Page 21 - Brent Crude

Oil prices rise for fifth week to highest since 2018 on strong demand

Brent futures rose 62 cents, or 0.8 per cent, to settle at US$76.18 a barrel, while US West Texas Intermediate (WTI) crude rose 75 cents, or 1.0 per cent, to US$74.05

Oil climbs as draw in US crude stocks boosts optimism about demand

Oil prices climbed on June 24 after a sharp drawdown in United States crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand

Oil prices jump to more than two-year high as US supplies tighten

Brent crude rose $1.02, or 1.4 per cent, to $75.83 by 8:19 pm IST, having touched its highest since October 2018 at $76.02 after the EIA data

India's gasoline demand recovers as Asia growth remains patchy in pandemic

Stockpiles of light distillates in the distribution hub of Singapore suggest growing oversupply.

Oil prices edge up on strong demand, pause in Iran nuclear talks

Brent crude futures for August gained 30 cents, or 0.4%, to $73.81 a barrel by 0051 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $71.96 a barrel, up 32 cents, or 0.5%

Oil falls below $72 a barrel following Fed's tilt towards tightening policy

A rise in the dollar reduces the appeal of commodities priced in the currency

Brent could touch $80 as economic recovery picks up: Emkay Wealth

The rise, however, could be capped if the dollar strengthens against major currencies

Brent gains for fifth day as demand outlook improves, stocks fall

Brent crude was up 66 cents, or 0.9%, at $74.65 a barrel by 0445 GMT, the highest since April 2019

Oil prices rise as threat of immediate extra supply from Iran recedes

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session

Oil prices extend 3-week gains as demand outlook improves, supplies tighten

Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand

Oil rally has more room, Brent expected to hit $80 per barrel: Goldman

US investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue

Oil prices retreat, but heads for third weekly rise on demand recovery

Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday

Oil climbs on signs of strong fuel demand recovery in western economies

Brent crude futures were up 32 cents, or 0.4%, at $72.54 a barrel at 0640 GMT, having earlier touched $72.83, the highest since May 20, 2019.

Oil prices retreat as investors await Iran nuclear talks this week

Brent crude futures for August fell 66 cents, or 0.9%, to $71.23 a barrel by 0645 GMT, after earlier hitting $72.27, their highest since May 2019

Petrol crosses Rs 100/litre mark in Leh, Andhra Pradesh, Telangana

After Rajasthan, Madhya Pradesh and Maharashtra, petrol price has crossed the Rs 100 per litre mark in Leh, in nearly all districts of Andhra Pradesh and parts of Telangana

Crude oil prices slip on patchy coronavirus vaccine rollout concerns

Brent crude was down 29 cents, or 0.4%, at $71.02 a barrel by 0057 GMT, after falling 4 cents

Gold is in overbought zone, trade cautiously: Bhavik Patel of Tradebulls

Gold's next move is expected on Friday when the US Labor Department releases its non-farm payrolls report for May

This time is different: Outside OPEC, oil firms aren't raising production

Oil industry is on the ropes, constrained by Wall Street investors demanding that companies focus on returning more money to shareholders.

Oil prices little changed as Iran concerns offset rosy demand outlook

Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%

Oil stocks are the best cyclical, economy reopening bet: Chris Wood

Global markets, according to a note by Goldman Sachs, are currently underestimating the demand for oil