Page 3 - Oil Prices Rise

Oil prices edge up on signs of improving fuel demand, await Fed outlook

Oil prices rose as much as $1 on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve chairman

Oil higher on optimism for firmer crude demand post US stockpile drawdown

Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in US crude stocks.

Oil prices recover from 6-month lows following drop in US stockpiles

Oil prices rose, recovering from 6-month lows, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by recession prospects.

Oil prices edge up on supply concerns after drop to near 6-month low

(Reuters) -Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.

India's July soyoil imports jump to record on duty free buying-dealers

MUMBAI (Reuters) - India's soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi's move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said.

Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike

Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday

India's petrol and diesel sales soar 56% in May on surge in summer travel

India's petrol and diesel sales soared in May on the back of a surge in summer travel to escape from the heat and vacation at educational institutions, preliminary industry data showed

Oil price edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises

MUMBAI (Reuters) -India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said.

Oil swings wildly, rebounds to gains from steep losses in early hours

NEW YORK (Reuters) - Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Oil rates fall 2% as US refiners ramp up output, equities retreat

HOUSTON (Reuters) -Oil prices reversed course and fell over 2% on Wednesday after government data showed U.S. refiners ramped up output, easing worries of a supply crunch, and as traders took cues from a drop in equities market.

Oil slips more than 2% on as recession fears spreads to financial markets

, LONDON (Reuters) -Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

India's edible oil imports to fall for 3rd straight year on record prices

The world's biggest importer of edible oils is likely to make overseas purchases of 12.9 million tonnes in the 2021/22 marketing year ending on Oct. 31

Global equities rise despite inflation forecasts, oil price climbs

Global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment.

Oil climbs on prospect of fresh Russia sanctions by the US and Europe

Global crude futures had settled up more than 3% on Monday on the threat of more sanctions on Russia over civilian killings in Ukraine

Oil prices hit 14-year high on Russia oil ban talks, Iran crude deal delay

Oil prices jumped on Monday to their highest levels since 2008 as US, European allies considered banning Russian oil imports while it looked less likely that Iranian oil would return to global markets

Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts

The Budget and RBI's last policy took a conservative estimate of crude prices $75 per barrel. This is likely to be a challenge going forward, economists say

Rupee slips 15 paise to close at 75.95 to the dollar amid oil surge

At the interbank foreign exchange market, the rupee opened strong at 75.76 against the American dollar but soon entered the negative territory as investors turned towards safe-haven assets

OPEC, allies weigh oil output amid steep hikes, Russian invasion

The OPEC+ coalition of oil producers led by Saudi Arabia and non-cartel members led by Russia are weighing whether to increase oil production by 400,000 barrels per day in April

Oil's journey from worthless in the pandemic to $100 a barrel: An analysis

Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine