Oil prices extend losses on rising U.S. fuel inventories
6 days, 9 hours ago

Oil prices extend losses on rising U.S. fuel inventories

Live Mint  

By Yuka Obayashi TOKYO, Jan 9 - Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline. Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, the U.S. Energy Information Administration said on Wednesday. "Increased U.S. fuel inventories prompted some selling, but the downside is limited due to the winter demand season in the northern hemisphere," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. Looking ahead, China's demand trends, the incoming U.S. administration's energy and trade policies, and its stance on the Russia-Ukraine war will be key focuses, he noted, adding that traders were likely to refrain from taking large positions until President-elect Donald Trump takes office on Jan. 20.

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History of this topic

Oil inches up, but uncertainty over sanctions impact caps gains
5 hours, 45 minutes ago

Oil inches up, but uncertainty over sanctions impact caps gains

Live Mint  

By Emily Chow and Jeslyn Lerh SINGAPORE -Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact. Prices slipped on Tuesday after the U.S. Energy Information Administration predicted oil would come under …

Oil prices down on US fuel stocks build, dollar strength
6 days, 14 hours ago

Oil prices down on US fuel stocks build, dollar strength

Live Mint  

By Nicole Jao NEW YORK -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, compared with analysts' expectations in a …

Oil Falls as Technicals Signal Five-Session Rally Is Overdone
1 week, 1 day ago

Oil Falls as Technicals Signal Five-Session Rally Is Overdone

Live Mint  

-- Oil is on track to snap a five-session rally as key technical markers show gains driven by tightness in global physical crude markets may have gone too far. “Fundamentals have improved enough for crude prices to find a floor, but not enough to sustain a durable rally,” said Jon Byrne, an analyst at Strategas Securities. At the moment, “$75 …

Oil rises from two-month highs on optimism ove
1 week, 5 days ago

Oil rises from two-month highs on optimism ove

Live Mint  

By Florence Tan SINGAPORE - Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Factory activity in Asia, Europe and the U.S. ended 2024 on a soft note as …

Oil Climbs in Year’s First Session With US Stockpiles in Focus
Trending News
1 week, 6 days ago

Oil Climbs in Year’s First Session With US Stockpiles in Focus

Live Mint  

Oil began 2025 by rising to the highest level since November, boosted by a report of shrinking crude stockpiles in the US and bullish technical indicators. A report from the American Petroleum Institute showed inventories fell by 1.4 million barrels last week, a sixth straight draw if confirmed by government data later Thursday. It’s the fourth straight session of gains, …

Oil rises as investors return from holidays, eye China recovery
Trending News
1 week, 6 days ago

Oil rises as investors return from holidays, eye China recovery

Live Mint  

By Florence Tan SINGORE, - Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth. Traders are returning to their desks and probably weighing higher geopolitical risks and also the impact of …

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024
1 week, 6 days ago

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

Live Mint  

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market. Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision. Most …

Oil prices steady as weekly rise expected amid China's economic recovery hopes
2 weeks, 5 days ago

Oil prices steady as weekly rise expected amid China's economic recovery hopes

Hindustan Times  

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer. With hopes that economic stimulus initiatives will spur a resurgence in China, the world's largest oil importer, oil prices were little altered on Friday but were expected to climb weekly. …

Stocks hit, dollar slips in illiquid year-end profit taking
2 weeks, 5 days ago

Stocks hit, dollar slips in illiquid year-end profit taking

Live Mint  

By Alden Bentley, Naomi Rovnick and Ankur Banerjee NEW YORK/LONDON/SINGAPORE -U.S. stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the dollar to a smaller degree, succumbed to profit taking in illiquid markets heading into the last weekend of 2024. "I’ve heard anecdotes that pension funds are rebalancing ahead of year-end, selling stocks and buying …

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade
2 weeks, 5 days ago

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade

Live Mint  

International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Crude oil trades higher in holiday-thinned session -According to news agency Reuters, Chinese authorities …

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl
3 weeks, 4 days ago

Oil sheds 3% in 5 days on US Fed rate cut outlook, weak Chinese demand; Brent slips below $73/bbl

Live Mint  

International crude oil prices settled little changed in the previous session after markets weighed weak Chinese demand and fewer interest rate-cut expectations by the US Federal Reserve after recent prints of US inflation. -The US dollar retreated from a two-year high but was heading for a third consecutive week of gains after data showed cooling US inflation two days after …

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains
4 weeks ago

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains

Live Mint  

By Georgina McCartney HOUSTON - Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts. U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending Dec. 13, the Energy …

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw
4 weeks ago

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw

Live Mint  

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. The American Petroleum Institute said US stockpiles shrank by 4.7 million barrels last week, which would be a fourth straight decline if confirmed by official figures later Wednesday. That’s been tempered by lackluster Chinese demand and expectations for robust production from …

Oil climbs as Assad's fall brings more uncertainty to Middle East
1 month ago

Oil climbs as Assad's fall brings more uncertainty to Middle East

The Hindu  

Oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to the Middle East, although the gains were capped by a waning demand outlook for the coming year. "But Saudi Arabia's price reductions and OPEC+'s production cut extension last week underscored weak demand from China, indicating the market may soften toward year-end," he …

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days
1 month, 1 week ago

Oil reports weekly loss on oversupply fears despite OPEC+ output extension; Brent down over 2% in 5 days

Live Mint  

International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak demand despite the Organisation of Petroleum Exporting Countries and its allies 's recent decision to delay the oil output hikes till April 2025 and extend the deep production cuts to …

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict
1 month, 1 week ago

Morgan Stanley, HSBC slash crude oil supply forecast; Brent average pegged near $70 for 2025 after OPEC+ verdict

Live Mint  

OPEC+ verdict: Leading global investment bankers Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent crude price of $70 per barrel, following a decision by the Organisation of Petroleum Exporting Countries to delay and slow plans for a higher crude output. Brent crude average, oil supply forecasts for 2025 According …

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026
1 month, 1 week ago

Brent nears $93, US WTI ticks higher after OPEC+ pushes back output hike, extends cuts through 2026

Live Mint  

International crude oil prices traded higher on Thursday, December 5, after the Organisation of Petroleum Exporting Countries and its allies, in its virtual meeting, decided to delay its planned output increase by three months to April 2025 and extend the full unwind of production cuts by a year until the end of 2026. -According to Reuters calculations, the gradual unwinding …

Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight
1 month, 1 week ago

Oil Holds Drop as OPEC Decision on Supply Takes the Spotlight

Live Mint  

-- Oil steadied after a decline, with traders looking ahead to an OPEC meeting on Thursday that’s expected to see the cartel again defer a move to revive output in an already well-supplied market. While commercial stockpiles shrank more than 5 million barrels for the biggest weekly drop since August, nationwide oil production hit a record in a reminder of …

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73
1 month, 3 weeks ago

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73

Live Mint  

International crude oil prices were steady on Wednesday, November 20, as the escalating war between major oil producer Russia and Ukraine offset a rise in US crude and gasoline stocks. Back home, crude oil futures last traded 0.56 per cent lower at ₹5,825 per barrel on the multi commodity exchange. This has put geopolitical risk back in the market However, …

Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71
1 month, 4 weeks ago

Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71

Live Mint  

International crude oil prices settled down more than two per cent in the previous session as investors fretted about weaker Chinese oil demand and a potential slowing in the pace of US Federal Reserve interest rate cuts after the latest macroeconomic data. Back home, crude oil futures settled 1.86 per cent lower at ₹5,660 per barrel on the multi commodity …

Oil heads for weekly loss as Chinese demand continues to underperform
Trending News
2 months ago

Oil heads for weekly loss as Chinese demand continues to underperform

Live Mint  

By Nicole Jao and Gabrielle Ng SINGAPORE -Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery. The decline in run rates occurred as China's factory output growth slowed last month and demand woes in its property sector showed few signs of abating even though consumer spending …

Oil falls on Chinese stimulus disappointment, supply outlook
2 months ago

Oil falls on Chinese stimulus disappointment, supply outlook

Live Mint  

By Erwin Seba HOUSTON -Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025. Donald Trump's U.S. election victory may continue to be affecting the market, said Phil Flynn, senior analyst for the Price Futures Group. Bank …

Oil rises as investors take stock of Trump victory, US crude stocks rise
2 months, 1 week ago

Oil rises as investors take stock of Trump victory, US crude stocks rise

Live Mint  

By Georgina McCartney HOUSTON -Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according to the Energy Information Administration. Independent analyst Tina Teng said that besides a surging dollar weighing on commodity prices, a Trump presidency could see policies that may further pressure the Chinese economy, weakening oil …

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74
2 months, 1 week ago

Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74

Live Mint  

Crude oil prices slid 2.5% on Wednesday, November 6, snapping a five-day winning streak, weighed down by a stronger US dollar as early reports suggested that Republican candidate Donald Trump is edging closer to securing a second term in the White House. Crude prices have experienced notable fluctuations in recent sessions, influenced by OPEC+'s decision to delay December production plans …

Oil prices edge up on Gulf of Mexico storm ahead of US election results
2 months, 1 week ago

Oil prices edge up on Gulf of Mexico storm ahead of US election results

Live Mint  

By Scott DiSavino NEW YORK -Oil prices edged up about 1% on Tuesday with a storm expected to cut U.S. output in the Gulf of Mexico and as the U.S. dollar weakened on Election Day with polls showing America's presidential race exceptionally close. BUSY WEEK AHEAD Still, risk-taking remains limited with a busy week - including the U.S. election, the …

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak
2 months, 1 week ago

Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak

Live Mint  

International crude oil prices edged one per cent higher to hit a one-week high on Tuesday, November 5, ahead of what is expected to be an exceptionally close US presidential election, after rising more than more than two per cent in the previous session as the Organisation of Petroleum Exporting Countries delayed plans to hike crude supply and production in …

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor
2 months, 3 weeks ago

Oil Prices Rise as Middle East War Rages, but China's Demand Remains a Key Factor

Live Mint  

Oil prices remain volatile as the Middle East war rages on, with Brent crude futures settling higher for the second consecutive session. China's recent efforts to stimulate its economy are expected to have a positive impact on oil demand, but it may take some time for the stimulus efforts to filter through to oil demand. Global oil inventories point to …

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor
3 months, 2 weeks ago

Oil Prices Slide as Supply Outshines Demand, but Libya's Output Remains a Factor

Hindustan Times  

Oil prices fell on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East. A panel of top ministers from the OPEC producer group meets on Oct. 2 to review the market, with no policy changes expected. The possibility of Libyan oil output recovering also weighed on the market.

Investors turned more bearish on oil last week than ever
3 months, 4 weeks ago

Investors turned more bearish on oil last week than ever

The Hindu  

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the first time, data from the Intercontinental Exchange showed on Friday. “This …

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
4 months ago

Oil Rebounds After Brutal Week as Traders Take Stock of Outlook

Live Mint  

Oil rose from its lowest close since 2021 after a deep weekly loss pushed futures close to levels regarded as oversold, with the focus this week on three reports that may clarify the demand outlook. Traders are in line for bumper crop of market insights this week as the three most prominent forecasters — OPEC, the Energy Information Administration and …

Oil stabilises as signs of economic slowdown clash with Fed rate cut hopes; brent crude at $85.09/bbl
5 months, 3 weeks ago

Oil stabilises as signs of economic slowdown clash with Fed rate cut hopes; brent crude at $85.09/bbl

Live Mint  

Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. “Crude Oil prices have recovered from above key support levels with NYMEX crude recovering from $79-$79.5 and MCX crude from above …

Oil sheds China demand worries, gains 1% on weaker US dollar & drop in stockpiles; Brent nears $85/bbl
5 months, 4 weeks ago

Oil sheds China demand worries, gains 1% on weaker US dollar & drop in stockpiles; Brent nears $85/bbl

Live Mint  

Crude oil prices climbed about one per cent on Wednesday, July 17, on a bigger-than-expected weekly drop in US crude stockpiles. Brent futures rose 96 cents, or 1.2 per cent, to $84.69 per barrel, while US West Texas Intermediate crude rose $1.36, or 1.7 per cent, to $82.12. Coming to domestic prices, crude oil futures last traded 1.95 per cent …

Oil prices rise on OPEC production cuts, summer consumption hopes; Brent rises 0.81% to $85.69 per barrel
6 months, 1 week ago

Oil prices rise on OPEC production cuts, summer consumption hopes; Brent rises 0.81% to $85.69 per barrel

Live Mint  

Oil prices rose on Monday, fuelled by increasing summer demand optimism and the supply cuts by the Organisation of the Petroleum Exporting Countries. On Monday, Brent crude futures rose 0.81 per cent or 69 cents to $85.69 per barrel as of 13:36. Both the commodity contracts increased nearly 6 per cent in June, with Brent settling around $85 per barrel …

Oil touches seven-week high amid demand optimism, war concerns; brent crude at $85.53/bbl
6 months, 3 weeks ago

Oil touches seven-week high amid demand optimism, war concerns; brent crude at $85.53/bbl

Live Mint  

Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. Brent crude futures for August, set to expire on Thursday, increased by 20 cents to $85.53 a barrel by 12:35 GMT, while the more actively traded September contract rose by …

Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices
7 months, 3 weeks ago

Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices

Live Mint  

Crude oil prices extended decline on Tuesday with the global benchmark Brent oil falling over a percent. The fall in crude oil prices comes despite the ongoing geopolitical tensions and ahead of the meeting of the Organization of the Petroleum Exporting Countries and its affiliates, together known as OPEC+ on supply. Here are the key reasons why crude oil prices …

Oil set for weekly gain as demand signs, geopolitics seen as positives
8 months ago

Oil set for weekly gain as demand signs, geopolitics seen as positives

Hindustan Times  

By Katya Golubkova and Sudarshan Varadhan Oil set for weekly gain as demand signs, geopolitics seen as positives SINGORE, - Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices. Falling U.S. crude …

Oil set for weekly gain as demand signs, geopolitics seen as positives
8 months ago

Oil set for weekly gain as demand signs, geopolitics seen as positives

Hindustan Times  

By Katya Golubkova and Sudarshan Varadhan Oil set for weekly gain as demand signs, geopolitics seen as positives SINGORE -Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices. Falling U.S. crude inventories …

Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity?
8 months, 1 week ago

Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity?

Live Mint  

Oil prices extended losses on Friday, May 3, 2024 and stayed on course for the steepest weekly loss in three months, as investors weighed lower-than-expected US jobs data and the timing of interest rate cuts by the US Federal Reserve. Coming to domestic prices, crude oil futures declined 0.76 per cent to ₹6,551 per barrel on the multi commodity exchange. …

Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl
8 months, 4 weeks ago

Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl

Live Mint  

Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran's weekend attack on Israel. “Crude oil dipped around $85 after Israel successfully defended itself from Iran's large-scale air attack over the weekend, and the US underlined its desire to prevent a larger Middle East conflict. The attack, labeled …

Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87
9 months, 2 weeks ago

Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87

Live Mint  

International crude oil prices rebounded and rose by more than $1 per barrel on Thursday, March 28, after falling for two consecutive sessions ahead of the policy decision by the Organisation of Petroleum Exporting Countries. Brent crude futures for May were last up $1.21, or 1.4 per cent, at $87.30 per barrel, while the more actively traded June contract rose …

Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl
9 months, 3 weeks ago

Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl

Live Mint  

Oil prices declined on Thursday, March 21, pressured by weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8 per cent in the previous session, according …

Oil rally cools off as prices slip 2% ahead of US Federal Reserve verdict; Brent down to $85.9/bbl
9 months, 3 weeks ago

Oil rally cools off as prices slip 2% ahead of US Federal Reserve verdict; Brent down to $85.9/bbl

Live Mint  

International crude oil prices slipped on Wednesday, March 20, after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve's interest rate policy announcement later in the day. Coming to domestic prices, crude oil futures were last trading 2.05 per cent lower at ₹6,746 per barrel on the multi commodity exchange. Oil prices pullback ahead …

Oil prices pull back on delayed US Fed rate cuts; Brent down 1% to $82/bbl
10 months, 2 weeks ago

Oil prices pull back on delayed US Fed rate cuts; Brent down 1% to $82/bbl

Live Mint  

Oil prices pulled back on Wednesday, February 28, as the prospect of delays to US interest rate cuts and a jump in US crude stocks that beat expectations offset a boost from a potential extension to supply curbs by the Organization of Petroleum Exporting Countries. Last week, Brent crude declined about two per cent and WTI fell more than three …

Oil prices slip amid interest rate outlook; Brent crude at $81.42/bbl
10 months, 2 weeks ago

Oil prices slip amid interest rate outlook; Brent crude at $81.42/bbl

Live Mint  

Oil prices experienced a slight decline amid speculation that unexpectedly robust inflation figures might postpone reductions in high interest rates, which have been restraining global fuel demand growth. Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. This downward trend follows last week's losses, with Brent experiencing a decline …

Oil rises 1%, heads for weekly gain as Middle East conflict rages
11 months ago

Oil rises 1%, heads for weekly gain as Middle East conflict rages

Live Mint  

Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Israeli forces continued deadly air strikes on Gaza on Friday, after the bombing of Gaza's southern border city of Rafah on Thursday helped send oil prices up by around 3% …

Oil reports longest weekly losing streak since 2018; Brent posts first gain in 6 sessions, settles 2% higher at $75/bbl
1 year, 1 month ago

Oil reports longest weekly losing streak since 2018; Brent posts first gain in 6 sessions, settles 2% higher at $75/bbl

Live Mint  

Oil prices rose more than 2 per cent in the previous session after US data supported expectations of a demand growth, however, both crude benchmarks fell for a seventh straight week, posting their longest streak of weekly declines in half a decade, on lingering oversupply concerns. Even though oil reported its longest weekly losing streak since 2018, Brent and US …

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl
1 year, 1 month ago

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl

Live Mint  

Oil prices fell by 2.5 per cent on Wednesday, December 6, as a bigger-than-expected rise in US gasoline inventories worried markets about demand and outweighed a draw in crude stocks. Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, was last trading lower by 4.75 per cent at ₹5,791 per bbl, having swung …

Oil ticks higher from 5-month low after Russia hints at deepening OPEC+ cuts
1 year, 1 month ago

Oil ticks higher from 5-month low after Russia hints at deepening OPEC+ cuts

Live Mint  

Oil prices ticked higher after falling to five-month lows on Tuesday, December 5, after Russia said that the Organisation of Petroleum Exporting Countries and its allies was ready to deepen output cuts in the first quarter of next year. Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, was last trading lower by …

Oil down 2%, posts weekly loss as investors see limited effect of OPEC+ cuts
1 year, 1 month ago

Oil down 2%, posts weekly loss as investors see limited effect of OPEC+ cuts

Live Mint  

Oil prices declined more than 2 per cent in the previous session as investors remained cautious over the depth of supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies. Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, settled lower by 0.8 per cent at ₹6,231 per bbl, having …

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