Page 24 - Crude Oil Prices

Don't cut fuel taxes

Roll-back will increase fiscal risks

Oil holds near 13-month high, supported by sharp drop in US output

U.S. West Texas Intermediate was down 49 cents or 0.8% at $62.73, after also hitting a 13-month high of $63.79

Oil prices rise 1% as Texas freeze prompts US production drop

NEW YORK (Reuters) - Oil climbed more than 1% on Wednesday as frigid Texas temperatures curtailed production in the largest U.S. crude producing state, with the unusual cold weather expected to hamper output for days or even weeks.

Bright Q3 at paint firms drives earnings upgrades, crude price a concern

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

Oil prices ease after record rally as OPEC, IEA fret about demand

Brent futures fell 33 cents, or 0.5%, to settle at $61.14 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.8%, to settle at $58.24.

Rising global crude oil prices may spoil D-Street party, say experts

Brent Crude has surged more than 60 per cent since November, crossing $61 a barrel for the first time in 13 months

Asian fuel oil margin hits a year high, supply tightness to persist in 2021

The front-month VLSFO margin was at $15 per barrel above Dubai crude on Tuesday, its highest since Feb. 20 and up from $11.75 a barrel at the start of the year, according to Refinitiv data in Eikon

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

Brent hits $60 as supply cuts and US stimulus hopes boost prices

Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while US West Texas Intermediate rose 68 cents, or 1.2%, to $57.53 a barrel

Oil prices dip on rise in virus cases; US stock draw checks losses

Oil prices eased for a second day as mounting coronavirus cases globally raised demand concerns, although a drawdown in US crude stocks for a fifth straight week capped losses

India's December fuel demand scales 11-month peak as recovery gathers pace

On an annual basis, demand slipped by 1.8%, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels

Oil near 10-month high after Saudi Arabia's unilateral supply cut

Futures in New York rose 0.2 per cent, but gave up some earlier gains after failing to rise above the lows set in June 2019, a level seen as providing technical resistance

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Oil prices slip before OPEC+ resumes meeting on February output levels

Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day

Oil little changed as investors await OPEC+ decision on February output

Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns

Oil set for 20% drop in 2020 as coronavirus lockdowns weigh on economy

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy

Oil and gas price volatility likely to continue in 2021, say experts

Experts say refiners in Asia may continue to see stressed crack spread

Oil prices slip amid worries over fast-spreading new coronavirus strain

Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel

Oil prices hit 9-month high on US stimulus deal, refining demand in India

Oil climbed and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India

Oil prices slip on surprise gain in US inventory, demand squeeze worries

Oil prices dropped on a surprise gain in crude oil inventories in the US and as investors continued to worry about demand for fuel being squeezed amid Covid-19 lockdowns