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  • Oil rises after dropping below $50 for first time since December Mar 10, 2017 08:17 AM IST

    Oil rises after dropping below $50 for first time since December

    Brent crude was yet to trade. On Thursday, it settled down 92 cents, or 1.7 percent, at USD52.19 a barrel, after slumping 5 percent the day before in its biggest percentage decline in a year.

  • Oil slides below $50 Mar 10, 2017 07:44 AM IST

    Oil slides below $50

    The euro meanwhile rallied briefly against the dollar as the ECB said it no longer saw a deflation threat and would end some of its massive support for the eurozone economy.

  • US oil prices rise supported by OPEC output cut compliance Mar 09, 2017 08:18 AM IST

    US oil prices rise supported by OPEC output cut compliance

    US benchmark West Texas Intermediate (WTI) crude futures climbed 33 cents, or 0.66 percent, to USD 50.61 a barrel at 0032 GMT, after plummeting 5.38 percent to USD 50.28 per barrel in the previous session, hitting the lowest level since December.

  • Crude prices fall on US stocks build Mar 08, 2017 07:51 AM IST

    Crude prices fall on US stocks build

    US West Texas Intermediate (WTI) crude fell 32 cents, or 0.6 percent, to USD 52.82 a barrel as of 0107 GMT, after ending the previous session down 0.1 percent.

  • US oil prices slip on rising shale oil forecasts Mar 07, 2017 08:20 AM IST

    US oil prices slip on rising shale oil forecasts

    US West Texas Intermediate crude slipped 4 cents to USD53.16 a barrel as of 0042 GMT after settling down 13 cents in the previous session.

  • Oil falls on lower China growth targets Mar 06, 2017 11:23 AM IST

    Oil falls on lower China growth targets

    Brent crude futures dropped 20 cents, or 0.4 percent, to USD 55.70 a barrel as of 0459 GMT after settling 1.5 percent higher in the previous session.

  • Oil ticks up after three-day decline, Russian output cuts stall Mar 03, 2017 08:18 AM IST

    Oil ticks up after three-day decline, Russian output cuts stall

    US West Texas Intermediate (WTI) futures gained 10 cents, or 0.2 percent, to USD52.71 a barrel by 0039 GMT after dropping to its lowest since Feb. 9 in the last session. The benchmark Brent crude futures were yet to start trading after falling 2.3 percent on Thursday.

  • Oil falls for third day as US inventories hit record high Mar 02, 2017 02:18 PM IST

    Oil falls for third day as US inventories hit record high

    Crude stockpiles in the United States, the world's top oil consumer, rose by 1.5 million barrels last week, less than forecast, but touching a record at 520.2 million barrels after eight straight weekly builds.

  • Oil drops for second day; market awaits US stocks data Mar 01, 2017 01:26 PM IST

    Oil drops for second day; market awaits US stocks data

    Investors in the oil market are awaiting weekly inventories data from the U.S. Energy Information Administration due at 1530 GMT on Wednesday.

  • Oil ticks up on supply cuts, but rising US output caps gains Feb 27, 2017 09:02 AM IST

    Oil ticks up on supply cuts, but rising US output caps gains

    Brent crude oil climbed 0.2 percent to USD 56.09 a barrel, while US West Texas Intermediate added 0.1 percent to USD 54.04 a barrel.

  • Oil prices fall as US crude inventories rise further Feb 24, 2017 04:18 PM IST

    Oil prices fall as US crude inventories rise further

    U.S. crude stocks rose by 564,000 barrels in the week to Feb. 17, according to the Energy Information Administration (EIA), although the gain was below analysts' expectations for an increase of 3.5 million barrels.

  • US oil holds near 7-week high; OPEC upbeat on output curbs Feb 22, 2017 10:23 AM IST

    US oil holds near 7-week high; OPEC upbeat on output curbs

    The US West Texas Intermediate April crude contract, the new front-month future, was up 18 cents at USD 54.51 a barrel at 0228 GMT. On Tuesday, the March contract expired up 66 cents, or 1.2 percent, at USD 54.06, after peaking at USD 54.68, the highest since January 3.

