West Texas

Blue Origin reveals mighty 320-Foot New Glenn Rocket as it prepares for NASA’s Mars mission

New Glenn, when fully stacked, stands 320 feet tall and features a reusable first stage similar to SpaceX’s Falcon 9 and Falcon Heavy rockets.

Oil price gains capped by IEA gloom

US benchmark West Texas Intermediate for March delivery added 46 cents to USD 30.15 a barrel compared with Monday's close.

Oil prices hold above $46 ahead of US inventories report

A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut.

Oil prices rally on reported Russian moves

US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close. Brent North Sea crude for November delivery jumped USD 1.38 to stand at USD 49.51 a barrel in late London deals.

Oil prices in Asia slip after recent gains

US benchmark West Texas Intermediate for May delivery fell 83 cents to USD 50.60 and Brent crude for May eased 75 cents to USD 58.44 in late-morning trade.

Oil prices surge as Fed stays cautious on rates

Crude prices surged after the Fed's statement, which noted that US economic growth had "moderated somewhat" since January. The Fed dropped a pledge to remain "patient" on raising interest rates, signaling a midyear federal funds rate hike remained possible after keeping it at the zero level for more than six years

Brent rebounds towards $57 after US crude stocks fall

The benchmark closed nearly 4 percent down in the previous session on a rallying US dollar and before an industry group said US crude inventories fell by 404,000 barrels last week. Analysts had expected a 4.4 million barrel build in stocks.

Why oil decline could get ugly again

Oil analysts say the strong production in the US should ultimately wind down, as the output of some wells in operation declines and more wells are shut in. But for now, as seasonal factors like refinery maintenance affect demand, US production could be a catalyst for even lower prices and a new bottom for crude.

Increasing global oil prices pose risk to inflation: RBI

However, the RBI can take comfort from the fact that inflation has declined at a faster pace than envisaged in the central bank's policy issued in January last year.

Oil up in Asia but US crude stays below $50

A closely watched report on US weekly crude stockpiles is next due tomorrow, with a Media News survey saying inventories are expected to rise by 3.75 million barrels. US oil stockpiles are already at their highest level on record at this time of year.

Gold may hit $1200 if Middle East tensions elevate: Lennox

Gold will probably react to further news coming out of the Middle East by rising. But there has not been a natural rise in demand. There was a spike in the December quarter, but that did not follow through. So gold could stay volatile and visit USD 1,200 again if the Middle East starts to become a little more subdued