Page 62 - Oil Prices

Oil prices gain as Covid-19 vaccine hopes outweigh lockdown impact

Brent crude futures rose 53 cents, or 1.3%, to $42.93 by 1435 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 1.3%, to $40.83

Oil prices drop as near-term demand concerns overshadow vaccine hopes

U.S. West Texas Intermediate (WTI) crude CLc1 futures dropped 81 cents, or 2%, to $39.48 a barrel

Oil prices soar about 8% on promising coronavirus vaccine results

NEW YORK (Reuters) - Oil surged about 8% on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe.

Oil climbs as President-elect Biden's win triggers broader market rally

Futures rose 2.5 per cent, following equity markets higher as more certainty emerged from the outcome of the vote

Oil prices drop 4% as US vote count continues, coronavirus cases rise

France reported record coronavirus cases, intensifying concerns that additional lockdowns in Europe could weigh on demand

Oil falls nearly 1% amid European lockdowns, US election uncertainty

The Bank of England increased its bond-buying stimulus as it prepared for economic damage from new coronavirus lockdowns and the looming risk of Brexit

Oil falls over 1% as markets whipsawed by US election uncertainty

Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package

Oil prices rise 2% but traders brace for wild ride on US Election Day

Brent futures rose 84 cents, or 2.2 per cent, to $39.81 a barrel by 1:58 p.m.

Volatile oil prices poised for second monthly decline on Covid-19 concerns

US West Texas Intermediate (WTI) crude fell 47 cents to $35.71 after dipping to its lowest since June on Thursday at $34.92

Petrol, diesel prices on freeze: IOC says international trend range-bound

State-owned Indian Oil Corp (IOC) on Friday said international oil prices have been range-bound in the last few weeks, warranting no revision in retail petrol and diesel rates.

Oil plunges over 5% as pandemic surges, US crude stockpiles, output soar

Also weighing on the market, US crude stockpiles rose more than expected last week as production surged in a record build

BP reports net profit at $100 million in Q3 on stronger oil prices

Compared with a forecast of a loss of $120 million in a company-provided survey of analysts

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

Libya reopens last of its major oil fields in another blow to OPEC+

Oil drops as Libya's NOC lifts force majeure on El Feel field

Oil prices fall on rising Covid-19 cases, Libya's fast growing production

On the supply side, Libya's National Oil Corp (NOC) said it had lifted force majeure on the El-Feel oilfield.

Oil prices extend losses on surge in Covid cases, increasing Libyan output

Brent LCOc1 was down 80 cents, or 1.9%, at $40.97 by 1121 GMT. U.S. West Texas Intermediate (WTI) dropped 82 cents, or 2.1%, to $39.03. Both contracts fell almost 2.5% last week

Oil falls about 2% on Libyan crude output, coronavirus demand concerns

US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent

Oil prices slide as US inventory report reflects demand weakness

Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent

Oil prices decline with OPEC+ warning of precarious market outlook

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition's committee meeting on Monday, called on the group to be proactive in the face of uncertain demand

Oil prices slip on rising coronavirus cases, oversupply and demand concerns

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures