Page 8 - Oil Prcies

Oil falls as OPEC+ sticks to regular output increase

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, decided on Thursday to release more oil into the market in January in line with previous months

Help oil firms with funds, don't pressure public: Gehlot to Centre

Gehlot said inflation has shaken people across the country and there is a need to curb it

Oil prices hit 2-month low over new Covid-19 variant; cryptocurrencies tank

Oil fell with global equities markets on fears the variant could dampen economic growth

China so far non-committal to Washington's oil release, OPEC+ unmoved

On Wednesday, China said it was working on its own reserves release

Wall Street shares mixed after Fed minutes; US Treasury yields near highs

Oil prices were largely steady as investors questioned the effectiveness of a U.S.-led release of oil from strategic reserves

Oil prices stabilise after swings on prospect of crude stockpiles release

Brent crude was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week low on Thursday before rebounding to close 1.2% higher.

Stocks dip amid inflation woes, oil drops on concerns of oversupply, demand

The prospects of speedier interest rate hikes from the Federal Reserve and ongoing supply chain disruptions weighed on Wall Street, while oil dropped on concerns of oversupply and dwindling

Oil prices drop on oversupply warnings, rising Covid-19 cases

Brent crude futures dropped 32 cents, or 0.4%, by 1410 GMT to $82.11 a barrel

Oil prices slide on expectations of higher supply, weaker demand

The fall came after UN climate talks ended Saturday with a deal that for the first time targeted fossil fuels

Oil on longest weekly run of drops since March amid SPR pressure

President Biden kept investors guessing about whether he'll act to tame oil prices

Oil rises in US as crude stock falls unexpectedly after travel ban lift

Brent crude futures climbed 32 cents, or 0.4%, to $85.10 a barrel by 0416 GMT, after rising 1.6% on Tuesday.

Oil edges up on rising demand forecasts, ahead of US price outlook

The rally came ahead of the U.S. Energy Information Administration's (EIA) release of oil and gasoline price predictions

Oil rises on expectation high natural gas to drive switch for heating

Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday.

Oil gains amid supply restraint, rising energy demand; WTI tops $80

Oil prices rose on Monday, extending multiweek gains as economies try to recover from the coronavirus pandemic

Oil prices rebound from 7-day losing streak as investors snap up bargains

Brent crude futures climbed 60 cents, or 0.9%, to $65.78 a barrel by 0158 GMT, after hitting the lowest level since May 21 of $64.60 earlier in the session

Oil dips but hovers near three-year highs on recovery signs

Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports also helped prices.

Oil nears $70 as data shows bigger-than-expected drop in US crude stocks

Brent crude futures were up 49 cents, or 0.7 per cent, at $69.37 barrel after touching a more than seven-week high of $69.78 earlier in the session

Oil settles near $70 a barrel on hopes of recovering demand in second half

Benchmark Brent settled down 41 cents, or 0.6%, to $69.22 a barrel. U.S. West Texas Intermediate crude also ended down 41 cents to $65.61 a barrel.

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

Here's what triggered Sensex's 1,145-point crash on Monday

Index heavyweights, Reliance Industries, HDFC, TCS, ITC and ICICI Bank were among the top Sensex drags