Brent

Brent crude futures rose 28 cents, or 0.42%, to $66.96 a barrel by 0118 GMT while U.S. West Texas Intermediate crude was at $62.88 a barrel, up 20 cents, or 0.32%

A resilient, well-supplied oil market is less reactive to geopolitical tensions: Experts

Given ample supplies and low demand, the market looks for real impact on supplies for cues rather than offer knee-jerk responses to perceived threats, experts say.

Sinking oil prices to reduce India’s import bill, moderate inflationary pressure: Experts

Lower crude oil prices would give state-run oil marketing companies the headroom to cut retail fuel prices, left unchanged despite sinking oil prices. The OMCs have cited high volatility in crude oil prices in keeping pump prices unchanged.

Oil tumbles over 2% as Trump's sweeping tariffs expected to weigh on demand

The benchmark Brent was trading at $73.13 a barrel, 2.43 percent (or $1.82) lower than the previous day’s close

Yearender: Crude oil prices driven by geopolitical tensions, demand from China

Oil demand growth in the next year to be likely in line with the tepid increase seen in 2024.

What to expect from OPEC+’s Dec 5 meeting on output cuts for 2025

With crude oil prices largely trading below $75 a barrel in the second-half of 2024, OPEC is likely to further delay the planned phase-out of the oil supply cuts by three months (or the first quarter of calendar year 2025) to support prices.

Goldman Sachs warns oil prices could soar by $20 amid Iranian production concerns: Report

If Israel targets Iran’s oil infrastructure, approximately 4% of the world’s oil supply could be at risk. Analysts are particularly concerned about Kharg Island, which is responsible for 90% of Iran's crude exports.

Middle East conflict will have no significant effect on the economy in short term; could spell trouble if war is prolonged: Economists

Forex reserves are expected to protect India from immediate shocks, but escalation of war could impact trade and oil prices.

Oil surges on signs Iran is preparing to launch attack on Israel; Brent above $73

West Texas Intermediate advanced about 3% to top $70 a barrel after earlier slumping as much as 2.7%.

Crude oil volatile for OMCs to take decision on fuel price cut: Oil ministry source

At home, retail fuel prices are determined by the state-run OMCs based on international oil prices as India is dependent on imports for around 87 percent of its crude requirements.

Oil steady as investors weigh weak demand, potential delay to OPEC+ output hike

But an end to a dispute halting Libyan exports and soft Chinese demand culminating in oil hitting multi-month lows drove the group to reconsider.

Oil hovers at 8-month lows as US recession fears offset Mideast tensions

Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel by 0035 GMT, while U.S. West Texas Intermediate crude futures were at $73.39 a barrel, down 13 cents, or 0.2%.

Oil prices rebound amid rising Middle East tensions, despite demand concerns

OPEC+ ministers are scheduled to hold an online Joint Ministerial Monitoring Committee (JMMC) meeting on August 1.

Oil edges up on strong US GDP data but Asia economic woes limit gains

Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT. U.S. West Texas Intermediate crude for September increased 4 cents to $78.32 per barrel.

Oil prices ease on concerns over weak China demand, Middle east ceasefire talks

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel by 0129 GMT. U.S. West Texas Intermediate crude for September slid 33 cents, or 0.4%, to $77.26 per barrel.

Oil prices rise as US crude and fuel inventories seen shrinking

Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.

Oil prices fall on predictions of swelling crude inventories, weak demand

Brent crude futures for September fell 9 cents to $82.31 a barrel by 0005 GMT. U.S. West Texas Intermediate crude for September declined 10 cents to $78.30 per barrel.

Oil prices rise as investors look for signs US rate cuts to begin

Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel by 0035 GMT, and U.S. West Texas Intermediate crude futures rose 42 cents, or 0.52%, to $80.55.

Oil drops on weak sentiment, set for weekly decline

Brent crude prices fell by 51 cents, or 0.6%, to $84.50 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 72 cents, or 0.9%, to $82.10 a barrel.

Oil prices rise on bigger-than-expected drop in US crude stocks

Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16.

Oil prices steady as slowing demand offsets tightening supply

Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel by 0010 GMT. U.S. West Texas Intermediate crude futures were also 11 cents, or 0.1%, lower at $80.65 a barrel.

Oil extends losses as dollar strengthens following Donald Trump attack

Brent crude futures fell 55 cents, or 0.7%, to $84.48 a barrel by 0109 GMT after settling down 37 cents on Friday.

Oil rises on cooling US inflation, strong summer demand

Brent crude futures rose 37 cents, or 0.4%, to $85.77 a barrel by 0031 GMT. U.S. West Texas Intermediate crude futures rose 50 cents, or 0.6%, to $83.12 a barrel.

Oil prices tick up as crude, gasoline inventories ease

Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel.

Oil rebounds as US stockpiles drop, interest rate cut outlook brightens

Brent futures rose 21 cents to $84.87 a barrel by 0055 GMT, after falling 1.3% in the previous session.