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  • Major commodities, stocks tank in global markets under looming recession fears Jul 05, 2022 10:50 PM IST

    Major commodities, stocks tank in global markets under looming recession fears

    Oil futures sank along with equities, which often serve as demand indicator for crude, as investors fretted about the possibility of an economic downturn

  • Oil rebounds from drop on China demand concerns Apr 26, 2022 08:33 PM IST

    Oil rebounds from drop on China demand concerns

    Brent crude futures were up $1.26 cents, or 1.2%, at $103.58 a barrel by 1355 GMT. U.S. West Texas Intermediate contracts were up $1.14 cents, or 1.2%, at $99.68.

  • Crude oil price slips below $95 a barrel on China lockdowns, stocks waver Mar 15, 2022 08:25 PM IST

    Crude oil price slips below $95 a barrel on China lockdowns, stocks waver

    Brent fell as low as $97.44 and WTI hit $93.54, their lowest since Feb. 25.

  • Russia-Ukraine Conflict: Top oil producers hold course despite Ukraine war Mar 02, 2022 07:02 PM IST

    Russia-Ukraine Conflict: Top oil producers hold course despite Ukraine war

    OPEC+, at monthly back-to-back meetings that lasted less than an hour, decided to stick to a decision from last year for an output target of 400,000 barrels per day for April as well.

  • Oil prices rise on reports that OPEC+ could reassess output Nov 22, 2021 10:37 PM IST

    Oil prices rise on reports that OPEC+ could reassess output

    Japanese and Indian officials are working on ways to release national reserves of crude oil in tandem with the United States and other major economies to dampen prices, seven government sources with knowledge of the plans told Reuters.

  • Oil gains after OPEC+ holds firm on supply Nov 05, 2021 03:03 PM IST

    Oil gains after OPEC+ holds firm on supply

    The OPEC+ group of major producers agreed on Thursday to stick to their plan to raise oil output by 400,000 barrels per day (bpd) from December, ignoring calls from U.S. President Joe Biden for extra output to cool rising prices.

  • Oil falls sharply after big build in US inventories Nov 03, 2021 09:44 PM IST

    Oil falls sharply after big build in US inventories

    Crude stocks rose more by 3.3 million barrels in the most recent week, more than expected, but gasoline stocks fell to their lowest level since November 2017.

  • Oil prices edge towards new highs on short supply Oct 26, 2021 07:40 PM IST

    Oil prices edge towards new highs on short supply

    While China's red-hot power and coal markets have cooled somewhat after government intervention, energy prices remain elevated worldwide as temperatures fall with the onset of the northern winter.

  • Crude oil prices climb above Rs 6,100 per barrel on strong demand, supply woes Oct 14, 2021 05:17 PM IST

    Crude oil prices climb above Rs 6,100 per barrel on strong demand, supply woes

    Market participants will take further cues from weekly EIA inventory data to be released later in the day.

  • Oil whipsaws in volatile session on energy crunch fears Oct 12, 2021 09:10 PM IST

    Oil whipsaws in volatile session on energy crunch fears

    Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.

  • Crude oil extends rally to multi-year peaks as energy crunch bites Oct 11, 2021 10:55 PM IST

    Crude oil extends rally to multi-year peaks as energy crunch bites

    The pace of economic recovery from the pandemic, combined with cold weather have supercharged energy demand, coming at a time when pressure on governments to accelerate the transition to cleaner energy has slowed investment in oil projects.

  • Crude oil eases as US mulls strategic reserve sales Oct 07, 2021 09:33 PM IST

    Crude oil eases as US mulls strategic reserve sales

    US Energy Secretary Jennifer Granholm said on Wednesday that the administration is considering tapping the country's Strategic Petroleum Reserve (SPR) to cool a surge in gasoline prices, the Financial Times reported.

