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  • Oil prices edge up on hopes for US-China trade breakthrough Feb 14, 2019 07:55 AM IST

    Oil prices edge up on hopes for US-China trade breakthrough

    U.S. West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlement. They closed up 1.5 percent on Wednesday, having touched their highest since Feb. 5 at $54.60 a barrel.

  • Oil edges up amid OPEC cuts, US sanctions on Iran and Venezuela Feb 12, 2019 07:26 AM IST

    Oil edges up amid OPEC cuts, US sanctions on Iran and Venezuela

    U.S. West Texas Intermediate (WTI) crude oil futures were at $52.60 per barrel at 0043 GMT, up 19 cents, or 0.4 percent, from their last close.

  • Oil prices fall on rising US rig count, Illinois refinery fire Feb 11, 2019 09:00 AM IST

    Oil prices fall on rising US rig count, Illinois refinery fire

    US West Texas Intermediate (WTI) crude futures were at $51.92 per barrel at 0144 GMT, down 80 cents, or 1.5 percent, from their last settlement.

  • Oil prices squeezed by economy concerns, but OPEC output cuts provide support Feb 08, 2019 07:35 AM IST

    Oil prices squeezed by economy concerns, but OPEC output cuts provide support

    U.S. West Texas Intermediate (WTI) crude futures were at $52.61 per barrel at 0046 GMT, down 3 cents from their last settlement. WTI dropped by around 2.5 percent the previous session.

  • Oil ticks higher, market eyes US State of the Union address Feb 06, 2019 09:52 AM IST

    Oil ticks higher, market eyes US State of the Union address

    US West Texas Intermediate (WTI) crude futures were at $53.74 per barrel at 0153 GMT, up 8 cents from their last settlement. They closed down 1.7 percent on Tuesday.

  • First cut | HPCL Q3 review: High inventory losses weigh down profits Feb 05, 2019 07:09 PM IST

    First cut | HPCL Q3 review: High inventory losses weigh down profits

    Gross refining margins (GRMs) saw a dip that was much in line with the global contraction, with substantial inventory losses also having impacted the company's profits.

  • US oil prices edge up on tightening global supply Feb 05, 2019 08:02 AM IST

    US oil prices edge up on tightening global supply

    U.S. West Texas Intermediate (WTI) crude futures were at $54.73 per barrel at 0020 GMT, up 16 cents from their last settlement. They closed down 1.3 percent on Monday, after earlier touching their highest since Nov. 21 at $55.75 a barrel.

  • Oil prices to remain range-bound between $55-65 per barrel Jan 28, 2019 09:15 PM IST

    Oil prices to remain range-bound between $55-65 per barrel

    "The crude price to remain range bound at USD 55-65 per barrel, driven by a rise in supply from the US, which would be offset, to some extent, by the recent production cut announced by the Organisation of the Petroleum Exporting Countries (OPEC), the continued debt crisis in Venezuela and the limited clarity on the sanctions imposed on Iran," the ratings agency India Ratings said on Monday.

  • Indian rupee up 7 paise against USD on easing crude prices Jan 28, 2019 06:14 PM IST

    Indian rupee up 7 paise against USD on easing crude prices

    Also, fresh foreign fund inflows propped up the rupee. However, heavy selling in domestic equity market capped the gains of the local unit to some extent.

  • Crude oil prices to slowly gather pace on improving fundamentals Jan 19, 2019 12:09 PM IST

    Crude oil prices to slowly gather pace on improving fundamentals

    OPEC's strong efforts is a strong positive for the oil prices to stabilize. Also, looking at efforts for resolution of US-China trade war, Nymex crude oil prices should be moving towards levels of $55-$57/bbl.

  • Before start of new oil pact, OPEC makes progress in averting glut Jan 17, 2019 05:22 PM IST

    Before start of new oil pact, OPEC makes progress in averting glut

    In a monthly report, the Organization of the Petroleum Exporting Countries said its oil output fell by 751,000 barrels per day (bpd), month on month, to 31.58 million bpd in December, due to cutbacks led by Saudi Arabia, Libya and Iran.

