Page 3 - Brent Oil

Oil prices pull back as US factory data intensifies demand concerns

Brent crude oil futures settled down 53 cents or 0.6% at $84.33 a barrel after hitting $86.04, their highest since October 2018

Top headlines: PM launches 7 defence PSUs; Brent oil surges to $85/barrel

Business Standard brings you the top stories from today

Global energy crunch: Oil prices soar above $80 for first time in 3 years

Natural gas and coal prices rally to record peaks as traders brace for winter crunch

Brent oil benchmark hits 2-year high, WTI crude highest since 2018

Brent crude futures were up 44 cents, or 0.6%, at $72.66 a barrel at 1338 GMT, having earlier touched $72.83, the highest since May 20, 2019.

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

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Demand-driven rise in crude oil prices is good for equity markets: Analysts

From around $35 a barrel on March 13, 2020, Brent oil prices have jumped 91 per cent to around $67 a barrel now

India urges OPEC to stop crude price spike in scratch-my-back diplomacy

IEA projection of rising demand for oil adds to New Delhi's worry

Brent oil rises on weaker dollar though IEA cuts demand outlook

Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said as the coronavirus outbreak continues to impede people's movements

Oil prices fall after earlier gains as rising global Covid-19 cases

The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.

Goldman expects Brent oil prices to reach $65 per barrel in summer 2021

Brent crude fell as much as $1 per barrel on Monday, to trade around $55. Oil prices shed about 20% in 2020.

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Why all eyes will be on the expiry of Brent oil futures this week

Analysts and investors have been wondering if the same will happen to Europe's Brent oil futures

Brent oil futures plunge again as growing glut feeds market panic

Monday and Tuesday have been two of the most turbulent days in the history of oil trading, as investors confronted the reality that worldwide supply will overwhelm demand for months or years

MCX creates history of sorts, settles April crude oil contract in negative

Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks

Coronavirus impact: Brent crude dives over 7% to lowest since 2003

As global oil demand plummets, Saudi Arabia is struggling to find customers for its extra oil, undermining its bid to seize market share by expanding production

Oil plunges to 18-year low as coronavirus lockdowns trigger market meltdown

The decline in the US market in the last 10 days is the largest ever for the contract since it was introduced in 1983

Petrol and Diesel prices cut for third straight day even as brent recovers

Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre

Goldman Sachs cuts Brent forecasts to $30 on price war, Coronavirus impact

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia

High oil prices, global tensions threat to improvement in Indian CAD: DBS

Downbeat sentiments saw USD-INR exchange rate test past 72 to two-month high, while the benchmark equity indices witnessed mayhem on Monday