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  • Oil slips below $80 as Fed rate worries cloud market outlook

    West Texas Intermediate fell as much as 2.2%.

  • Oil mixed as market weighs tight supply against recession jitters

    Trading was thinned by a public holiday in parts of Southeast Asia.

  • Oil firms after producer meeting, but high US output weighs

    OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.

  • See crude at $52 a barrel: Again Capital's Kilduff

    Speaking to CNBC-TV18 John Kilduff, Partner at Again Capital said that prices could move up further. He expects the price to head up to USD 52 a barrel.

  • Oil prices up as Canada wildfires threaten crude output

    Oil prices climbed in Asia today with Brent breaching USD 45 a barrel following a fall in US production while raging wildfires threatened to cut Canadian output.

  • Oil prices rise on weaker dollar ahead of Fed rate decision

    A weak dollar has also provided support as it makes crude cheaper for customers using other currencies.

  • Oil prices rebound ahead of US inventory data

    At around 0330 GMT, US benchmark West Texas Intermediate (WTI) for delivery in June was up 31 cents, or 0.73 percent, at USD 42.95 and Brent crude for June rose 30 cents, or 0.67 percent, to USD 44.78.

  • Crude dips on report of Saudi oilfield expansion

    Brent North Sea crude for June sagged 26 cents to USD 44.85 per barrel compared with Friday's close.

  • Oil prices rally on IEA outlook

    Around 1200 GMT, US benchmark West Texas Intermediate (WTI) for delivery in April added 90 cents to trade at USD 38.74 a barrel.

  • Crude prices fall in Asia but Brent stays above $40

    Prices have strengthened following talks of a production freeze, with a producers meeting mooted on March 20 in a bid to ease a global supply glut that has depressed the market.

  • Five things scaring markets

    While U.S. growth is sluggish, a series of weakening data and the collapse of asset prices across financial markets has triggered fears that the markets could lead the world into recession. Industrial production is weaker in most parts of the world, and the U.S. has been in a manufacturing recession.

  • Brent sinks 5%; WTI dips below $30 on China, oversupply worries

    The front-month contract for West Texas Intermediate (WTI) was down USD 1.57 at USD 30.05, having dipped below USD 30. It fell USD 2, or 5.9 percent, the session before.

  • Crude oil futures rebound 2.21% on positive Asian cues

    The rise in crude oil futures was largely in tune with the rebound in its prices in Asian trade on Wednesday, halting a plunge that saw fall below USD 30 a barrel for the first time in more than 12 years but analysts warned of further pressure on the commodity.

  • US crude touches fresh 12-year low near $30

    Analysts at Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil forecasts this week, with Standard Chartered saying oil could fall as low as $10 per barrel

  • Oil heads for third weekly loss after Fed rate hike

    US crude's West Texas Intermediate (WTI) futures CLc1 were down 18 cents at USD 34.77 a barrel by 0104 GMT (8.04 am EDT). The contract fell 1.6 percent to USD 34.95 a barrel on Thursday.

  • US crude dips for 1st time in 3 days as Fed decision looms

    The Federal Reserve on Tuesday started a two-day meeting where it is expected to raise rates eight years after a devastating recession opened an era of loose US monetary policy.

  • Oil tumbles toward 11-year lows on worsening glut

    Brent crude fell by 4 percent to below USD 36.40 a barrel for the first time since December 2008 and US West Texas Intermediate (WTI) sank almost 3 percent below USD 34.60 a barrel.

  • US oil breaks below $36, hits fresh 2009 lows

    Brent slipped below $39 per barrel for the first time since December 2008 as the IEA, which advises developed nations on energy, warned that demand growth was starting to slow

  • Oil prices drop on China data, firmer dollar

    A firmer US dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies. Although trading was quiet after Thanksgiving Day in the United States.

  • Oil prices up on France IS strikes, stockpiles data

    "Strikes against the Islamic State could worsen the geopolitical tensions in the oil-producing Middle East region and this supports crude prices," said Sanjeev Gupta, who heads the Asia-Pacific oil and gas practice at professional services organisation EY.

  • Oil prices up in Asia but gains limited

    Analysts expect another build in the inventories, which would indicate weaker demand in the world's top oil consuming nation. BMI Research said the geopolitical tensions sparked by the escalation of military action against IS following the Paris attacks is unlikely to be a major influence on oil prices.

  • Oil prices sustain rally in Asian trade

    A softening of the US currency also helped bolster prices as the dollar-priced commodity becomes cheaper for holders of weaker units, spurring demand, analysts said.

  • Oil jumps $2, breaking range as supply seen ebbing

    Global benchmark Brent crude LCOc1 rallied for a third straight day and closed above USD 50 a barrel the first time in a month. In post-settlement trade, it briefly jumped USD 3 after an industry group reported an unexpected weekly drop in US crude stockpiles.

  • Rupee trims early gains, still up by 21 paise

    The dollar index currently trading down by 0.10 percent at 95.81 as against a basket of six currencies. In the overseas markets, the dollar slipped against a basket of currencies after weak US jobs data led traders to pare bets that the Fed was poised to hike interest rates as early as this month.

  • Oil prices higher in Asia ahead of US jobs report

    In late-morning Asian trade, US benchmark West Texas Intermediate for November delivery advanced 54 cents to USD 45.28 and Brent crude for November added 44 cents to USD 48.13 a barrel.

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