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  • Oil rises on reported US crude stock draw, firm Japan imports Sep 21, 2016 08:12 AM IST

    Oil rises on reported US crude stock draw, firm Japan imports

    US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at USD 44.84 a barrel at 0027 GMT, buoyed by a contractual rollover into higher-demand November as a front-month.

  • Oil prices down ahead producers' meeting, US data Sep 20, 2016 10:32 AM IST

    Oil prices down ahead producers' meeting, US data

    The commodity plunged last week on supply glut worries but bounced slightly yesterday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.

  • Oil prices fall as Venezuela says market is 10% oversupplied Sep 20, 2016 08:03 AM IST

    Oil prices fall as Venezuela says market is 10% oversupplied

    Global oil supply of 94 million barrels per day needs to fall by about a tenth if it is to match consumption, Venezuela's Oil Minister Eulogio Del Pino said on Monday.

  • Oil prices up on Libya unrest, hopes for output deal Sep 19, 2016 11:02 AM IST

    Oil prices up on Libya unrest, hopes for output deal

    Key crude states are due to meet in Algeria next week to discuss the global supply crisis and overproduction that has hammered prices for two years.

  • Oil prices down as Libya, Nigeria set to raise output Sep 16, 2016 11:20 AM IST

    Oil prices down as Libya, Nigeria set to raise output

    Both contracts rose yesterday on news that 6,000 barrels of gasoline had leaked from the Colonial pipeline that carries fuel from the Gulf Coast to the eastern United States.

  • Oil prices drop on returning Libya, Nigeria supplies Sep 16, 2016 08:12 AM IST

    Oil prices drop on returning Libya, Nigeria supplies

    Brent crude futures were trading at USD 46.32 per barrel at 0107 GMT, down 27 cents, or 0.6 percent, from their last settlement. US West Texas Intermediate futures were down 24 cents, or 0.6 percent, at USD 43.67 a barrel.

  • Oil struggles after diving on US data, Libya news Sep 15, 2016 10:38 AM IST

    Oil struggles after diving on US data, Libya news

    Both main contracts tumbled almost three percent Wednesday after the US Energy Information Administration said gasoline and distilled products inventories rose last week, dampening news of a surprise fall in crude supplies.

  • Oil rises on draw in US crude stocks, but supply worries remain Sep 15, 2016 08:31 AM IST

    Oil rises on draw in US crude stocks, but supply worries remain

    US crude inventories dropped by 559,000 barrels in the week to September 9, defying analysts expectations of a crude build of 3.8 million barrels.

  • Oil up but IEA supply glut warning limits gains Sep 14, 2016 10:52 AM IST

    Oil up but IEA supply glut warning limits gains

    As the market eyed a producers' meeting later this month for some reprieve, the International Energy Agency (IEA) said Tuesday that growth in oil demand was slowing while supply was rising.

  • Oil rises on smaller-than-expected build in US crude stocks Sep 14, 2016 07:52 AM IST

    Oil rises on smaller-than-expected build in US crude stocks

    The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended September 9, smaller than the 3.8 million-barrel rise expected by analysts. The US government will issue official inventory data on Wednesday.

  • Global mkt correction shallow unless Fed hikes in Sep: Experts Sep 12, 2016 09:49 PM IST

    Global mkt correction shallow unless Fed hikes in Sep: Experts

    Janet Yellen hasn‘t yet come out and spoken about a possibility of September hike but in case Fed hikes in September then it will be taken as a big negative at least for few weeks, said Manish Kabra of BoA-ML Global Research.

  • Oil extends decline amid projected rebound in US stocks Sep 12, 2016 08:36 AM IST

    Oil extends decline amid projected rebound in US stocks

    London Brent crude for November delivery was down 49 cents, or 1.0 percent, at USD 47.52 a barrel by 2246 GMT on Sunday after settling down 4 percent on Friday.

  • Oil extends gains after data shows huge stock draw Sep 08, 2016 10:36 AM IST

    Oil extends gains after data shows huge stock draw

    US crude stocks surprisingly plunged by 12.1 million barrels last week, data from the American Petroleum Institute showed after market settlement on Wednesday, compared with expectations for an increase of around 200,000 barrels.

