Page 9 - Oil Prices

Crude oil edges higher as geopolitics outweighs global demand concerns

The front-month U.S. West Texas Intermediate crude futures contract for February delivery was up 31 cents at $73.72 a barrel in tepid trade

Crude oil prices rise 1% to $78.96 a barrel on flaring West Asia tensions

Brent crude futures gained 81 cents, or about 1.04%, to $78.96 a barrel at 1333 GMT. The contract had lost 14 cents on Monday

Oil prices set to end year 10% lower as demand concerns snap winning streak

Both benchmarks are set to end 2023 about 10% lower after two years of gains as geopolitical concerns and oil production cuts drove wild fluctuations in prices

Red Sea chaos has shippers bracing for weeks without key trade route

So shippers are sending vessels the long way around Africa, adding $1 million in costs - and seven to 10 days - to each voyage. Oil prices are creeping higher

10-yr bond yield logs biggest weekly fall; gold set to sizzle, oil rises

The benchmark 10-year bond yield ended at 7.16 per cent, after closing the previous session at 7.19 per cent

Gas firms seek price deregulation as city distribution targets fall behind

Regulator warns them of losing bank guarantees as investors show little interest in gas economy

Oil drops 2% as markets mull OPEC+ cuts' efficacy, macroeconomic slowdowns

Brent crude futures fell $1.59, or 2.06%, to $75.61 a barrel by 1454 GMT. US WTI crude futures fell by $1.67, or 2.31%, to $70.65 a barrel

Sensex leaps 493 pts, Nifty ends at record closing high of 20,268

Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade

Saudi Aramco forecast to cut oil price to Asia as competition heats up

The state-owned Saudi Arabian producer will reduce the official selling price of Arab Light by $1.05 a barrel for January from the previous month, according to the median estimate

Crude oil prices rise on weak dollar, expectations for OPEC+ output cuts

Brent crude futures were up 11 cents, or 0.1%, at $80.09 a barrel at 0510 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading 4 cents higher, also 0.1%, at $74.90 a barrel

Oil tumbles 4% as Opec+ meeting on output cut 'unexpectedly' delayed

Opec+ delayed its ministerial meeting to Nov 30 from Nov 26 as previously scheduled, Opec said in a statement, a surprise development that gave no reason for the postponement

'Waiting for the thank you': S Jaishankar on India softening oil markets

At an event in London, Jaishankar said that India's approach to oil purchases prevented a surge in global oil prices, preventing potential competition with Europe in the market

Centre cuts windfall tax on crude oil to Rs 6,300/tonne, halves for diesel

Windfall tax: The levy on the export of jet fuel and petrol will continue to be zero

Oil price falls on high US production, despite strong demand signals

In signs of healthy U.S. crude supply, American Petroleum Institute figures on Tuesday showed rising crude oil and gasoline inventories last week

New Samvat 2080: A year of hope for industrial and precious metals

So far, the rally in gold prices, driven by conflict in West Asia, is not sustaining because the US appears to have deterred Iran from escalating the conflict through its proxies

Oil wavers on weak demand outlook in US and China, Fed hedging

Prices gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, recording a three-week losing streak for the first time since May

Oil sputters to three-month lows as demand concerns mount in US, China

Brent crude futures fell $1.68, or 2%, to $79.93 a barrel by 11:00 am EST (1600 GMT). US crude lost $1.78, or 2.3%, to $75.59. Both benchmarks hit their lowest since late July

Crude oil dives 3% to lowest since July on demand worry, strong dollar

Brent crude futures fell $2.95, or 3.5%, to $82.23 a barrel as of 1:41 p.m. ET (1841 GMT). U.S. West Texas Intermediate crude fell to $77.94 a barrel, down $2.88, or 3.6%

Oil prices up 1.5% as Saudi Arabia and Russia stick to supply cuts

Oil was rebounding after both benchmarks lost about 6 per cent in the week to November 3

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices