The weakening outlook has piled pressure on OPEC+ to delay a supply increase of 2 million bpd scheduled for January, which the market is now pricing in
Oil prices rose nearly 4% after President Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories
Oil prices gained nearly 3%, rebounding from several days of losses built on concerns of rising coronavirus cases, one day before the end of US presidential election voting
The double whammy of falling demand and growing supply pushed futures in New York down as much as 6 per cent in early Asian trading
Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%
Futures have tumbled 9.8% this month in New York and they're near the lowest since late May in London
Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout
A historic crash in oil prices along with a glut of fracking after years of debt-fueled growth has triggered a crisis that's driven some US producers into bankruptcy
India aims to more than double its gas consumption by 2030
Brent was down 99 cents, or 2.37 per cent, at $40.78 by 8.28 pm IST. US West Texas Intermediate (WTI) dropped $1.13, or 2.84 per cent, to $38.72. Both contracts fell almost 2.5% last week
Brent fell 2.7% last week and WTI dropped 2.5%
Saudi Arabia regained the top spot in China's oil purchases last month after losing that rank to Russia for the previous two months, data showed
U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.7%, to $39.76 a barrel at 0127 GMT, after skidding 4% on Wednesday
Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to 490.6 million barrels, data from industry group the American Petroleum Institute (API) showed
Adding to pressure, worldwide COVID-19 cases crossed 40 million on Tuesday, with some parts of Europe imposing renewed lockdown measures
"I think quarter two, 2021 will be more attractive to every aspect of our business," Ihsan Abdul Jabbar told the CWC Iraq Petroleum conference
Brent crude futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT, after falling 31 cents on Monday
Oil markets climbed for a third day despite a resurgence in Covid-19 infections across Europe potentially denting fuel demand
On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness