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  • Oil prices rise with recovering global markets Jun 29, 2016 01:24 PM IST

    Oil prices rise with recovering global markets

    Asian stocks and currencies have recovered this week after Friday's global sell-off, as speculation swirls that authorities will inject fresh stimulus into financial markets.

  • Crude oil futures up 1.55% on Asian cues Jun 29, 2016 11:28 AM IST

    Crude oil futures up 1.55% on Asian cues

    At the Multi Commodity Exchange, crude oil for delivery in July gained Rs 50 or 1.55 percent to Rs 3,276 per barrel with a business turnover of 6,237 lots.

  • Oil prices rise on Norway strike threat; Brexit shock fades Jun 29, 2016 07:02 AM IST

    Oil prices rise on Norway strike threat; Brexit shock fades

    International Brent crude futures were trading at USD48.76 per barrel at 0019 GMT (08:19 p.m. EDT), up 18 cents from their last settlement. US West Texas Intermediate (WTI) crude was up 30 cents at USD48.15 a barrel.

  • Oil extends slide on worries about impact of Brexit Jun 27, 2016 10:30 AM IST

    Oil extends slide on worries about impact of Brexit

    Global markets took a beating Friday, with some USD 2.1 trillion wiped off valuations and the British pound plunging to 31-year lows against the dollar, while oil prices slumped more than five percent.

  • Oil prices fall as Brexit lingers, refined products glut looms Jun 27, 2016 08:51 AM IST

    Oil prices fall as Brexit lingers, refined products glut looms

    Global financial markets plunged on Friday as results from a referendum defied bookmakers' odds to show a 52 percent to 48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago.

  • Oil dives as early vote results indicate a Brexit Jun 24, 2016 09:04 AM IST

    Oil dives as early vote results indicate a Brexit

    Asian currency and stock markets swung wildly as the early results in the high-stakes referendum showed the camp favouring an exit leading those who want the country to remain.

  • Oil prices rise ahead of Brexit vote Jun 23, 2016 01:30 PM IST

    Oil prices rise ahead of Brexit vote

    As with financial markets, oil traders are closely watching the referendum as analysts warn that a British exit could see the country tumble into recession with global spillover effects.

  • Oil prices rise as markets on tenterhooks ahead of Brexit vote Jun 23, 2016 07:16 AM IST

    Oil prices rise as markets on tenterhooks ahead of Brexit vote

    Trading has been choppy in the run up to Thursday's vote on whether Britain leaves or stays in the European Union (EU), and is expected to remain so before results start filtering through late on Thursday or early Friday.

  • Oil edges up on weaker dollar as Britain EU vote looms Jun 22, 2016 10:32 AM IST

    Oil edges up on weaker dollar as Britain EU vote looms

    Traders are also waiting for the release later in the day of official US stockpiles data, hoping for an idea about demand in the world's top oil consumer, after an industry group said supplies had tumbled last week.

  • Oil prices above $50, buoyed by US stock draw Jun 22, 2016 07:56 AM IST

    Oil prices above $50, buoyed by US stock draw

    US crude futures' August contract , the new front month from Wednesday, had climbed 35 cents to USD 50.20 a barrel by 0039 GMT. That marked the first time it had risen above USD 50 since June 10.

  • Oil prices dip ahead of British EU vote, US stockpiles Jun 21, 2016 10:26 AM IST

    Oil prices dip ahead of British EU vote, US stockpiles

    Worries that Britons will vote to leave on Thursday has frayed nerves, and global investment titans Li Ka-shing and George Soros warned of economic doom if the country leaves bloc.

  • Oil prices fall for first time in three days Jun 21, 2016 07:55 AM IST

    Oil prices fall for first time in three days

    US crude's expiring July front-month contract was down 18 cents at USD 49.19 a barrel at 0046 GMT. The more actively traded August contract , the new front-month from Wednesday, was down 19 cents at USD 49.77. That contract settled up nearly 3 percent at USD 49.96 on Monday.

  • Oil extends rebound on weak dollar, easing Brexit fears Jun 20, 2016 10:26 AM IST

    Oil extends rebound on weak dollar, easing Brexit fears

    The US dollar fell for the fourth day in a row today, trading lower against most major currencies, making the dollar-priced commodity cheaper for those using other currencies and pushing up demand.

  • Oil extends gains, up 0.6%, as Brexit fears ease Jun 20, 2016 07:56 AM IST

    Oil extends gains, up 0.6%, as Brexit fears ease

    London Brent crude for August delivery was up 29 cents at USD 49.46 a barrel by 2238 GMT on Sunday, after settling up USD 1.98, or 4.2 percent, at USD 49.17 on Friday.

  • Oil prices bounce after six days of losses Jun 17, 2016 11:12 AM IST

    Oil prices bounce after six days of losses

    After yesterday's sharp losses, equities pushed higher today on bargain-buying while analysts said the killing of a pro-EU lawmaker had increased the odds Britons will vote to stay in the European Union next week.

  • Oil rises for first time in seven days Jun 17, 2016 07:40 AM IST

    Oil rises for first time in seven days

    Brent crude futures were up 25 cents at USD 47.44 a barrel at 0040 GMT. On Thursday, the contract fell 3.6 percent to USD 47.19 per barrel.

  • Oil dips in Asia on US supplies, Fed comments Jun 16, 2016 10:32 AM IST

    Oil dips in Asia on US supplies, Fed comments

    The Department of Energy said commercial inventories fell by 900,000 barrels in the week ending June 10, far fewer than the 2.33 million predicted in a Bloomberg survey, suggesting demand is easing in the world's top oil consumer.

  • Oil futures down on US stockpile report, Brexit concern Jun 16, 2016 07:00 AM IST

    Oil futures down on US stockpile report, Brexit concern

    Front-month US crude futures were down 56 cents, or 1.2 percent, at USD 47.45 a barrel at 0043 GMT. The contract fell 1 percent the previous session, the fifth straight day of declines.

  • Oil prices drop further on supply, Britain EU exit fears Jun 15, 2016 11:32 AM IST

    Oil prices drop further on supply, Britain EU exit fears

    After almost doubling from February to touch multi-month highs last week, the commodity tumbled along with equities markets on worries about the global outlook and Britain's EU future.

  • US oil falls to three-week low on inventory gains, Brexit fears Jun 15, 2016 08:04 AM IST

    US oil falls to three-week low on inventory gains, Brexit fears

    US crude fell to a three-week low as the contract dropped for a fifth day. It was trading down 68 cents at USD47.81 a barrel at 0034 GMT.

  • Oil prices fall with world markets, stockpiles data eyed Jun 14, 2016 10:58 AM IST

    Oil prices fall with world markets, stockpiles data eyed

    After a rally in the commodity that saw the US benchmark hit an 11-month high last week, investors are beginning to cash in and search out safe havens such as the yen and gold.

  • Oil futures fall as global growth, Brexit concerns weigh Jun 14, 2016 07:50 AM IST

    Oil futures fall as global growth, Brexit concerns weigh

    Brent crude oil futures fell below USD 50 a barrel again to USD 49.79, down 56 cents, by 0029 GMT. On Monday the contract settled down 19 cents at USD 50.35 per barrel.

  • Oil prices retreat with global markets as more rigs restart Jun 13, 2016 10:26 AM IST

    Oil prices retreat with global markets as more rigs restart

    The retreat comes after US benchmark West Texas Intermediate last week hit an 11-month high thank to a weaker dollar, which makes the commodity cheaper for anyone using other currencies.

  • Oil prices fall back below $50 as economic concerns rise Jun 13, 2016 08:55 AM IST

    Oil prices fall back below $50 as economic concerns rise

    International Brent crude oil futures fell back below USD 50 per barrel, trading at USD 49.89 at 0127 GMT, down 65 cents, or 1.29 percent, from their last settlement.

  • Oil prices dip on stronger dollar Jun 10, 2016 10:50 AM IST

    Oil prices dip on stronger dollar

    The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries about the state of the global economy.

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