Jul 05, 2022 10:50 PM ISTOil futures sank along with equities, which often serve as demand indicator for crude, as investors fretted about the possibility of an economic downturn
Apr 26, 2022 08:33 PM IST 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.
Mar 15, 2022 08:25 PM IST Brent fell as low as $97.44 and WTI hit $93.54, their lowest since Feb. 25.
Mar 02, 2022 07:02 PM IST 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.
Nov 22, 2021 10:37 PM IST 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.
Nov 05, 2021 03:03 PM IST 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.
Nov 03, 2021 09:44 PM IST 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.
Oct 26, 2021 07:40 PM IST 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.
Oct 14, 2021 05:17 PM IST Market participants will take further cues from weekly EIA inventory data to be released later in the day.
Oct 12, 2021 09:10 PM IST 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.
Oct 11, 2021 10:55 PM IST 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.
Oct 07, 2021 09:33 PM IST 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.
Oct 06, 2021 09:20 PM IST 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.
Oct 06, 2021 05:28 PM IST The momentum indicator Relative Strength Index is at 77.54, which indicates an overbought level in the prices.
Oct 05, 2021 05:18 PM IST 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
Oct 04, 2021 08:09 PM IST 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.
Oct 04, 2021 05:12 PM IST The momentum indicator Relative Strength Index is at 70.70, which indicates a buy in the prices.
Sep 27, 2021 05:05 PM IST Purohit expects the prices to trade with bullish bias in the evening hours and trade near Rs 5,600 levels.
Sep 21, 2021 07:07 PM IST Crude oil prices are expected to trade up for the day with resistance at $73 and support at $70 per barrel, said Patel.
Sep 20, 2021 05:30 PM IST "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.
Sep 19, 2021 03:29 PM IST The CFTC data showed that money managers increased their net long positions by 24,870 lots last week.
Sep 14, 2021 08:30 PM IST Nicholas is the second major storm to threaten the US Gulf region in recent weeks.
Sep 07, 2021 09:33 PM IST 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.
Sep 06, 2021 04:41 PM IST The momentum indicator Relative Strength Index (RSI) is at 48.15, which indicates sideways movement in the prices.
Sep 01, 2021 10:56 PM IST 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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