Page 38 - Oil Prices

Oil prices edge lower on profit-taking, interest rate hike worries

Oil prices typically move inversely to the U.S. dollar, with a stronger greenback making commodities more expensive for those holding other currencies

Oil struggles to hold gains amid mixed demand view as Omicron cases surge

Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of Omicron variant surge

Oil hit two-month highs on US crude inventories fall, weaker dollar

Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018

Oil jumps nearly 4% as Omicron variant impact seen as short-lived

Oil soared nearly 4% on Tuesday, supported by tight supply and expectations that rising coronavirus cases

Oil gains before US stockpiles data as China tackles Omicron variant

West Texas Intermediate (WTI) added 0.9 per cent after capping a two-day drop

Oil rises towards $82 per barrel as demand recovery seen on track

OPEC supply additions are running below their allowed increase under a pact with allies due to a lack of capacity in some countries

Oil prices fall on demand concerns, Omicron fears and rising Libyan output

Oil prices fell Monday as concerns about demand fears stoked by the rapid global rise in Omicron coronavirus infections overtook concerns about oil supply reduction from Kazakhstan

Oil prices swing as easing supply issues wrestle strong demand

Brent crude rose to trade near $82 a barrel after earlier swinging between gains and losses

Oil drops for second session on concerns over rising Covid-19 cases

Oil lost more ground on Monday as rapidly climbing cases of the Omicron Covid-19 variant hit economic activity

Oil prices prep for third weekly advance as supply lines fray

Futures increased again on Friday to trade near $80 a barrel in New York

Oil prices jump on supply disruption worries amid Kazakhstan unrest

Oil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the same time output has dropped in Libya

Oil rallies even as OPEC+ boosts output, US fuel demand dips

Brent crude futures ended up 80 cents, or 1%, to $80.80 a barrel. U.S. West Texas Intermediate (WTI) crude futures closed up 86 cents, or 1.1%, to $77.85.

Crude oil prices hold near $80 after OPEC+ output hike decision

Brent crude futures were up 37 cents, or 0.46%, to $80.37 a barrel by 1210 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.38%, to $77.28

Indian bond yields stabilise after early spike tracking oil prices

India's benchmark 10-year bond yield was trading steady on the day at 6.52% by 0655 GMT, after earlier rising to 6.54%, its highest level since Jan. 31, 2020

Oil steadies as investors weigh impact of surge in Omicron cases

The United States reported nearly 1 million new coronavirus infections on Monday, the highest daily tally of any country in the world

OPEC and allies to decide crude oil output amid omicron spike

Analysts say the group is likely to add 400,000 barrels of oil per day in February, sticking with the road map it has followed since August

Oil rises on 2022 demand optimism as OPEC+ to agree to output hike

Oil settled higher on Monday on hopes of further demand recovery in 2022, despite OPEC+ looking set to agree to another output increase

Oil starts 2022 with rally towards $79 as Omicron impact concerns ease

Brent crude rose 95 cents, or 1.2per cent, to US$78.73 a barrel as of 0923 GMT. U.S. West Texas Intermediate (WTI) crude added US$1.03 or 1.4per cent, to US$76.24

Oil starts new year on positive note, pandemic worries curb gains

Oil prices rose on Monday as the market kicked off 2022 on a positive note, although concerns over demand waning due to rapidly spreading Covid pandemic limited gains

Oil heads for biggest annual gains since 2009; Brent to post 50% gains

Global oil prices are expected to rise further next year as jet fuel demand catches up