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  • Oil prices rebound, but fuel demand concerns cap gains Aug 03, 2021 07:56 AM IST

    Oil prices rebound, but fuel demand concerns cap gains

    Brent crude oil futures rose 24 cents, or 0.3%,to $73.13 a barrel, as of 0125 GMT. U.S. West Texas Intermediate (WTI) crude added 26 cents, or 0.4%, to $71.52 a barrel.

  • Oil prices slide on worries over China economy and higher crude output Aug 02, 2021 08:17 AM IST

    Oil prices slide on worries over China economy and higher crude output

    Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to $73.26 a barrel.

  • Oil falls but heads for strong weekly gain on demand growth Jul 30, 2021 08:02 AM IST

    Oil falls but heads for strong weekly gain on demand growth

    Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel, whittling down a 1.7% rise from Thursday.

  • Oil prices slip but remain near $75 after large inventory drawdown Jul 29, 2021 07:28 AM IST

    Oil prices slip but remain near $75 after large inventory drawdown

    Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while U.S. West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a barrel.

  • Oil inches up as tight supply, vaccinations outweigh virus concerns Jul 27, 2021 07:53 AM IST

    Oil inches up as tight supply, vaccinations outweigh virus concerns

    Brent crude futures climbed 13 cents, or 0.2%, to $74.63 a barrel at 0128 GMT, extending a 0.5% gain on Monday.

  • Oil prices little changed, coronavirus, floods threaten demand Jul 26, 2021 08:26 AM IST

    Oil prices little changed, coronavirus, floods threaten demand

    Brent crude futures for September fell 3 cents to $74.07 a barrel by 0153 GMT while U.S. Texas Intermediate crude was at $71.99 a barrel, down 8 cents.

  • Oil slips but heads for steady week on supply tightness Jul 23, 2021 08:18 AM IST

    Oil slips but heads for steady week on supply tightness

    Brent crude futures fell 7 cents, or 0.1%, to $73.72 a barrel at 0147 GMT, after jumping 2.2% on Thursday. For the week, Brent was headed for a 0.1% gain.

  • Oil prices keep overnight gains as demand hopes offset US stock build Jul 22, 2021 07:36 AM IST

    Oil prices keep overnight gains as demand hopes offset US stock build

    Brent crude slipped 21 cents, or 0.3%, to $72.02 a barrel at 0133 GMT, after rising 4.2% in the previous session. U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $70.12 a barrel, after rising 4.6% on Wednesday.

  • Will the OPEC+ deal halt surging oil prices? Jul 20, 2021 11:48 AM IST

    Will the OPEC+ deal halt surging oil prices?

    OPEC+ reached a new agreement, but demand supply gap will dictate the crude prices

  • Oil steadies after rout on rising COVID-19 cases, OPEC+ supply deal Jul 20, 2021 07:43 AM IST

    Oil steadies after rout on rising COVID-19 cases, OPEC+ supply deal

    Brent crude gained 38 cents, or 0.6%, to $69.00 a barrel by 0058 GMT. The U.S. crude contract for August delivery, which expires later on Tuesday, was up 49 cents, or 0.7%, at $66.91 a barrel. U.S. crude for September delivery was up around 1% at $66.99 a barrel.

  • Oil falls more than 1% after OPEC+ agrees to boost supply Jul 19, 2021 07:40 AM IST

    Oil falls more than 1% after OPEC+ agrees to boost supply

    Brent crude was down $1, or 1.4%, at $72.59 a barrel by 0037 GMT, after falling nearly 3% last week. U.S. oil was down 94 cents, or 1.3%, at $70.87 a barrel, having declined almost 4% last week.

  • Oil prices extend losses as investors brace for more supplies Jul 15, 2021 07:30 AM IST

    Oil prices extend losses as investors brace for more supplies

    Brent crude futures for September dropped 44 cents, or 0.6%, to $74.32 a barrel by 0053 GMT while U.S. West Texas Intermediate (WTI) crude for August was at $72.61 a barrel, down 52 cents, or 0.7%.

  • OPEC+ impasse risks price war as demand surges, says IEA Jul 13, 2021 02:34 PM IST

    OPEC+ impasse risks price war as demand surges, says IEA

    "The possibility of a market share battle, even if remote, is hanging over markets, as is the potential for high fuel prices to stoke inflation and damage a fragile economic recovery," the Paris-based agency said.

