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  • Oil falls again as amply global supply seen offsetting Libyan outage Jan 22, 2020 08:35 AM IST

    Oil falls again as amply global supply seen offsetting Libyan outage

    Brent crude was down 13 cents, or 0.2%, at $64.46 a barrel at 0119 GMT, after dropping 0.3% on Tuesday. U.S. oil fell 16 cents, or 0.3%, to $58.22 a barrel, having declined 0.3% the day before.

  • Oil prices ease as supply risk concerns fade Jan 21, 2020 09:17 AM IST

    Oil prices ease as supply risk concerns fade

    Brent crude was trading down 30 cents, or 0.5%, at $64.90 per barrel by 0318 GMT, after rising to their highest in more than a week on Monday. U.S. West Texas Intermediate crude futures were down 14 cents, or 0.2%, at $58.40 a barrel.

  • Oil surges as Libyan pipeline shutdown cripples output Jan 20, 2020 07:57 AM IST

    Oil surges as Libyan pipeline shutdown cripples output

    Brent crude futures were up by 75 cents, or 1.2%, to $65.60 by 0109 GMT, having earlier reached $66.00 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was up by 60 cents, or 1%, at $59.14 a barrel, after rising to $59.73, the highest since Jan. 10.

  • Oil gains after US-China trade deal, rise in inventories Jan 16, 2020 09:25 AM IST

    Oil gains after US-China trade deal, rise in inventories

    Brent was 45 cents, or 0.7%, higher at $64.45 a barrel by 0310 GMT, while U.S. crude was up by 39 cents, or 0.7%, at $58.20 a barrel.

  • Oil prices slip on concerns US-China trade deal may not boost demand Jan 15, 2020 07:57 AM IST

    Oil prices slip on concerns US-China trade deal may not boost demand

    U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the tariffs would remain even as a trade deal is set to be signed on Wednesday. That could temper China's oil demand growth by limiting its access to its second-largest trading partner. Chinese demand has been the main driver of global fuel consumption growth.

  • Oil prices dip as Middle east tensions ease; market eyes trade deal Jan 14, 2020 08:25 AM IST

    Oil prices dip as Middle east tensions ease; market eyes trade deal

    However, the declines were limited by expectations of a drawdown in U.S. crude oil inventories and optimism about the signing of a preliminary trade deal between the U.S. and China, the world's top oil consumers.

  • We want sustainable oil prices: Saudi energy minister Jan 13, 2020 01:42 PM IST

    We want sustainable oil prices: Saudi energy minister

    Prince Abdulaziz bin Salman said it was too early now to talk about whether OPEC and its allies, a group known as OPEC+, would continue with production curbs agreed under a deal that expires in March.

  • Oil dips on easing US-Iran tensions, eyes on China trade deal Jan 13, 2020 09:30 AM IST

    Oil dips on easing US-Iran tensions, eyes on China trade deal

    Brent crude was down 13 cents, or 0.2%, at $64.85 per barrel at 0120 GMT. WTI was also down 9 cents, or 0.2%, at $58.95 a barrel.

  • Oil prices fall further as threat of Middle East war recedes Jan 10, 2020 08:06 AM IST

    Oil prices fall further as threat of Middle East war recedes

    Brent crude was down 14 cents, or 0.2%, at $65.23 at 0119 GMT, after falling more than 4% over the last two days. WTI was also down 14 cents, or 0.2%, at $59.42, after dropping slightly on Thursday and plunging around 5% on Wednesday.

  • Oil edges up after plunge, as market recovers poise Jan 09, 2020 07:57 AM IST

    Oil edges up after plunge, as market recovers poise

    Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on U.S. forces in Iraq on Wednesday, before diving more than 4% when two countries quickly ratcheted back tensions, hitting a three-week low.

  • OPEC secretary general says Iraqi oil facilities secure, production continuing Jan 08, 2020 12:15 PM IST

    OPEC secretary general says Iraqi oil facilities secure, production continuing

    "It's a big relief that the facilities continue to be secured in Iraq, the production is continuing and effective," Barkindo said on the sidelines of a conference in Abu Dhabi.

  • Oil prices spike over 4.5% after Iran attacks Jan 08, 2020 07:50 AM IST

    Oil prices spike over 4.5% after Iran attacks

    The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani.