  • Oil prices up in Asia as dollar weakens Sep 07, 2016 10:44 AM IST

    Oil prices up in Asia as dollar weakens

    The dollar plunged after data Tuesday showed a shock slump in the key US services sector, virtually wiping out any possibility of an interest rate hike this month.

  • Oil edges lower amid skepticism about output freeze Sep 07, 2016 08:22 AM IST

    Oil edges lower amid skepticism about output freeze

    Oil prices hit a one-week high on Monday after Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but they have since fallen due to the mounting uncertainty over a deal.

  • Oil slips towards $47 as hopes for producer action wane Sep 06, 2016 02:50 PM IST

    Oil slips towards $47 as hopes for producer action wane

    Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets. Brent jumped almost 5 percent, only to pare gains after Saudi Energy Minister Khalid al-Falih said there was no need to freeze output for now.

  • Oil prices up in Asia on Russia-Saudi Arabia talks Sep 06, 2016 10:26 AM IST

    Oil prices up in Asia on Russia-Saudi Arabia talks

    Saudi Energy Minister Khaled Al-Falih and his Russian counterpart Alexander Novak agreed to "act together" to steady the market but stopped short of agreeing to a production freeze.

  • JP Morgan AMC doesn't rule out a Fed hike in Sept, like India Sep 06, 2016 08:43 AM IST

    JP Morgan AMC doesn't rule out a Fed hike in Sept, like India

    The market is still pricing in a 30 percent possibility of a hike in September. So, the house does not entirely rule out a September rate hike by Fed, said Ian Hui, JP Morgan AMC.

  • Brent steady after rise on Russia-Saudi pact Sep 06, 2016 08:41 AM IST

    Brent steady after rise on Russia-Saudi pact

    London Brent crude for November delivery was down 15 cents at USD 47.48 a barrel by 0022 GMT, after settling up 80 cents at USD 47.63 on Monday. The global benchmark on Monday hit a near one-week high of USD 49.40 after the Russia-Saudi news.

  • Oil rebounds in Asia after steep falls Sep 02, 2016 11:20 AM IST

    Oil rebounds in Asia after steep falls

    Both main contracts slumped more than three percent yesterday after Russia suggested it may not be necessary to limit production, denting hopes for its gathering with OPEC in Algeria this month.

  • Oil heads for biggest weekly loss since mid-January Sep 02, 2016 10:44 AM IST

    Oil heads for biggest weekly loss since mid-January

    Brent crude had climbed 27 cents to USD 45.72 a barrel by 0426 GMT, while US West Texas Intermediate crude futures were up 24 cents at USD 43.40 a barrel, buoyed by a weaker dollar.

  • Oil prices edge up in Asia after sharp plunge Sep 01, 2016 02:00 PM IST

    Oil prices edge up in Asia after sharp plunge

    Both main contracts plunged yesterday after the US Energy Department said commercial inventories in the world's top oil consumer edged up last week and were now 16 percent higher than the same period last year.

  • Oil prices dip on stronger dollar, Iran output fear Aug 31, 2016 10:54 AM IST

    Oil prices dip on stronger dollar, Iran output fear

    The comments by Bijan Zangeneh, carried by Iran's official news agency on Tuesday, added to a feeling that an informal OPEC meeting with Russia in September may not result in a deal that would boost prices.

  • Oil edges back in Asia after sharp losses Aug 30, 2016 11:54 AM IST

    Oil edges back in Asia after sharp losses

    Both main contracts tumbled yesterday after Federal Reserve boss Janet Yellen indicated a possible US rate hike this year, sending the greenback rallying and making crude more expensive to holders of other currencies.

  • Oil prices sink in Asia on strong dollar, output fears Aug 29, 2016 10:16 AM IST

    Oil prices sink in Asia on strong dollar, output fears

    Iranian oil minister Bijan Zanganeh on Friday said his country wanted its share of the crude market to return to levels seen before Western nuclear sanctions were imposed on it 13 years ago.

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