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  • Oil edges up on weak dollar; investors weigh rising supplies, demand outlook Apr 09, 2021 08:03 AM IST

    Oil edges up on weak dollar; investors weigh rising supplies, demand outlook

    Brent crude futures for June climbed 7 cents, or 0.1%, to $63.27 a barrel by 0106 GMT while U.S. West Texas Intermediate (WTI) crude for May was at $59.77 a barrel, up 17 cents, or 0.3%.

  • Oil prices rise on stronger economic outlook, US stockpile draw Apr 07, 2021 07:28 AM IST

    Oil prices rise on stronger economic outlook, US stockpile draw

    Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.

  • Oil prices dip after OPEC+ agree to ease output cuts Apr 05, 2021 10:21 AM IST

    Oil prices dip after OPEC+ agree to ease output cuts

    Brent crude futures for June fell 33 cents, or 0.5%, to $64.53 a barrel by 0206 GMT while U.S. West Texas Intermediate crude for May was at $61.20 a barrel, down 25 cents, or 0.4%.

  • Oil gains ahead of OPEC+ meeting on output policy Apr 01, 2021 08:57 AM IST

    Oil gains ahead of OPEC+ meeting on output policy

    Brent crude for June delivery was up by 31 cents, or 0.5%, at $63.05 a barrel by 0159 GMT after falling 2.2% overnight. U.S. oil was up 38 cents, or 0.6%, at $59.54 a barrel, having dropped 2.3% on Wednesday.

  • Oil rises on expectations OPEC+ will maintain supply discipline Mar 31, 2021 07:47 AM IST

    Oil rises on expectations OPEC+ will maintain supply discipline

    Brent crude futures rose 15 cents, or 0.2%, to $64.29 a barrel at 0202 GMT, after falling 1.3% on Tuesday.

  • Oil slumps as Suez Canal container ship starts to move Mar 29, 2021 01:14 PM IST

    Oil slumps as Suez Canal container ship starts to move

    Brent oil was down $1.19, or 1.8%, at $63.38 a barrel by 0658 GMT. U.S. crude fell $1.34, or 2.2%, to $59.63 a barrel.

  • Oil rises on bargain-hunting but oversupply fears cap gains Mar 24, 2021 08:13 AM IST

    Oil rises on bargain-hunting but oversupply fears cap gains

    Brent crude futures rose 27 cents, or 0.4%, to $61.06 a barrel by 0108 GMT, after tumbling 5.9% and hitting a low of $60.50 the previous day.

  • Oil falls as European lockdowns douse recovery hopes Mar 22, 2021 07:42 AM IST

    Oil falls as European lockdowns douse recovery hopes

    Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 0136 GMT. U.S. oil was off by 68 cents, or 1.1%, at $60.74 a barrel. Both contracts fell by more than 6% last week.

  • Oil drops as rising stockpiles compound COVID-19 demand concerns Mar 16, 2021 11:24 AM IST

    Oil drops as rising stockpiles compound COVID-19 demand concerns

    Brent crude was down 49 cents, or 0.7%, at $68.39 by 0433 GMT, having dropped 0.5% on Monday. U.S. crude was down 47 cents, or 0.7%, at $64.92 a barrel, after declining 0.3% in the previous session.

  • Brent crude heads toward $70 as China energy demand outlook brightens Mar 15, 2021 10:56 AM IST

    Brent crude heads toward $70 as China energy demand outlook brightens

    Brent crude futures for May gained 47 cents, or 0.7%, to $69.69 a barrel by 0438 GMT while U.S. West Texas Intermediate crude for April was at $66.10 a barrel, up 49 cents, or 0.8%.

  • Oil extends losses on worry over possible supply increase from OPEC Mar 02, 2021 07:45 AM IST

    Oil extends losses on worry over possible supply increase from OPEC

    Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel by 0138 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude slid 74 cents, or 1.2%, to $59.90 a barrel, having lost 1.4% on Monday.

  • Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates Feb 25, 2021 10:55 AM IST

    Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates

    Brent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.

  • Oil gains as US production slowly returns after freeze Feb 22, 2021 07:48 AM IST

    Oil gains as US production slowly returns after freeze

    Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.

  • Oil prices extend gains as Texas cold snap cuts US output Feb 18, 2021 08:29 AM IST

    Oil prices extend gains as Texas cold snap cuts US output

    Brent crude climbed 93 cents, or 1.5%, to $65.27 a barrel by 0219 GMT, touching its highest since Jan. 20, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 76 cents, or 1.2%, to $61.90 a barrel, registering its highest since Jan. 8, 2020.

  • Oil rises on fears of heightened tensions in Middle East Feb 15, 2021 07:46 AM IST

    Oil rises on fears of heightened tensions in Middle East

    Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week.

  • Oil drops after strong rally, demand hopes limit losses Feb 11, 2021 08:50 AM IST

    Oil drops after strong rally, demand hopes limit losses

    Brent crude fell 39 cents, or 0.6%, to $61.08 a barrel, as of 0231 GMT, after touching its highest since January 2020 on Wednesday. U.S. crude slid 35 cents, or 0.6%, to $58.33 a barrel.

  • No proposal to cut taxes on fuel, says petroleum minister Feb 10, 2021 12:10 PM IST

    No proposal to cut taxes on fuel, says petroleum minister

    Petrol and diesel prices hit fresh highs on February 10

  • Why the oil price rise is unsustainable Feb 09, 2021 09:44 AM IST

    Why the oil price rise is unsustainable

    The current rise in oil prices is a short-term blip. The longer-term trends depressing oil prices are intact

  • Brent strikes $60 per barrel as supply cuts, stimulus hopes boost prices Feb 08, 2021 01:19 PM IST

    Brent strikes $60 per barrel as supply cuts, stimulus hopes boost prices

    Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9%.

  • Oil prices rise to highest in a year on US growth optimism, crude supply restraint Feb 05, 2021 08:27 AM IST

    Oil prices rise to highest in a year on US growth optimism, crude supply restraint

    U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.9%, to $56.73 a barrel by 0210 GMT, after touching a high of $56.75, the most since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.

  • Oil climbs after OPEC+ maintains oil output cuts, US stock draw Feb 04, 2021 10:18 AM IST

    Oil climbs after OPEC+ maintains oil output cuts, US stock draw

    Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision.

  • Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants Feb 01, 2021 08:14 AM IST

    Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants

    Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January.

  • Oil falls on demand fears, strengthening dollar Jan 28, 2021 11:31 AM IST

    Oil falls on demand fears, strengthening dollar

    U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday's gain.

  • Oil prices edge lower amid doubts over US stimulus, rising coronavirus cases Jan 26, 2021 08:06 AM IST

    Oil prices edge lower amid doubts over US stimulus, rising coronavirus cases

    Brent crude was down 15 cents at $55.73 by 0135 GMT, having risen nearly 1% on Monday. U.S. crude was also lower, dropping 5 cents to $52.72, after declining 1% in the previous session.

  • Oil drops as new COVID cases in China trigger clampdowns Jan 22, 2021 07:57 AM IST

    Oil drops as new COVID cases in China trigger clampdowns

    U.S. West Texas Intermediate (WTI) crude futures dropped 47 cents, or 0.9%, to $52.66 a barrel at 0148 GMT, after slipping 18 cents on Thursday.

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