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Feb 24, 2021 09:40 PM IST As crude is priced in dollars, a weaker greenback makes buying the commodity cheaper for holders of other currencies.
Feb 22, 2021 07:48 AM IST Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.
Feb 21, 2021 06:28 PM IST The crude prices have been going up in the international market since November 2020, with the Brent oil rate hovering above $60 over the past few days.
Feb 18, 2021 08:29 AM IST Brent crude climbed 93 cents, or 1.5%, to $65.27 a barrel by 0219 GMT, touching its highest since Jan. 20, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 76 cents, or 1.2%, to $61.90 a barrel, registering its highest since Jan. 8, 2020.
Feb 17, 2021 07:43 PM IST The fourth-biggest producer in the Organization of the Petroleum Exporting Countries (OPEC) said it would assess the situation in over October and November before committing supplies for the first quarter of 2022, the sources said.
Feb 17, 2021 07:00 PM IST Dharmendra Pradhan said demand recovery should take "primacy" over oil prices, at least for next few months.
Feb 15, 2021 09:25 PM IST Russian Deputy Prime Minister Alexander Novak said the global oil market is on a recovery path and the oil price this year could average $45-$60 a barrel.
Feb 09, 2021 08:42 PM IST Top exporter Saudi Arabia is curbing supply in February and March, on top of cuts by producers in the Organization of the Petroleum Exporting Countries and their allies, prompting forecasts of a supply deficit this year.
Feb 09, 2021 09:44 AM IST The current rise in oil prices is a short-term blip. The longer-term trends depressing oil prices are intact
Feb 08, 2021 01:19 PM IST Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9%.
Feb 05, 2021 10:23 PM IST The last time it traded at $60 a barrel, the pandemic had yet to take hold, economies were open and people were free to travel, meaning demand for gasoline, diesel and jet fuel was much higher.
Feb 05, 2021 04:31 PM IST New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing. The US Congress is also moving ahead on President Joe Biden's COVID-19 relief plan.
Feb 05, 2021 08:27 AM IST U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.9%, to $56.73 a barrel by 0210 GMT, after touching a high of $56.75, the most since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.
Feb 04, 2021 10:18 AM IST Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision.
Feb 03, 2021 10:00 PM IST Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+.
Feb 02, 2021 07:22 PM IST Oil has rallied from historic lows reached last year as demand collapsed due to the pandemic thanks to record OPEC+ output cuts.
Feb 01, 2021 08:14 AM IST Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January.
Jan 28, 2021 11:31 AM IST U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday's gain.
Jan 22, 2021 07:57 AM IST U.S. West Texas Intermediate (WTI) crude futures dropped 47 cents, or 0.9%, to $52.66 a barrel at 0148 GMT, after slipping 18 cents on Thursday.
Jan 21, 2021 09:22 PM IST Technical and ministerial committee meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia are scheduled to take place in early February.
Jan 20, 2021 11:35 AM IST U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday.
Jan 15, 2021 08:21 AM IST Brent was down 3 cents at $56.69 by 0133 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was up 12 cents at $53.69 a barrel, having risen more than 1% the previous session.
Jan 14, 2021 07:30 PM IST A significant rebound in shale could hamper efforts by OPEC and its allies, known as OPEC+, to support the market.
Jan 14, 2021 07:26 AM IST Brent crude oil futures dipped 5 cents, or 0.1%, to $56.01 a barrel by 0124 GMT, while U.S. West Texas Intermediate (WTI) fell by 1 cent to $52.90 a barrel.
Jan 12, 2021 08:35 AM IST After falling on Monday, Brent crude oil futures slipped by 9 cents, or 0.2%, to $55.57 a barrel by 0135 GMT while U.S. West Texas Intermediate (WTI) fell by 8 cents, or 0.2%, to $52.17 a barrel.
