's nuclear programme extended beyond a Tuesday deadline, as the parties edged towards a deal but failed to agree on crucial details such as the lifting of UN sanctions.
US crude for April delivery fell 79 cents to USD 42.67 a barrel, falling more than USD 1 a barrel in early Asian trade on Wednesday after crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, data from industry group the American Petroleum Institute showed on Tuesday.
Meanwhile, a build in US crude inventories, which rose for a ninth straight week to the highest level at this time of year in more than 80 years, helped to cap gains.
The benchmark closed nearly 4 percent down in the previous session on a rallying US dollar and before an industry group said US crude inventories fell by 404,000 barrels last week. Analysts had expected a 4.4 million barrel build in stocks.
A closely watched report on US weekly crude stockpiles is next due tomorrow, with a Media News survey saying inventories are expected to rise by 3.75 million barrels. US oil stockpiles are already at their highest level on record at this time of year.