Page 5 - Oil Prices Rise

Oil prices up, but remain on track for biggest weekly drop in months

U.S. crude for August rose 42 cents, or 0.6%, to $72.07 a barrel, on track for a 3.4% decline, its largest weekly drop since April.

Oil resumes climb as US crude inventories fall more than expected

Oil prices rose after data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America

Oil price rises nearly 2% on US vaccine rollout, Middle East tension

Crude prices have remained rangebound in the past three weeks, as growing expectations of surging U.S. economic activity are balanced by the slow rate of vaccination in Europe

Top headlines: Tatas win in court against Mistry; Air India sale in June

From financial bids for Air India to Mahindra's new chief-here are top headlines this evening

Sensex sheds 397 points today: Five key factors behind the fall

Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall

Gold prices jump and rupee rises to 4-month high as dollar falters

Brent crude, too, rose in line with the broader financial market and its futures reached $53.33 a barrel, the highest since March 2020

Oil edges higher after Brexit trade deal, gains capped by pandemic

The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains, and then rebounded during the US session to end modestly higher.

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 hit highest since March on vaccine and Biden transition

AstraZeneca on Monday said that its COVID-19 shot was 70% effective in trials and could be up to 90% effective

Oil rises after Donald Trump falsely claims victory in tight US election

A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led oil production cuts to support prices

Oil rebounds; rises nearly 3% a day before US presidential election voting

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

Oil prices rise towards $41 on US Gulf shutdowns, weak outlook

Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta.

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Oil prices rise to 5-month high on weak dollar, US crude stockpiles

Oil also drew support from signs that talks between the White House and Democrats in Congress on a new coronavirus relief package are making progress, although the sides remain far apart

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and US West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel

Oil prices, fuel demand recover as countries ease Covid-19 restrictions

The lifting of some coronavirus curbs is driving a recovery in gasoline demand with traffic congestion in some of the world's capitals returning to year-earlier levels

Oil prices up on surprise decline of US inventories; demand concerns linger

Prices have risen in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns, giving hope for a pickup in fuel demand

Oil prices rise as Saudi Arabia pledges to deepen production cuts in June

US West Texas Intermediate (WTI) crude futures were up 1 per cent, or 24 cents, at $24.38 after touching a high of $24.77

With record excise duty hike on fuel, Modi govt may gain Rs 1.6 trn in FY21

Together with Rs 39,000 crore in annual revenues gained from the March 14 excise duty hike of Rs 3 per litre each on petrol and diesel, the government stands to gain as much as Rs 2 trillion