  • Oil prices on a knife-edge. Which way will they turn? Jan 07, 2020 11:57 AM IST

    Oil prices on a knife-edge. Which way will they turn?

    It boils down to a question of how much supply is disrupted in the Middle East (which accounts for about a third of the world’s crude oil production), how long will the disruptions last and whether this disruption can be offset by other sources

  • US–Iran tensions | Where is crude headed and how will India be affected? Jan 06, 2020 04:57 PM IST

    US–Iran tensions | Where is crude headed and how will India be affected?

  • Petrol prices up 15 paisa, diesel by 17 paisa as crude hits $70 mark Jan 06, 2020 04:08 PM IST

    Petrol prices up 15 paisa, diesel by 17 paisa as crude hits $70 mark

    The retail pump prices of petrol in Delhi rose to Rs 75.69 per litre - the highest since November 2018, while those of diesel climbed to Rs 68.68, according to a price notification of state-owned fuel retailers.

  • 'Expect oil to trade around $60-70/bbl; there's value in select mid & smallcaps' Jan 06, 2020 11:38 AM IST

    'Expect oil to trade around $60-70/bbl; there's value in select mid & smallcaps'

    Arvind Sanger of Geosphere Capital Management said the potential sanctions on Iraq by US is a bigger risk for oil prices.

  • Oil surges again after Donald Trump threatens Iraq sanctions, Iran retaliation Jan 06, 2020 08:40 AM IST

    Oil surges again after Donald Trump threatens Iraq sanctions, Iran retaliation

    Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday's settlement.

  • Oil extends gains on rising Middle east tensions Jan 06, 2020 08:02 AM IST

    Oil extends gains on rising Middle east tensions

    Brent crude futures rose to a high of $69.95 a barrel and were at $69.65 a barrel at 0016 GMT, up $1.05, or 1.5%, from Friday's settlement.

  • Oil prices soar more than 4% after Iranian general killed Jan 03, 2020 08:55 AM IST

    Oil prices soar more than 4% after Iranian general killed

    The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

  • Oil prices jump $1 after US air strike kills Iran, Iraq military personnel Jan 03, 2020 07:52 AM IST

    Oil prices jump $1 after US air strike kills Iran, Iraq military personnel

    Brent crude futures were at $67.48 a barrel, up $1.23, or 1.86%, by 0202 GMT, and West Texas Intermediate (WTI) crude futures rose $1.03, or 1.68%, to $62.21 a barrel.

  • Oil climbs on US-China trade optimism, Middle East tensions Jan 02, 2020 08:08 AM IST

    Oil climbs on US-China trade optimism, Middle East tensions

    Global benchmark Brent crude futures, were up 21 cents, or 0.3%, to 66.21 a barrel by 0130 GMT. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel.

  • Oil prices edge down but set for biggest yearly rise since 2016 Dec 31, 2019 08:36 AM IST

    Oil prices edge down but set for biggest yearly rise since 2016

    Brent crude futures for March delivery, the new front month contract, were down 11 cents, or 0.2%, to 66.56 a barrel by 0158 GMT, while U.S. West Texas Intermediate (WTI) crude for February was down 11 cents, or 0.2%, at $61.57 per barrel. Brent for February delivery closed on Monday at $68.44.

  • Oil steady on trade pact optimism, stock draw; eyes on Middle East Dec 30, 2019 07:52 AM IST

    Oil steady on trade pact optimism, stock draw; eyes on Middle East

    Markets showed little immediate reaction to news of U.S. air strikes in Iraq and Syria against an Iran-backed militia group, even as U.S. officials warned "additional actions" may be taken.

  • Oil declines, but losses limited as US-China near trade deal Dec 23, 2019 10:40 AM IST

    Oil declines, but losses limited as US-China near trade deal

    Brent crude was down 15 cents, or 0.2%, at $65.99 a barrel by 0306 GMT. West Texas Intermediate was also down 15 cents at $60.29 a barrel.

  • Oil prices hold near three-month highs on US-China trade deal progress Dec 20, 2019 08:02 AM IST

    Oil prices hold near three-month highs on US-China trade deal progress

    Brent futures rose 2 cents, or 0.03%, to 66.56 a barrel by 0145 GMT, while U.S. West Texas Intermediate crude was down 9 cents, or 0.15%, at $61.09 per barrel.

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