Page 57 - Oil Prices
Petrol price cut by 21 paise, diesel by 20 paise for second consecutive day
Petrol now costs Rs 90.78 per litre in Delhi and a litre of diesel comes for Rs 81.10
 "Petrol price cut by 21 paise, diesel by 20 paise for second consecutive day")
Oil gains more than $3/bbl after Suez Canal ship grounding
NEW YORK (Reuters) - Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.
 "Oil gains more than $3/bbl after Suez Canal ship grounding")
Fuel prices cut for first time in a year ahead of Assembly elections
Reduction, which comes ahead of Assembly elections, may not last as crude oil prices rise with Suez Canal blockage
 "Fuel prices cut for first time in a year ahead of Assembly elections")
Oil extends losses in post-settlement trade on oversupply worries
Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness
 "Oil extends losses in post-settlement trade on oversupply worries")
Oil prices rise more than 2% but post weekly decline on demand fears
Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon
 "Oil prices rise more than 2% but post weekly decline on demand fears")
Oil prices edge higher after sell-off driven by fuel demand concerns
Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel
 "Oil prices edge higher after sell-off driven by fuel demand concerns")
Oil prices steady after overnight sell-off as demand doubts persist
Oil prices plunged 7% for a fifth day in a row on Thursday
 "Oil prices steady after overnight sell-off as demand doubts persist")
Oil hits skids, drops 7% on worsening outlook for coronavirus in Europe
Several large European economies have had to reimpose lockdowns as caseloads rise, while vaccination programs are slowing due to concerns about side effects of the AstraZeneca vaccine
Oil prices fall 2% as inventories rise and vaccine rollout stalls
A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off
Oil prices drop for fifth straight day after US inventories rise
Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.
Oil climbs as drop in US crude stocks outweighs European vaccine woes
Brent crude futures rose 35 cents, or 0.5%, to $68.74 a barrel, after initially falling as much as 27 cents
Oil steady as demand worries counter surprise drop in US crude stocks
Oil prices were mixed as concerns over rocky demand in Europe counterbalanced hopes of a recovery in US refinery activity as industry data showed US crude stockpiles unexpectedly fell last week
Oil ticks up on global economic outlook, plummeting US fuel inventories
NEW YORK (Reuters) - Oil prices rose on Wednesday on an upbeat forecast for global economic recovery and as U.S. gasoline inventories plummeted, but prices were limited due to a surge in crude oil inventories in the aftermath of last month's Texas winter storm.
Oil dips after surge in U.S. crude inventories
By Laila Kearney
Oil prices rise on expected economic recovery, US $1.9 trillion relief bill
Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the US
Oil nearing $70 worries consumer nations, may hamper economic recovery
Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries
 "Oil nearing $70 worries consumer nations, may hamper economic recovery")
Top headlines: Brent hops past $70; Tata Motors to hive off PV business
Business Standard brings you top news of the evening
 "Top headlines: Brent hops past $70; Tata Motors to hive off PV business")
Oil prices hit almost 14-month high after OPEC+ extends output cuts
Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32
Indices end lower for 2nd day; Sensex drops 441 pts but up 2.5% this week
On the upside, ONGC, Maruti Suzuki, Nestle India, Titan, Reliance Industries, and L&T supported the markets with up to 2.5 per cent gains
 "Indices end lower for 2nd day; Sensex drops 441 pts but up 2.5% this week")
OPEC, allies agree to keep oil production cuts unchanged, prices jump
Under the deal, non-OPEC countries Russia and Kazakstand can make small production increases
 "OPEC, allies agree to keep oil production cuts unchanged, prices jump")