  • Crude oil retreats from multi-year highs after US stock build Oct 06, 2021 09:20 PM IST

    Crude oil retreats from multi-year highs after US stock build

    On Monday, OPEC, Russia and other allies, known as OPEC+, chose to stay with a plan to increase output gradually and not boost it further as the United States and other consumer nations have been urging.

  • Crude oil prices retreat after touching fresh 52 week high of Rs 5,956/barrel Oct 06, 2021 05:28 PM IST

    Crude oil prices retreat after touching fresh 52 week high of Rs 5,956/barrel

    The momentum indicator Relative Strength Index is at 77.54, which indicates an overbought level in the prices.

  • Crude oil above Rs 5,800 a barrel, highest since 2014 Oct 05, 2021 05:18 PM IST

    Crude oil above Rs 5,800 a barrel, highest since 2014

    Brent crude has given a breakout above the 50-day moving average, suggesting further upside. OPEC decision to gradually hike production and increasing global demand are expected to support prices, say experts

  • OPEC+ sticks to plan for gradual output hike, oil price roars higher Oct 04, 2021 08:09 PM IST

    OPEC+ sticks to plan for gradual output hike, oil price roars higher

    OPEC+ ministers "reconfirmed the production adjustment plan" previously agreed for adding 400,000 bpd in November, the group said in a statement issued after their online ministerial talks.

  • Crude oil prices rise on high demand, dollar downtick; Brent crosses $81 a barrel Oct 04, 2021 05:12 PM IST

    Crude oil prices rise on high demand, dollar downtick; Brent crosses $81 a barrel

    The momentum indicator Relative Strength Index is at 70.70, which indicates a buy in the prices.

  • Crude oil prices climb above Rs 5,500/barrel on firm demand, supply concerns; Brent trades above $78/bbl Sep 27, 2021 05:05 PM IST

    Crude oil prices climb above Rs 5,500/barrel on firm demand, supply concerns; Brent trades above $78/bbl

    Purohit expects the prices to trade with bullish bias in the evening hours and trade near Rs 5,600 levels.

  • Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl Sep 21, 2021 07:07 PM IST

    Crude oil prices up on supply concerns, higher demand; WTI trades above $70/bbl

    Crude oil prices are expected to trade up for the day with resistance at $73 and support at $70 per barrel, said Patel.

  • Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl Sep 20, 2021 05:30 PM IST

    Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl

    "Crude has turned choppy after the recent rally and we may see some extended correction if equities remain under pressure," said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities.

  • Crude oil prices rally 3% on strong demand outlook; sentiments remain upbeat Sep 19, 2021 03:29 PM IST

    Crude oil prices rally 3% on strong demand outlook; sentiments remain upbeat

    The CFTC data showed that money managers increased their net long positions by 24,870 lots last week.

  • Oil scales six-week high as Storm Nicholas hits US Gulf Sep 14, 2021 08:30 PM IST

    Oil scales six-week high as Storm Nicholas hits US Gulf

    Nicholas is the second major storm to threaten the US Gulf region in recent weeks.

  • Oil falls on worries about weak demand Sep 07, 2021 09:33 PM IST

    Oil falls on worries about weak demand

    Analysts said the oil market was still digesting that data from Friday as well as Saudi Aramco's move on Sunday to cut October official selling prices (OSPs) for all its crude grades sold to Asia by at least $1 a barrel.

  • Crude oil prices lower on demand concerns; WTI trades below $69 a barrel Sep 06, 2021 04:41 PM IST

    Crude oil prices lower on demand concerns; WTI trades below $69 a barrel

    The momentum indicator Relative Strength Index (RSI) is at 48.15, which indicates sideways movement in the prices.

  • OPEC+ sticks to gradual oil output hikes, ups demand forecast Sep 01, 2021 10:56 PM IST

    OPEC+ sticks to gradual oil output hikes, ups demand forecast

    OPEC+ experts on Tuesday revised the 2022 oil demand growth forecast to 4.2 million bpd, up from a previous 3.28 million bpd, potentially building the case for higher output in future.

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