Oil Analyst

Brent crude to trade in the range of USD 50-60 per barrel on back of uncertainty surrounding what OPEC will do in the next meet scheduled on November 30, said Virendra Chauhan, Oil Analyst, Energy Aspects.

Support for Brent can be seen around $41 a barrel: ClipperData

Crude has shown volatility globally in the past week and Troy Vincent, Oil Analyst at ClipperData said that rising inventory could impact crude prices and major support for Brent can be seen at around USD 41 per barrel.

Oil falls after US inventories show buildup

The American Petroleum Institute said late on Tuesday that US crude oil stockpiles rose by 4.6 million barrels to 457.8 million barrels in the week to September 25. Analysts polled by Reuters had expected an increase of only 102,000 barrels.

Oil prices surge 7%, US crude rises above $41

The US economy grew faster than initially thought in the second quarter on solid domestic demand, according to government data released Thursday. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said in its second GDP estimate.

Oil prices rise more than $1 as equities rally

World stock markets rallied on Thursday as Chinese shares recovered on hopes that government measures to stimulate the economy would pay off, while the dollar also rallied as risk aversion eased.

Oil rallies but still near 6-1/2 year lows

European equity markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the flagship Shanghai Composite Index crashed through key support at 3,000 points.

Oil bounces on China shares rebound, economic data

Front-month US crude futures were up 80 cents at USD 52.45 a barrel by 0745 GMT, but were still almost 8 percent lower than at the end of last week.

Oil prices slip ahead of OPEC meeting

The Organization of the Petroleum Exporting Countries is expected on Friday to keep a group output target of 30 million barrels per day (bpd), a ceiling it has been exceeding for most of the last two years, weakening prices.

No signs of oil slowdown post IEA release: Barclays Cap

Amrita Sen, Oil Analyst at Barclays Capital, in an interview with CNBC-TV18’s Meneka Doshi, said that the crude hasn’t shown any signs of slowdown on the back of the IEA release.