Page 87 - Crude Oil Price

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Oil gains on weaker dollar, unexpected rise in US crude oil inventories

A weak greenback makes dollar-denominated commodities such as crude oil cheaper to holders of other currencies.

Oil falls on surprise build in US stocks, Trump threat to relief spending

US WTI crude futures fell 46 cents, or 1%, to $46.56 a barrel at 0142 GMT, while Brent crude futures dropped 46 cents, or 0.9%, to $49.62.

Oil prices rise above $50 as Covid vaccine optimism offsets new lockdowns

The United States began vaccinating people on Monday as the country's Covid-19 death toll crossed the 300,000 mark

Oil prices dip as tighter Covid lockdowns in Europe cast shadow on demand

Oil prices dipped in early trade, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East

Oil prices rise on Covid-19 vaccine hopes, tanker blast at Saudi Arabia

Brent crude futures for February rose 54 cents, or 1.1 per cent, to $50.51 a barrel by 09.50 GMT, while US West Texas Intermediate crude futures for January were up 46 cents, or 1 per cent

OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report

Oil pulls back amid New York coronavirus curbs, gains for a 6th week

Brent futures settled down US28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high

Oil prices set for weekly gain amid coronavirus vaccine rollouts

Brent was up 30 cents or 0.6 per cent at $50.55 a barrel by 1:22 pm IST, after gaining nearly 3 per cent on Thursday

Oil & Gas shares in focus; ONGC, Oil India, Gail rally up to 10%

On Thursday, Brent Crude prices crossed $50 per barrel-mark for the first time since March on demand recovery and hopes of Covid-19 vaccine

Back from the Covid abyss: Oil stages remarkable turnaround; back above $50

It's possible the market is getting ahead of itself though, with key technical indicators signaling benchmarks are overbought and U.S. inventories recently piling higher

Crude oil's run towards $50/barrel mark could run out of fuel in 2021

Covid-19 infections remain at peak levels globally, decimating demand for transport fuels, the mainstay of oil use

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Oil rises for 5th day straight on surprise fall in US stocks, vaccine hopes

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session

Oil prices keep rising after eight-month high on demand optimism

Futures in New York climbed around 1 per cent to trade above $45 a barrel as a broader financial markets rally continued

Oil takes breather after coronavirus vaccine rally as stockpiles rise

US oil edged lower, after an industry report showed crude stockpiles in United States rose against expectations, tempering a rally driven by news that another vaccine had proved effective in trials

Oil closes at highest level since March on vaccine trials, Biden transition

Brent crude settled at $47.86 a barrel, gaining $1.80, or 3.9%. U.S. West Texas Intermediate crude settled at $44.91 a barrel, rising $1.85, or 4.3%.

World stocks ease further from highs, oil dips on Covid-19 restrictions

Positive news about potential vaccines had helped push the MSCI World Index to a record high earlier in the week

Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes

The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week.

Crude oil prices jump over 4% on latest Covid-19 vaccine progress

Brent crude futures for January were up $1.79, or 4.2 per cent, to $44.57 a barrel by 7:50 pm (IST), while U.S. West Texas Intermediate crude for December was up $1.84 or 4.6 per cent to $41.97