Page 23 - Brent Crude Oil

Top headlines: Brent hops past $70; Tata Motors to hive off PV business

Business Standard brings you top news of the evening

Brent cracks $70 for 1st time since Covid after Saudi facilities attacked

Brent crude futures jumped above $70 a barrel for the first time since Covid pandemic began, while US crude touched its highest in over two years, following reports of attacks on Saudi oil facilities

Why costly diesel burns a bigger hole in your pocket than petrol

While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use

Brent crude oil prices give up gains after rising above $65 on Texas freeze

U.S. West Texas Intermediate (WTI) crude futures rose 5 cents to $61.19 a barrel, after earlier reaching $62.26, the highest since Jan. 8, 2020

D-Street party continues; Sensex ends 610 pts higher at 52,154; banks rally

The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels

Brent crude above $60 a barrel after over a year amid demand recovery

It's another milestone in a stellar comeback from the biggest demand destruction in a generation after the pandemic forced countries to lock down, devastated economies and grounded planes

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Commodity markets to end 2020 on strong note with vaccine, stimulus news

Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the coronavirus pandemic

Rising inflation, crude oil are a new worry for financial markets: Analysts

Over the past one month (since November 13), Brent crude oil prices have surged nearly 18 per cent to $50.34 a barrel now

Global oil demand unlikely to get vaccine boost until later in 2021: IEA

Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains

Oil market's reliance on China shows narrowing options

Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021

Brent crude tumbles below $40 in wake of faltering demand outlook

A stall in Asia's recovery, the end of the US summer driving season and increased supply from the OPEC+ alliance signal a bleak short-term outlook for oil prices

Oil falls 1% on lacklustre demand, set for biggest weekly drop since June

Brent crude fell 44 cents to $43.63 a barrel by 0325 GMT, while U.S. West Texas Intermediate was at $40.94 a barrel, down 43 cents and set for its first weekly drop in five weeks.

Brent crude oil prices climb on US output cuts, China trade deal hopes

Brent crude oil futures added 10 cents, or 0.2%, to $45.96 a barrel by 0642 GMT

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

Oil set for fragile recovery as economies limp towards normalcy: Survey

The poll projected global demand to contract by between 7.2 and 8.5 million barrels per day (bpd) this year, versus last month's 6.5-8.7 million bpd prediction

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge

Both benchmarks rose 2% on Wednesday following a sharp drawdown in US crude inventories

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark