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Brent crude oil prices

Crude Oil: Top Brokerage Insights You Must Know!

Crude Oil: Top Brokerage Insights You Must Know!

Wed, Aug 28, 2024

Brokerages' opinion on Crude Oil - What will be the trend of crude oil going forward? How much will the price of crude fall? Crude Oil boom or recession ahead? Know complete details in this video....

Commodity Capsule: Oil prices set for 4th weekly fall as demand concerns weigh

Commodity Capsule: Oil prices set for 4th weekly fall as demand concerns weigh

Fri, Aug 02, 2024

Oil prices set for 4th weekly fall as demand concerns weigh

Rupee appreciates by 8 Paise to 83.49 against Dollar in early trade

Rupee appreciates by 8 Paise to 83.49 against Dollar in early trade

Thu, Jun 27, 2024

The indian Rupee appreciates by 8 paise to 83.49 against the US dollar in early trade, driven by retreating crude oil prices and stable economic fundamentals.

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Brent crude trades above $77 on Libya force majeure, Canada outage

Brent crude trades above $77 on Libya force majeure, Canada outage

Tue, Jul 03, 2018

Production at Syncrude Canada`s 360,000 barrels per day (bpd) oil sands facility near Fort McMurray, Alberta, was hit by a power outage last month and is likely to remain offline through July, helping drain U.S. inventories.

Brent prices fall as Saudi output rises to compensate for disruptions

Brent prices fall as Saudi output rises to compensate for disruptions

Mon, Jul 02, 2018

Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil. The White House later walked back the president’s comments, saying the king said his country can raise oil production if needed.

Oil prices ease on global trade frictions, but market remains tight

Oil prices ease on global trade frictions, but market remains tight

Fri, Jun 29, 2018

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $73.06 a barrel at 0209 GMT, down 39 cents, or 0.5 percent from their last settlement. WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.

Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal

Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal

Mon, Jun 25, 2018

Brent crude futures LCOc1, the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity.

Oil options show bulls and bears on edge over OPEC meet

Oil options show bulls and bears on edge over OPEC meet

Fri, Jun 22, 2018

The Organization of the Petroleum Exporting Countries meets in Vienna to discuss its existing policy to curtail crude output by 1.8 million barrels per day, jointly with several non-member nations, including Russia and Oman.

Oil prices fall, Brent hovers around $73 on expectation OPEC will raise output

Oil prices fall, Brent hovers around $73 on expectation OPEC will raise output

Mon, Jun 18, 2018

The producer cartel of the Organization of the Petroleum Exporting Countries (OPEC), which is de-facto led by Saudi Arabia, and some allies including Russia have been withholding output with since the start of 2017. Producers will meet in Vienna on June 22 to decide forward production policy.

Global crude oil demand growth is now hostage to China, India

Global crude oil demand growth is now hostage to China, India

Thu, Jun 14, 2018

China and India have so far this year accounted for about 69 percent of the expected growth in crude oil demand, meaning that what happens in those two behemoths is likely of far more importance to the crude market than what may or may not happen in Vienna.

Brent crude prices rise 1% amid Venezuela oil export concerns

Brent crude prices rise 1% amid Venezuela oil export concerns

Wed, Jun 06, 2018

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel. State firm PDVSA is considering declaring force majeure on some exports, three sources told Reuters, amid plummeting output from its oil fields and tanker bottlenecks at ports.

Oil prices firm with Brent nearing $80 on supply worries

Oil prices firm with Brent nearing $80 on supply worries

Tue, May 22, 2018

Brent crude futures were at $79.37 per barrel at 0632 GMT, up 15 cents, or 0.2 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.

Saudi Arabia gives assurances on supply as Brent crude hits $80 per barrel

Saudi Arabia gives assurances on supply as Brent crude hits $80 per barrel

Fri, May 18, 2018

OPEC’s most influential energy minister, Saudi Arabia’s Khalid al Falih, called India’s Petroleum Minister Dharmendra Pradhan to assure him that supporting global economic growth was “one of the kingdom’s key goals”, the Saudi ministry said in a statement.

Brent crude oil hits highest since November 2014 as Brent edges closer to $80

Brent crude oil hits highest since November 2014 as Brent edges closer to $80

Thu, May 17, 2018

Even at $80 per barrel, the costs of oil are huge, with Asia’s consumption costing $1 trillion a year, twice as much as during the price lull of 2015/2016.

OPEC says oil glut almost gone, makes supply pledge amid Iran worries

OPEC says oil glut almost gone, makes supply pledge amid Iran worries

Mon, May 14, 2018

In a report on Monday, OPEC said oil inventories in developed nations in March fell to 9 million barrels above the five-year average. That’s down from 340 million barrels above the average in January 2017.

Crude oil prices ebb from multi-year highs on surge in US drilling, Iran sanctions opposition

Crude oil prices ebb from multi-year highs on surge in US drilling, Iran sanctions opposition

Mon, May 14, 2018

Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.

Oil prices near multi-year highs as Iran sanctions tighten supply outlook

Oil prices near multi-year highs as Iran sanctions tighten supply outlook

Fri, May 11, 2018

The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having led efforts to curb oil supply to prop up prices. Benchmark Brent crude oil was unchanged at $77.47 a barrel by 0830 GMT. On Thursday Brent hit $78, its highest since November 2014.

Oil set for biggest weekly rise in a month as Iran sanctions loom

Oil set for biggest weekly rise in a month as Iran sanctions loom

Thu, May 10, 2018

Even without disruption to Iran’s crude flows, the balance between supply and demand in the oil market has been tightening steadily, especially in Asia, and as top exporter Saudi Arabia and No.1 producer Russia have led efforts since 2017 to withhold oil supplies to prop up prices.

Oil prices recede as market awaits Donald Trump decision on Iran

Oil prices recede as market awaits Donald Trump decision on Iran

Tue, May 08, 2018

Oil retreated from 3-1/2 year highs on Tuesday as investors waited for an announcement by President Donald Trump later in the day on whether the United States will reimpose sanctions on Iran.

US oil rises above $70 for first time since November 2014 on Venezuela, Iran worries

US oil rises above $70 for first time since November 2014 on Venezuela, Iran worries

Mon, May 07, 2018

U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies.

Raging oil price fire set to hit inflation; Centre in big fix, solution tough

Raging oil price fire set to hit inflation; Centre in big fix, solution tough

Thu, Apr 26, 2018

The economic survey this year had said the contribution of fuel and light in CPI inflation, during the April-December 2017 period, was thrice of that during the same period in 2016.

Oil prices at 4-year high, trade above $70 per barrel; here's why

Oil prices at 4-year high, trade above $70 per barrel; here's why

Wed, Apr 11, 2018

Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by increasing inventories and production in the United States.

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Sat, Feb 24, 2018

OPEC is reducing output by about 1.2 million barrels per day as part of a deal with Russia and other non-OPEC producers

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