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  • Oil prices rally on hopes for US stimulus Mar 25, 2020 10:06 AM IST

    Oil prices rally on hopes for US stimulus

    International benchmark Brent crude was up 2.9 per cent to trade at nearly USD 28 per barrel, while US benchmark West Texas Intermediate rose 3.5 per cent to nearly USD 25 per barrel.

  • Oil prices climb as US ramps up economic support measures Mar 24, 2020 09:55 AM IST

    Oil prices climb as US ramps up economic support measures

    Brent crude oil futures for May delivery rose by 62 cents, or 2.3%, to $27.65 a barrel by 0346 GMT while West Texas Intermediate (WTI) crude futures gained 76 cents, or 3.3%, to $24.12. Both price benchmarks had risen over $1 earlier before pulling back slightly.

  • Crude oil futures rise, but support seen weak Mar 24, 2020 07:22 AM IST

    Crude oil futures rise, but support seen weak

    West Texas Intermediate (WTI) crude futures for May delivery rose $0.67, or 2.9%, to $24.03 as of 2353 GMT, adding to gains on Monday.

  • The crude dynamics for India Mar 23, 2020 09:55 AM IST

    The crude dynamics for India

  • Oil markets slump amid coronavirus chaos Mar 23, 2020 08:30 AM IST

    Oil markets slump amid coronavirus chaos

    Brent crude futures fell $1.09, or 4%, to $25.89 a barrel by 0209 GMT. West Texas Intermediate (WTI) crude futures was down 15 cents, or 0.7%, at $22.48 a barrel.

  • Oil mixed after slipping to lowest since early 2016 amid coronavirus chaos Mar 18, 2020 07:56 AM IST

    Oil mixed after slipping to lowest since early 2016 amid coronavirus chaos

    Brent crude was up 8 cents, or 0.3%, at $28.81 a barrel by 0029 GMT, after falling earlier to $28.40, the lowest since early 2016. The international benchmark fell 4.3% on Tuesday.

  • Oil prices jump $1 as recent sharp falls draw investors Mar 17, 2020 08:15 AM IST

    Oil prices jump $1 as recent sharp falls draw investors

    Brent crude was up by 1.5%, or 46 cents, to $30.51 a barrel by 0206 GMT, after hitting a high of $31.25.

  • Oil slumps again as coronavirus hits demand and price war bites Mar 16, 2020 01:20 PM IST

    Oil slumps again as coronavirus hits demand and price war bites

    Brent crude fell $2.07 to $31.78 a barrel by 0729 GMT, extending last week's plunge of 25%, which was the largest weekly fall since 2008. The front-month price opened at a high of $35.84 but slipped to a low of $31.63.

  • Gold rises after Fed rate cut, but pares gains on cash hunt Mar 16, 2020 09:46 AM IST

    Gold rises after Fed rate cut, but pares gains on cash hunt

    Spot gold was up 0.9% at $1,543.60 per ounce by 0248 GMT, having risen as much as 2.8% earlier. The metal fell 3% on Friday. U.S. gold futures rose 1.8% to $1,544.20 per ounce.

  • Oil falls a third day, Brent crude set for worst week since 1991 Mar 13, 2020 08:00 AM IST

    Oil falls a third day, Brent crude set for worst week since 1991

    Brent crude was down 67 cents, or 2%, at $32.55 a barrel by 0126 GMT after falling more than 7% on Thursday. For the week, Brent is set to fall 28%, the biggest weekly decline since the week of Jan. 18, 1991, when it fell 29% at the outbreak of the first Gulf War.

  • Oil falls sharply as US bans travel from Europe over pandemic Mar 12, 2020 07:55 AM IST

    Oil falls sharply as US bans travel from Europe over pandemic

    The threat of a flood of cheap supply compounded market concerns as Saudi Arabia promised to raise oil output to a record high in a standoff with Russia.

  • Oil rises for second day amid hopes for output cut by US producers Mar 11, 2020 07:39 AM IST

    Oil rises for second day amid hopes for output cut by US producers

    Brent crude futures rose $1.38, or 3.7%, to $38.60 a barrel by 0126 GMT, while U.S. West Texas Intermediate (WTI) crude gained $0.97, or 2.8%, to $35.33 a barrel, following a jump of over 8% the previous day.

  • Oil plunges about 30% after Saudi Arabia slashes prices, opens taps Mar 09, 2020 07:30 AM IST

    Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

    Brent crude futures fell by as much as $14.25, or 31.5%, to $31.02 a barrel. That was the biggest percentage drop since Jan. 17, 1991, at the start of the first Gulf War and the lowest since February 12, 2016. It was trading at $35.75 at 0114 GMT.

  • Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts Mar 06, 2020 08:40 AM IST

    Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts

    Brent crude fell 47 cents, or 0.9%, to $49.52 per barrel by 0223 GMT, while U.S. West Texas Intermediate (WTI) was down 42 cents, or 0.9%, at $45.48 per barrel.

  • Oil traders hit by unexpected slump in gasoil Mar 04, 2020 12:05 PM IST

    Oil traders hit by unexpected slump in gasoil

    The global oil industry expected this year would bring a sharp increase in marine gasoil demand due to new regulations from the International Maritime Organization (IMO) that limited the use of high-sulfur fuel oils beginning in January. Traders expected gasoil demand would spike as it met those regulations, so it could be substituted for higher-sulfur fuels.

  • Oil rises a second day as stimulus hopes, expected OPEC cuts offset virus Mar 03, 2020 08:21 AM IST

    Oil rises a second day as stimulus hopes, expected OPEC cuts offset virus

    Brent crude rose $1.48 per barrel, or 2.5%, to $53.18 per barrel at 0148 GMT. U.S. West Texas Intermediate (WTI) rose $1.33, or 2.8%, to $48.07 a barrel.

  • Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact Mar 02, 2020 07:45 AM IST

    Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact

    Brent crude was at $50.32 a barrel, up 65 cents, or 1.3%, by 0105 GMT, after earlier dropping to $48.40, the lowest since July 2017.

  • Oil prices fall again, on track for biggest weekly drop in over 4 years Feb 28, 2020 09:08 AM IST

    Oil prices fall again, on track for biggest weekly drop in over 4 years

    The virus, which has killed more than 2,700 people in China, has been found in another 46 countries and caused 57 deaths. Investors worry the epidemic could turn into a pandemic and deliver a damaging blow to the global economy.

  • Oil prices dive to lowest in over a year on coronavirus fears Feb 28, 2020 08:03 AM IST

    Oil prices dive to lowest in over a year on coronavirus fears

    Brent crude dropped $1.25, or 2.3%, to settle at $52.18 a barrel, off the session low of $50.97 a barrel, which was the lowest since December 2018. West Texas Intermediate (WTI) futures sank $1.64, or 3.4%, to $47.09, after hitting their lowest level since January 2019.

  • Oil falls for fifth day as coronavirus spreads outside of China Feb 27, 2020 08:30 AM IST

    Oil falls for fifth day as coronavirus spreads outside of China

    Brent crude was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT. The contract earlier fell to its lowest since Jan. 4, 2019. West Texas Intermediate (WTI) futures fell by 80 cents, or 1.6%, to $47.93 a barrel. The contract earlier fell to its lowest since Jan. 2, 2019.

  • Oil bounces as investors hunt bargains; virus fears cap gains Feb 25, 2020 10:30 AM IST

    Oil bounces as investors hunt bargains; virus fears cap gains

    Brent crude rose 29 cents, or 0.5%, to $56.59 a barrel by 0212 GMT, after slipping 3.8% on Monday, the largest single-day price fall since Feb. 3. U.S. crude futures climbed 22 cents, or 0.4%, to $51.65, recovering from a 3.7% drop in the previous session.

  • Oil prices skid on demand concerns as virus spreads globally Feb 24, 2020 08:20 AM IST

    Oil prices skid on demand concerns as virus spreads globally

    Global shares also extended losses as concerns about the impact of the new virus grew, with the number of infections jumping in South Korea, Italy and Iran.

  • US sanctions on Rosneft Trading seen shifting crude flows Feb 20, 2020 09:50 AM IST

    US sanctions on Rosneft Trading seen shifting crude flows

    The United States on Tuesday redoubled efforts to oust Venezuelan President Nicolas Maduro by barring U.S. dealings with Rosneft Trading S.A., a subsidiary of Russia's state oil major Rosneft , which Washington said provides him a financial lifeline. Russia has called the sanctions illegal and said it plans to consider options in reaction.

  • Oil rises on supply worries, while virus-led demand concerns ease Feb 20, 2020 08:45 AM IST

    Oil rises on supply worries, while virus-led demand concerns ease

    Tensions in Libya that have led to a blockade of its ports and oilfields have shown no signs a resolution, while U.S. sanctions on a subsidiary of Russian state oil major Rosneft to cut Venezuelan crude from the market have helped rekindle global oil supply worries.

  • Aramco Trading locks in long-term crude, naphtha supplies Feb 19, 2020 09:21 AM IST

    Aramco Trading locks in long-term crude, naphtha supplies

    ATC inked its first contract to buy Kuwaiti Export Crude (KEC) from KPC this year, three sources with knowledge of the matter said. The company is the trading arm of Saudi Aramco, the state-owned oil company of Saudi Arabia, which is the world's largest oil exporter.

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