Page 60 - Oil Prices

Oil prices fall for second session as Covid lockdown concerns cast pall

Brent crude futures for March fell 15 cents, or 0.3%, to $55.26, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%

Oil up 1% on stimulus hopes, tightening market ahead of Biden inauguration

Brent crude was up 53 cents, or 1%, at $56.43 a barrel

Indices end at record closing; Sensex up 394 pts at 49,792, Nifty at 14,645

Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent

Oil drops over 2% on China lockdowns due to outbreak, US unemployment data

Both benchmarks, which hit their highest in nearly a year earlier in the week, were are heading for their first weekly declines in three weeks

Oil prices mixed as lockdowns in Chinese cities raise questions on demand

Oil prices were mixed as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus

Oil prices ease as Covid surge, lockdowns outweigh Chinese, US data

Brent's six-month backwardation, whereby contracts for later delivery are cheaper, fell to its lowest since Jan. 5, indicating bullish sentiment easing

Oil prices fall after earlier gains as rising global Covid-19 cases

The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.

Oil hits 11-month high near $57 a barrel on tight supply expectations

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check

Crude oil prices sapped over investors' concern on rising coronavirus cases

US crude oil stockpiles likely fell for a fifth straight week, while refined products inventories were seen up last week

Goldman expects Brent oil prices to reach $65 per barrel in summer 2021

Brent crude fell as much as $1 per barrel on Monday, to trade around $55. Oil prices shed about 20% in 2020.

Oil prices fall on renewed coronavirus concerns as China cases mount

Oil prices fell on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user

India's December fuel demand scales 11-month peak as recovery gathers pace

On an annual basis, demand slipped by 1.8%, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Indices snap 10-day winning streak; Sensex tanks 264 pts; ITC, RIL drop 3%

In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.

Oil prices touch multi-month highs as OPEC+ expected to hold output

Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

Oil prices flat; US crude stock draw supports but demand hopes dim

Oil prices found some support on Wednesday from the U.S. dollar hitting its lowest against a basket of currencies since 2018, making oil cheaper for holders of other currencies

Oil rises on hopes US Covid pandemic stimulus will spur fuel demand

Global shares rose for a fourth straight session on Tuesday on the U.S. stimulus hopes

Copper near 7-year high as investors regain nerve; gold and oil firm up

Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday's peak of $8,028, its highest since 2013