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Page 2 - Us Crude Oil

Crude oil: 4 factors keep outlook bullish for WTI; check near-term strategy

Crude oil price outlook: WTI short term resistance is at $82 for the day, while short term trading range should be in range of $77-$82

Crude oil: 4 factors keep outlook bullish for WTI; check near-term strategy
Updated On : 30 May 2024 | 8:10 AM IST

Crude oil strategy for May 28: WTI futures eye breakout above $80 hurdle

Crude oil outlook and strategy: Analyst at Sharekhan believes buying WTI crude on correction would be a good strategy for the day

Crude oil strategy for May 28: WTI futures eye breakout above $80 hurdle
Updated On : 28 May 2024 | 8:48 AM IST

Reliance Industries starts trading US oil setting Brent benchmark

LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.

Reliance Industries starts trading US oil setting Brent benchmark
Updated On : 02 May 2024 | 5:14 PM IST

Indian refiners buy more US crude amid tighter sanctions on Russian oil

India's Reliance, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by Sovcomflot after recent US sanctions

Indian refiners buy more US crude amid tighter sanctions on Russian oil
Updated On : 26 Mar 2024 | 8:12 AM IST

Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks

Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent

Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks
Updated On : 20 Nov 2023 | 3:58 PM IST

Oil prices jump 3% on bigger-than-expected decline in US crude storage

Investors remained cautious that interest rate hikes could slow economic growth and reduce oil demand

Oil prices jump 3% on bigger-than-expected decline in US crude storage
Updated On : 29 Jun 2023 | 7:24 AM IST

Oil prices drop as US crude inventories jump, fuel demand worries

Gasoline stocks rose by about 846,000 barrels, while distillate stocks rose by about 1.7 million barrels, according to the sources, who spoke on condition of anonymity

Oil prices drop as US crude inventories jump, fuel demand worries
Updated On : 15 Feb 2023 | 3:56 PM IST

Share of US in India's crude basket rises to record 14% in December

In December, crude oil imports from the US shot up 93 per cent to 3.9 million MT

Share of US in India's crude basket rises to record 14% in December
Updated On : 14 Feb 2023 | 11:22 PM IST

Oil edges up in early trade as US crude inventories rise less than expected

Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45

Oil edges up in early trade as US crude inventories rise less than expected
Updated On : 26 Jan 2023 | 10:01 AM IST

Oil prices lose ground as market jittery over demand risks

Both OPEC and US Energy Department have cut their demand outlooks, while a flare-up in Covid cases in China has sparked fresh concerns over fuel consumption in the world's top crude importing-country

Oil prices lose ground as market jittery over demand risks
Updated On : 13 Oct 2022 | 1:46 PM IST

Oil prices climb $1 a barrel as tight supply moves back into focus

The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production, state news agency SPA said on Monday, citing comments Abdulaziz bin Salman made to Bloomberg

Oil prices climb $1 a barrel as tight supply moves back into focus
Updated On : 23 Aug 2022 | 5:38 PM IST

Oil prices slip as US crude stockpiles rise, eyes on US inflation data

Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Oil prices slip as US crude stockpiles rise, eyes on US inflation data
Updated On : 10 Aug 2022 | 4:03 PM IST

Fuel prices today: Check the prices of petrol, diesel in your city

Crude oil showed a declining trend, and prices are still stable in India. Petrol in Delhi is available at Rs 96.72, while Mumbai is selling at Rs 106.31 per litre. Check out fuel rates in your city

Fuel prices today: Check the prices of petrol, diesel in your city
Updated On : 10 Aug 2022 | 10:13 AM IST

Oil steady as demand concerns offset US crude stock drawdown

Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles.

Oil steady as demand concerns offset US crude stock drawdown
Updated On : 27 Jul 2022 | 10:25 AM IST

Oil prices rise after a larger-than-expected drawdown in US crude stock

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

Oil prices rise after a larger-than-expected drawdown in US crude stock
Updated On : 27 Jul 2022 | 9:02 AM IST

Oil prices tumble more than $4 ahead of potential large US rate hike

LONDON (Reuters) -Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.

Oil prices tumble more than $4 ahead of potential large US rate hike
Updated On : 14 Jul 2022 | 8:34 PM IST

Russia may be India's biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude

Russia may be India's biggest crude supplier in June, a historic first
Updated On : 01 Jul 2022 | 2:21 AM IST

Oil settles up despite OPEC-plus output hike plan; supply still tight

US crude notched a sixth weekly gain on tight U.S. supply, which has prompted talk of fuel export curbs or a windfall tax on oil and gas producers.

Oil settles up despite OPEC-plus output hike plan; supply still tight
Updated On : 04 Jun 2022 | 3:34 PM IST

Oil prices rise after US crude inventories drawdowns, supply tightness

US crude oil stockpiles fell last week by 5.1 million barrels to 414.7 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop.

Oil prices rise after US crude inventories drawdowns, supply tightness
Updated On : 02 Jun 2022 | 11:36 PM IST

Oil little changed after OPEC-plus agrees to boost output by 648,000 bpd

Oil prices could get more support later on Thursday if analysts' forecasts are correct that US crude inventories declined by around 1.4 million barrels last week

Oil little changed after OPEC-plus agrees to boost output by 648,000 bpd
Updated On : 02 Jun 2022 | 9:06 PM IST