Page 48 - Oil Prices

Sensex gallops 776 pts, Nifty ends above 17,400; HDFC, IT shares lead

The Midcap and Smallcap indices also surged over a per cent each, and advancing shares outnumbered declining stocks in 2:1 ratio the BSE on Thursday

Oil rallies as Opec meets, but supply concern looms

Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT.

Oil prices rise on growing expectations OPEC+ will hold off output hike

Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday

Oil pares gains, but ends higher after Friday slump amid new variant fear

Oil pared gains late on Monday, but finished the session higher as investors viewed Friday's slump in oil and financial markets as overdone absent more data on the Omicron coronavirus variant

Investors cling to hope as Omicron variant spreads, shares rebound

MSCI's gauge of stocks across the globe gained 0.79%

Oil's Black Friday: Algos and options turn a tumble into a crash

What happens next depends on whether the direst predictions for Omicron's impact are realized

Brent slumps under $80 as investors wary of new variant, Q1 surplus

Oil fell in tandem with other financial markets on fears that the new variant could slow economic growth and restrict movement again

Oil prices slip over 1% amid concerns over global supply surplus in Q1

Oil prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter

Oil prices slip awaiting OPEC+ response to US-led crude release

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

Oil rises as investors sceptical about effectiveness of reserve release

Brent crude futures rose 13 cents, or 0.2%, to $82.44 a barrel by 0742 GMT

Oil prices decline on plans to tap emergency crude reserves

The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday

US set to unveil oil release from emergency stockpile to lower prices

The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday

Oil prices remain under pressure from both supply and demand factors

Prices of the Brent and U.S. West Texas Intermediate crude benchmarks fell more than $1 in early trading, hitting their lowest since Oct. 1

Nasdaq closes at record high, blue-chip stocks, oil sink amid Covid woes

Nasdaq closed at a new record high Friday, but blue-chip US stocks and oil sank amid renewed concerns about COVID-19 that boosted safe havens like the dollar

Oil hovers above six-week low as China readies crude reserve release

Washington's bid to cool markets, asking China to join a coordinated action for the first time, comes as high gasoline prices and other inflationary pressures have sparked a political backlash.

Oil near six-week low as China readies crude reserve release

Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT

Oil prices at 6-week low as China readies for crude oil reserve release

Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7

Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

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

Brent crude futures dropped 79 cents, or 1%, by 1038 GMT to $81.64 a barrel, erasing Tuesday's 38 cent gain