Page 21 - Brent Crude Oil

Oil hits seven-year highs as rally extends to a 7th week

Brent crude rose $2.16, or 2.4%, to settle at $93.27 a barrel having earlier touched its highest since October 2014 at $93.70

Oil hits seven-year highs as US storm heightens supply concerns

A massive winter storm swept across central and northeast regions of the United States on Thursday, knocking out power to thousands

Oil rises near seven-year high as OPEC+ sticks to output plan amid pressure

A source told Reuters that OPEC+ agreed to increase oil production by 400,000 bpd from March after a short meeting

OPEC+ decides oil output amid concern over Russia, Ukraine

Higher oil prices are sending reverberations throughout the global economy in terms of higher consumer inflation in the U.S. and Europe and costlier fuel for heating, flying and driving

Oil climbs toward 7-year highs on US stock draw, eyes on OPEC+ move

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year

Oil dips below $89 on potential for faster supply boost

While the OPEC+ has been expected to maintain its policy of gradual production increases at a meeting on Wednesday, Goldman Sachs said there was a chance of further steps

Oil climbs on lower supply and post-pandemic recovery

'The market is maintaining a bullish tone on expectations that supply tightness will continue as demand is picking up, with receding fears over spreading Omicron coronavirus variant,'

India dials oil producers to raise output as Brent tops $90 a barrel

The high prices mean pressure on OMCs to raise domestic auto fuel prices, a move that has been kept in abeyance in light of looming assembly elections in five states

Oil falls as looming US rate hikes spook investors

Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user

Oil falls on profit-taking as Brent surges $90 barrel on US rate hike buzz

Futures pulled back amid a broader decline in financial markets triggered by the March interest rate increase telegraphed by the Fed and a surge in the U.S. dollar

Brent near $80 a barrel as market shrugs off Omicron variant

Omicron-induced staff shortages led to thousands of flights cancellations over the Christmas weekend in the US

Oil price rises as investors focus on OPEC+ decision amid Omicron fears

Brent crude futures rose 85 cents, or 1.2%, to $69.72 by 0402 GMT, having eased 0.5% in the previous session

Oil prices slide on expectations of higher supply, weaker demand

The fall came after UN climate talks ended Saturday with a deal that for the first time targeted fossil fuels

Crude oil prices slide amid fears of supply boost, weakening demand

Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT. U.S. West Texas Intermediate (WTI) crude lost 58 cents, or 0.7%, to $80.21 a barrel

Oil steady amid rosier outlook for global economy, strong fuel demand

Brent crude was down 2 cents at $83.41 a barrel by 0735 GMT, after gaining 0.8% on Monday

Oil falls to near 4-week low after big build in US inventories

Biden blames higher oil and gas prices on OPEC; EIA shows bigger than expected jump in crude inventories

UBS increases its Brent forecast to $90 a barrel in December-March

Investors with a high risk tolerance can still add exposure to longer-dated Brent oil contracts

Brent rises to $85 as energy crisis stokes demand before winter

Brent is set for a sixth straight weekly gain in the wake of robust demand and limited supply

Brent crude trades near $85-mark; experts expect further rise

"Oil prices are likely to continue climbing in the short term," said Commerzbank analyst Carsten Fritsch

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit