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  • 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.

  • 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.

  • Oil slips on surprise rise in US crude stocks Jan 21, 2021 08:26 AM IST

    Oil slips on surprise rise in US crude stocks

    U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.

  • Oil rise on hopes of US stimulus and crude stocks drawdown Jan 20, 2021 11:35 AM IST

    Oil rise on hopes of US stimulus and crude stocks drawdown

    U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday.

  • Oil mixed as Chinese lockdowns raise demand questions Jan 15, 2021 08:21 AM IST

    Oil mixed as Chinese lockdowns raise demand questions

    Brent was down 3 cents at $56.69 by 0133 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was up 12 cents at $53.69 a barrel, having risen more than 1% the previous session.

  • Oil prices dip on rise in virus cases; US stock draw checks losses Jan 14, 2021 07:26 AM IST

    Oil prices dip on rise in virus cases; US stock draw checks losses

    Brent crude oil futures dipped 5 cents, or 0.1%, to $56.01 a barrel by 0124 GMT, while U.S. West Texas Intermediate (WTI) fell by 1 cent to $52.90 a barrel.

  • Oil prices sapped by rising virus cases; anticipated drop in US inventory stems losses Jan 12, 2021 08:35 AM IST

    Oil prices sapped by rising virus cases; anticipated drop in US inventory stems losses

    After falling on Monday, Brent crude oil futures slipped by 9 cents, or 0.2%, to $55.57 a barrel by 0135 GMT while U.S. West Texas Intermediate (WTI) fell by 8 cents, or 0.2%, to $52.17 a barrel.

  • Oil prices fall on renewed coronavirus concerns as China cases mount Jan 11, 2021 07:42 AM IST

    Oil prices fall on renewed coronavirus concerns as China cases mount

    Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose in the previous four sessions.

  • Oil hovers near 11-month highs, sustained by Saudi output cuts pledge Jan 08, 2021 07:51 AM IST

    Oil hovers near 11-month highs, sustained by Saudi output cuts pledge

    Brent crude climbed 2 cents to $54.40 a barrel by 0122 GMT, after closing slightly higher the previous day. It touched $54.90 on Thursday, the highest since February.

  • Oil steady after US Capitol drama; tighter supplies in focus Jan 07, 2021 07:43 AM IST

    Oil steady after US Capitol drama; tighter supplies in focus

    Brent crude was up 8 cents at $54.38 a barrel by 0125 GMT, after gaining 1.3% overnight. U.S. West Texas Intermediate (WTI) gained 11 cents to $50.74, having slipped earlier in the Asian session. The contract rose 1.4% on Wednesday.

  • Brent oil rises to highest since February after Saudi Arabia output cut Jan 06, 2021 08:01 AM IST

    Brent oil rises to highest since February after Saudi Arabia output cut

    Brent crude rose as much as 0.6% to $53.94 a barrel, the highest since Feb. 26, 2020. It was at $53.79 a barrel at 0147 GMT and gained 4.9% on Tuesday.

  • Oil little changed as investors await OPEC+ decision Jan 05, 2021 08:32 AM IST

    Oil little changed as investors await OPEC+ decision

    Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February was at $47.74 a barrel, up 12 cents, or 0.3%.

  • Oil – How slippery will the path be in 2021? Jan 04, 2021 02:41 PM IST

    Oil – How slippery will the path be in 2021?

    Several factors could play a push and pull for crude prices in 2021 and must be watched for

  • Oil set for 20% drop in 2020 as lockdowns weigh Dec 31, 2020 07:24 AM IST

    Oil set for 20% drop in 2020 as lockdowns weigh

    On Thursday, the last trading day of 2020, Brent was trading down 18 cents, or 0.4%, at $51.45 a barrel, as of 0136 GMT and U.S. West Texas Intermediate (WTI) lost 0.1%, or 5 cents, to $48.35 a barrel.

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