  • Oil rises on expectations of US crude stocks falling Jul 13, 2021 07:55 AM IST

    Oil rises on expectations of US crude stocks falling

    Brent crude for September climbed 25 cents, or 0.3per cent, to US$75.41 a barrel by 0036 GMT, after losing 0.5per cent on Monday. U.S. West Texas Intermediate crude for August was at US$74.33 a barrel, up 23 cents, or 0.3per cent, having fallen 0.6per cent the previous day.

  • Oil prices slip as economic worries offset tightening supplies Jul 12, 2021 10:52 AM IST

    Oil prices slip as economic worries offset tightening supplies

    Brent crude LCOc1 for September fell 15 cents, or 0.2%, to $75.40 a barrel by 0411 GMT while U.S. West Texas Intermediate crude CLc1 for August was at $74.44 a barrel, down 12 cents, or 0.2%.

  • Oil mixed as US inventories draw offset by OPEC+ standoff Jul 09, 2021 08:19 AM IST

    Oil mixed as US inventories draw offset by OPEC+ standoff

    Brent crude oil futures were down 9 cents, or 0.1%, at $74.03 a barrel by 0140 GMT. U.S. West Texas Intermediate futures were up 1 cent at $72.95 a barrel.

  • Oil steadies after tumble as market awaits OPEC+ clarity Jul 07, 2021 07:54 AM IST

    Oil steadies after tumble as market awaits OPEC+ clarity

    Brent crude was up 3 cents at $74.56 a barrel by 0115 GMT, after slumping more than 3% on Tuesday. U.S. oil was up 7 cents at $73.44 a barrel, having declined by more than 2% in the previous session.

  • Oil rises further on hopes of tighter supply as OPEC+ talks abandoned Jul 06, 2021 07:45 AM IST

    Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

    Brent crude was up 7 cents, or 0.1%, at $77.23 a barrel by 0052 GMT, after gaining 1.3% on Monday.

  • Oil steady after OPEC+ delays meeting on supply decision Jul 02, 2021 07:57 AM IST

    Oil steady after OPEC+ delays meeting on supply decision

    U.S. West Texas Intermediate (WTI) crude futures were up 5 cents at $75.28 a barrel at 0155 GMT, having jumped 2.4% on Thursday to close at their highest since October 2018.

  • Oil drifts sideways ahead of OPEC+ meeting Jul 01, 2021 07:23 AM IST

    Oil drifts sideways ahead of OPEC+ meeting

    Brent crude for September edged up 1 cent to $74.63 a barrel by 0048 GMT while the U.S. West Texas Intermediate crude for August was at $73.46 a barrel, down 1 cent but near its highest since 2018 of $74.45.

  • Oil prices climb for second day after US stockpiles fall Jun 30, 2021 07:34 AM IST

    Oil prices climb for second day after US stockpiles fall

    Brent crude was 42 cents, or 0.6% at $75.16 a barrel by 0122 GMT, after edging higher on Tuesday. U.S. crude was up 53 cents, or 0.7% at $73.51 a barrel, having risen 0.1% in the previous session.

  • Oil falls as flare-ups of COVID-19 variant threaten fuel demand Jun 29, 2021 07:24 AM IST

    Oil falls as flare-ups of COVID-19 variant threaten fuel demand

    U.S. West Texas Intermediate (WTI) crude futures fell 14 cents, or 0.2%, to $72.77 a barrel at 0045 GMT, extending a 1.5% loss on Monday.

  • India's crude steel output grows 46.9% to 9.2 million tonnes in May: Worldsteel Jun 27, 2021 12:51 PM IST

    India's crude steel output grows 46.9% to 9.2 million tonnes in May: Worldsteel

    The country had produced 5.8 MT steel in the same month a year ago.

  • Oil resumes climb on large US oil stocks drawdown Jun 23, 2021 08:32 AM IST

    Oil resumes climb on large US oil stocks drawdown

    U.S. West Texas Intermediate (WTI) crude futures jumped 33 cents, or 0.5%, to $73.18 a barrel at 0217 GMT, after falling 60 cents on Tuesday.

  • China cuts second batch of crude oil import quotas for private refiners Jun 22, 2021 08:30 AM IST

    China cuts second batch of crude oil import quotas for private refiners

    The sharp decline comes after a recent crackdown on trading of such quotas as Beijing works to consolidate its bloated refining industry and reduce emissions.

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