  • Crude prices rise as investors bet big on oil strength Feb 21, 2017 08:58 AM IST

    Crude prices rise as investors bet big on oil strength

    US West Texas Intermediate crude was up 31 cents, or 0.6 percent, at USd 53.71 a barrel at 0218 GMT, after rising about 0.5 percent in a shortened session on Monday due to a US national holiday.

  • Oil prices flatline as US drilling counters OPEC output cuts Feb 20, 2017 09:51 AM IST

    Oil prices flatline as US drilling counters OPEC output cuts

    Brent futures were down 5 cents at USD 55.75 a barrel at 0245 GMT, while US West Texas Intermediate crude was unchanged at USD 53.40. Both contracts earlier rose slightly in quiet trading.

  • Oil prices steady on OPEC cuts, but record US fuel stocks weigh Feb 16, 2017 09:05 AM IST

    Oil prices steady on OPEC cuts, but record US fuel stocks weigh

    The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed to cut output by almost 1.8 million barrels per day (bpd) during the first half of 2017, and estimates suggest compliance by OPEC is around 90 percent.

  • Oil prices dip as markets remain bloated despite OPEC-led cuts Feb 13, 2017 10:22 AM IST

    Oil prices dip as markets remain bloated despite OPEC-led cuts

    Brent crude futures were trading at USD56.55 per barrel at 0035 GMT, down 15 cents from their previous close.

  • Oil prices slump on bloated US fuel inventories Feb 08, 2017 07:49 AM IST

    Oil prices slump on bloated US fuel inventories

    Brent crude futures , the international benchmark for oil prices, were trading at 54.53 per barrel at 0111 GMT, down 52 cents, or 0.94 percent, from their previous close.

  • Oil prices steady, kept in range by mixed price indicators Feb 07, 2017 08:17 AM IST

    Oil prices steady, kept in range by mixed price indicators

    Brent crude futures, the international benchmark for oil prices, were trading at USD55.96 per barrel at 0151 GMT, up 24 cents from the last close.

  • Oil edge up on Iran tensions, but rising shale output caps gains Feb 06, 2017 09:01 AM IST

    Oil edge up on Iran tensions, but rising shale output caps gains

    Tensions between Tehran and Washington have risen since a recent Iranian ballistic missile test which prompted US President Donald Trump's administration to impose sanctions on individuals and entities linked to the Revolutionary Guards.

  • Oil markets range-bound as supplies remain plentiful Feb 01, 2017 08:18 AM IST

    Oil markets range-bound as supplies remain plentiful

    Brent crude futures LCOc1, the international benchmark for oil prices, were trading at USD 55.48 per barrel at 0140 GMT, down 10 cents from their last close.

  • Oil extends decline as rising US output weighs Jan 30, 2017 09:38 AM IST

    Oil extends decline as rising US output weighs

    The U.S. weekly oil and gas rig count from Baker Hughes showed that U.S. drillers added 15 oil rigs in the week, the 12th gain in 13 weeks. That brought the total count to 566, the most since November 2015.

  • Oil prices stable as US output gains offset OPEC-led cuts Jan 27, 2017 08:46 AM IST

    Oil prices stable as US output gains offset OPEC-led cuts

    SINGAPORE (Reuters) - Oil prices were stable on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to prop up the market by cutting supplies.

  • US Oil rises from one-week low, US inventory data in focus Jan 19, 2017 08:26 AM IST

    US Oil rises from one-week low, US inventory data in focus

    Sentiment in oil markets has been torn between expectations of a rebound in US shale production and hopes that oversupply may be curbed by output cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and others.

  • Oil ticks up on weaker dollar, US production outlook caps gains Jan 18, 2017 08:25 AM IST

    Oil ticks up on weaker dollar, US production outlook caps gains

    US West Texas Intermediate (WTI) crude oil futures were trading up 3 cents at USD52.51 per barrel at 0058 GMT. Brent crude oil , the international benchmark for oil prices, was up 4 cents USD55.51 a barrel.

  • Oil mixed on Saudi commitment to cut output, investor scepticism Jan 17, 2017 08:39 AM IST

    Oil mixed on Saudi commitment to cut output, investor scepticism

    US West Texas Intermediate (WTI) crude oil futures were trading up 16 cents at USD 52.53 per barrel at 0136 GMT.

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