  • 'Prefer gold over silver in 2019 for similar returns with less volatility' Jan 16, 2019 09:48 AM IST

    'Prefer gold over silver in 2019 for similar returns with less volatility'

    Gold is principally a hedge against inflation and a safe haven during times of turbulence in markets. Entering at current prices can give good returns in an uncertain 2019

  • Inventory loss to eat into profits of downstream oil companies Jan 10, 2019 03:29 PM IST

    Inventory loss to eat into profits of downstream oil companies

  • Oil prices surge on hopes of successful US-China trade talks Jan 09, 2019 11:06 AM IST

    Oil prices surge on hopes of successful US-China trade talks

    U.S. West Texas Intermediate (WTI) crude oil futures were at $50.29 per barrel as at 0131, up 51 cents, or 1 percent from their last settlement. It was the first time this year that WTI has topped $50 a barrel.

  • Crude can be rude shocker for economy: RBI economists Jan 06, 2019 10:30 AM IST

    Crude can be rude shocker for economy: RBI economists

    The international crude prices increased by around 12 percent between April and September 2018

  • Editor's Take | Post default, will Naresh Goyal cede control of Jet Airways? Jan 04, 2019 04:31 PM IST

    Editor's Take | Post default, will Naresh Goyal cede control of Jet Airways?

    For an airline that loses around Rs 14 crore a day, Jet Airways faces an uphill task to raise capital and skirt insolvency proceedings.

  • Quick Take | An out of step rupee-crude movement suggests a weakening economy Dec 28, 2018 11:13 AM IST

    Quick Take | An out of step rupee-crude movement suggests a weakening economy

    Oil is now below the $50 mark, a fall of over 30 percent but the rupee has corrected by only 5.7 percent from its peak. So why is the rupee not gaining in strength despite the sharp fall in oil prices?

  • US oil prices extend gains as equities rise, but economic worries weigh Dec 27, 2018 07:47 AM IST

    US oil prices extend gains as equities rise, but economic worries weigh

    US West Texas Intermediate (WTI) crude futures , were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session.

  • US oil prices rebound after tumbling to lowest since June 2017 on economy fears Dec 26, 2018 09:52 AM IST

    US oil prices rebound after tumbling to lowest since June 2017 on economy fears

    US West Texas Intermediate (WTI) crude futures, were up 29 cents, or 0.68 percent, at $42.82 per barrel, at 0355 GMT, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel - the lowest since June 2017.

  • OPEC to release country quotas for oil output cut: Document Dec 20, 2018 03:26 PM IST

    OPEC to release country quotas for oil output cut: Document

    Mohammad Barkindo said to reach the proposed cut of 1.2 million barrels per day, the effective reduction for member countries was 3.02 percent.

  • ONGC to consider listing OVL, making provisions for buyback Dec 20, 2018 02:16 PM IST

    ONGC to consider listing OVL, making provisions for buyback

  • Oil drops 4% on oversupply, equities sell-off Dec 18, 2018 03:06 PM IST

    Oil drops 4% on oversupply, equities sell-off

    U.S. crude oil fell $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering to around $48.10 by 0920 GMT.

  • IOCL, ONGC buyback: Stocks rally, but is it really time to rejoice? Dec 17, 2018 03:41 PM IST

    IOCL, ONGC buyback: Stocks rally, but is it really time to rejoice?

    After the failure of some strategic share sales (like that of Air India) due to various reasons, the buyback route is being seen as a tool for the government to meet its annual divestment target

  • Oil steady but oversupply, economic growth weigh Dec 17, 2018 03:32 PM IST

    Oil steady but oversupply, economic growth weigh

    Both benchmarks fell more than 25 percent through October and November as a supply glut inflated global inventories but have stabilised over the last three weeks, trading within fairly narrow ranges as oil producers have promised to cut production.

  • Oil prices climb amid signs of easing US-China trade tensions Dec 13, 2018 10:55 AM IST

    Oil prices climb amid signs of easing US-China trade tensions

    Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although gains were capped after the producer group lowered its 2019 demand forecast.

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