Page 4 - Oil Prices Jump

Oil prices increase ahead of Opec+ meeting on extended output cuts

OPEC+ producers are considering extending their output cut of 9.7 million barrels per day (bpd), about 10 per cent of global production, into July or August

Oil rises 3% to $63 after Iran shoots down US drone raising conflict fears

Brent crude, the global benchmark, was up $1.73 at $63.55 a barrel at 1218 GMT, having earlier gained 3.3% to $63.88. US West Texas Intermediate crude rose $1.84 to $55.60

Climbing oil prices put India's benign inflation outlook at risk

Data due Friday will probably show headline inflation quickened to 2.8 per cent last month from 2.5 per cent in February

Start reducing oil prices or expect demand to sink, India warns OPEC

If prices continue rising at the pace they've been gaining in the past month and a half, the South Asia nation's consumers will likely see alternatives such as electric vehicles and gas

Oil prices jump as US sanctions on Iran threaten to affect crude volume

But the world oil market is already tight with unplanned disruptions in Canada, Libya and Venezuela removing supply

Oil prices open at $67 per barrel; highest since 2014

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish

Oil prices climb on escalating conflict in Iraq, new US sanctions

Prices were also underpinned by worries over renewed US sanctions against Iran

Oil jumps amid Iraq conflict fears, US sanctions on Iran

International Brent crude futures were at $57.82 at 0645 GMT, up 65 cents, or 1.1% from the previous close