Commodity News - Energy

Oil declines to 1-month low amid ample US crude stockpiles

28 May 2015

The dollar strengthened to a 12-year high against the yen, reducing the appeal of commodities as a store of value

Oil prices higher in Asian trade

28 May 2015

Oil prices rose in Asia today on expectations that the latest US stockpiles report will show a further dip in crude reserves as traders ...

Oil slips as dollar recovers

27 May 2015

A weaker US dollar makes dollar-backed commodities such as crude oil more attractive for holders of other currencies

Oil drops to $65 on US shale outlook, dollar

26 May 2015

Brent crude was down 45 cents at $65.07 a barrel at 0948 GMT, while US crude, also known as West Texas Intermediate (WTI), was 43 cents ...

Crude oil up by 0.3% on positive Asian cues

25 May 2015

Crude oil futures prices rose 0.31% to Rs 3,825 per barrel today as speculators created positions amid a firm trend in Asia.

Oil prices slip in Asian trade

22 May 2015

Oil prices fell in Asia today, unwinding sharp gains in the previous session that was fuelled by hopes that a global supply glut could end ...

Oil rises for second day as US crude stocks signal glut might ease

21 May 2015

Stockpiles at Cushing, Oklahoma, the nation's biggest storage hub, dropped for a fourth week, data show

Oil prices gain on upbeat US stockpiles report

21 May 2015

Oil prices rose in Asia today after a decline in US petroleum stockpiles and production boosted hopes of an easing in the global supply ...

Oil halts 5-day slump as US crude supply glut seen easing

20 May 2015

Oil's recovery from a six-year low in March has faltered near $60 a barrel amid speculation that rising prices will encourage production

Crude oil up by 0.7% on overseas cues

20 May 2015

Crude oil futures prices rose 0.72% to Rs 3,764 per barrel today as speculators got down to enlarging positions, tracking a firming trend ...

Oil prices rebound from steep losses

20 May 2015

Oil prices rebounded in Asia today following steep losses in the previous session, but analysts said gains were capped by a strong dollar ...

Oil falls for a fifth day as Goldman sees crude at $45 by October

19 May 2015

Futures dropped as much as 1.7 per cent in New York, extending a 2.4 per cent decline in the past four sessions

Crude oil up by 0.2% on overseas cues

19 May 2015

Crude oil futures prices rose by 0.18% to Rs 3,919 per barrel today as speculators engaged in enlarging positions tracking a mixed trend in ...

Oil down as firmer $, bearish outlook offset West Asia tensions

19 May 2015

Goldman Sachs has lowered their Brent crude price assumption from 2016 to 2019 from $70 a barrel to $62-$65 a barrel and for 2020 from $70 ...

Oil heads for weekly gain, shrugs off ample supply

15 May 2015

SINGAPORE (Reuters) - Oil prices were little changed on Friday but set to end the week slightly higher, buoyed by a weaker dollar, ...

Oil prices lower in Asian trade

15 May 2015

Oil prices sank in Asia today on concerns about unrelenting global production levels despite lofty supplies, analysts said.

Oil trades above $67 a barrel

14 May 2015

Oil prices steadied above $67 a barrel in choppy trading on Thursday as the market shook off concerns surrounding the overall glut of crude ...

Oil's not coming back, unless demand accelerates

13 May 2015

Global oil production will rise 1.7 per cent to 95.1 mn barrels a day this year, while demand will increase 1.5 per cent to 93.9 mn, ...

Oil rises above $66 as weaker dollar offsets oversupply concern

12 May 2015

The dollar was down 0.7 per cent against a basket of currencies

Saudi Arabia's April crude output hits record high

12 May 2015

Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and ...

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Market News

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At 11:37, the Sensex was trading higher by 295 points at 27,802 mark and the Nifty gained 92 points at 8,411

BPCL hits new high, HPCL nears record high as Q4 profits beat estimates

HPCL surged 6% to Rs 674, while BPCL hit a new high of Rs 852 on the NSE in intra-day trade.

Mentha oil down by 0.7% on subdued spot demand

Participants trimmed positions, tracking sluggish demand in the spot market

Chana gains by 0.3% on rising demand

Lower output estimates also fueled the uptrend

Crude palm oil slip by 0.2% on profit booking

Speculators booked profits at prevailing high levels coupled with fall in spot demand


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