May 21, 2020 07:20 AM IST
Brent crude futures for July delivery were trading up 17 cents, or 0.5%, at $35.92 per barrel at 0024 GMT. U.S. West Texas Intermediate (WTI) crude futures for July were up 4 cents, or 0.1%, at $33.53 a barrel.
- May 18, 2020 07:50 AM IST
Brent crude climbed $1.34, or 4.1%, to $33.84 a barrel by 1244 GMT, after touching a high since April 13. U.S. West Texas Intermediate crude was up $1.40, or 4.8%, at $30.83 a barrel, the highest in nine weeks or since March 16.
- May 18, 2020 07:40 AM IST
The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the U.S. benchmark WTI contract plunged to minus $38 a barrel.
- May 15, 2020 07:05 AM IST
Brent crude was up 1 cent at $31.13 a barrel by 0115 GMT, after rising nearly 7% on Thursday. The global benchmark is roughly flat on the week after rising for the previous two weeks.
- May 14, 2020 08:02 AM IST
Brent crude futures rose 6 cents, or 0.2%, to $29.25 per barrel at 0045 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3%, to $25.37 a barrel.
- May 13, 2020 07:10 AM IST
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after OPEC's biggest producer said earlier this week it planned to add to cut again.
- May 12, 2020 07:47 AM IST
Brent crude futures climbed to a high of $30.11 a barrel and were up 0.9%, or 28 cents, at $29.91 at 0021 GMT, clawing back some of the previous session's losses. The benchmark fell $1.34 on Monday.
- May 11, 2020 07:47 AM IST
Brent crude futures were down 73 cents, or 2.4%, at $30.24 a barrel by 0114 GMT, while U.S. West Texas Intermediate crude futures fell 81 cents, or 3.3%, to $23.93 a barrel.
- May 08, 2020 08:20 AM IST
Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday.
- May 07, 2020 07:20 AM IST
Brent crude was up by 12 cents, or 0.4%, to $29.84 a barrel 0044 GMT, after falling earlier in the Asian session and dropping 4% on Wednesday.
- May 06, 2020 07:26 AM IST
Futures on major U.S. and Hong Kong stock indexes were up following gains in a global stock index and an oil price surge of as much as 25%.
- May 05, 2020 08:50 AM IST
West Texas Intermediate (WTI) crude futures rose as much as 8.2% to a three-week high of $22.06 and were up 7.6%, or $1.55, at $21.94 at 0108 GMT. The U.S. benchmark is on a five-day win streak that started on April 29.
- May 01, 2020 02:20 PM IST
The global oil benchmark, Brent crude, has collapsed 60 percent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and OPEC and other producers pumped at will before reaching a new supply cut deal which began on Friday.
- May 01, 2020 07:22 AM IST
Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT. Brent gained 12% on Thursday.
- Apr 30, 2020 07:47 AM IST
West Texas Intermediate (WTI) crude futures climbed to a high of $16.25 a barrel and were up 7.2%, or $1.08, at $16.14 at 0147 GMT. The U.S. benchmark surged 22% on Wednesday.
- Apr 29, 2020 08:28 AM IST
The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday. At the start of the year, the price was around $60.
- Apr 29, 2020 07:10 AM IST
U.S. West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8%, or $1.09, at $13.43 at 0038 GMT, paring a 27% plunge over the first two days of this week.
- Apr 28, 2020 07:00 AM IST
U.S. West Texas Intermediate (WTI) crude futures dropped by as much as 7.1% and were off 6%, or 77 cents, at $12.01 a barrel as of 0110 GMT. WTI plunged 25% on Monday.
- Apr 27, 2020 10:15 AM IST
U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017, while floating crude oil storage has hit an all-time high of 160 million barrels.
- Apr 27, 2020 06:40 AM IST
Trading was extremely volatile last week, in an extension of the selling that has dominated trading since early March as demand collapsed 30% due to the pandemic. Global production cuts have not kept pace with the collapse in demand.
- Apr 23, 2020 09:30 AM IST
U.S. West Texas Intermediate (WTI) futures were up 28 cents, or more than 2%, at $14.06 a barrel, having risen around a fifth in the previous session. U.S. crude futures fell to below minus $40 on Monday on concerns that buyers were running out of storage space to take deliveries.
- Apr 22, 2020 01:32 PM IST
This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies as space to store excess oil ran out and as stay-home measures to curb the spread of the virus slashed fuel demand.
- Apr 22, 2020 10:19 AM IST
“The fundamental issue (behind the oil price crash) is that there is oversupply and a lower demand than what the supply is trying to face.”
- Apr 22, 2020 07:27 AM IST
After falling into negative territory for the first time in history amid record trading volumes, U.S. crude futures rose 20% as contracts for May delivery expired and the June contract became the front month.
- Apr 21, 2020 12:32 PM IST
India is raising its crude oil storage capacity to equivalent of 87 days of demand, which include 67 days’ worth of commercial stocks held by refineries