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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

Commodities Update: Crude oil futures decline on low demand

Commodities Update: Crude oil futures decline on low demand

Fri, May 24, 2024

On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots.

Commodity Capsule: Gold prices pared early gains on Tuesday, due to slight recovery in dollar index

Commodity Capsule: Gold prices pared early gains on Tuesday, due to slight recovery in dollar index

Tue, Mar 26, 2024

Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by75 bps by 2024 end despite recent high inflation readings.

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Oil markets tense after western strikes on Syria, but rising US drilling weighs

Oil markets tense after western strikes on Syria, but rising US drilling weighs

Mon, Apr 16, 2018

Oil prices today: Brent crude oil futures LCOc1 were at $71.87 per barrel at 0124 GMT, down 71 cents, or 1 percent from their last close.

India looks to use new-found clout to seek better oil bargains

India looks to use new-found clout to seek better oil bargains

Wed, Apr 11, 2018

India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world`s third-biggest crude importer.

Oil gains on pipeline outage tempered by robust U.S. output

Oil gains on pipeline outage tempered by robust U.S. output

Mon, Dec 18, 2017

Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers` strike in the Nigerian energy industry. Still, growth in U.S. crude output cast a shadow over the market and continued to cap gains.

Brent crude prices near 2015 high after North Sea pipeline disruption

Brent crude prices near 2015 high after North Sea pipeline disruption

Tue, Dec 12, 2017

Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Oil edges higher, anticipating another drawdown in U.S. stocks

Oil edges higher, anticipating another drawdown in U.S. stocks

Tue, Dec 05, 2017

Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude inventories and an OPEC-led deal to extend oil output cuts.

U.S. oil steady after OPEC extension of production cut

U.S. oil steady after OPEC extension of production cut

Fri, Dec 01, 2017

U.S. oil held steady on Friday after OPEC and other major producers agreed to extend production curbs in a widely expected move aimed at ending a persistent glut in global supplies.

Oil drops for third day, awaiting OPEC decision

Oil drops for third day, awaiting OPEC decision

Thu, Nov 30, 2017

Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC`s meeting in Vienna, as members debate the path for an extension of the group`s supply-cut agreement.

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Tue, Nov 28, 2017

Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.

Oil markets cautious as OPEC cuts are met by rising U.S. output

Oil markets cautious as OPEC cuts are met by rising U.S. output

Tue, Nov 14, 2017

Oil markets were treading water on Tuesday, continuing the cautious trading seen over the last week as bullish factors such as ongoing OPEC-led production cuts and Middle East tensions are countered by rising U.S. output.

Oil up 2%, Brent hits $60 per barrel on support for extending curbs

Oil up 2%, Brent hits $60 per barrel on support for extending curbs

Sat, Oct 28, 2017

Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world`s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks.

Oil climbs for sixth day, near eight-week highs on U.S. crude stock declines

Oil climbs for sixth day, near eight-week highs on U.S. crude stock declines

Fri, Jul 28, 2017

Oil prices extended a rally into a sixth day on Friday, hovering near 8-week highs on a decline in U.S. inventories and OPEC`s ongoing efforts to curb production to ease a global glut.

Asian shares edge up, on track for winning week

Asian shares edge up, on track for winning week

Fri, May 12, 2017

U.S. data on Thursday showed producer prices rebounded more than expected last month, leading to the biggest annual gain in five years and suggesting that inflation pressures were rising.

Oil markets remain cautious on record supplies

Oil markets remain cautious on record supplies

Fri, Apr 21, 2017

Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

Oil prices mixed after U.S. production seen rising

Oil prices mixed after U.S. production seen rising

Tue, Apr 18, 2017

Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains.

Asia up as Wall Street extends record rise, dollar steady

Asia up as Wall Street extends record rise, dollar steady

Wed, Feb 22, 2017

MSCI`s broadest index of Asia-Pacific shares outside Japan nudged up 0.1%, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

Assets, mortgage-backed securities will be stable in 2017: Moody's

Assets, mortgage-backed securities will be stable in 2017: Moody's

Thu, Jan 19, 2017

Moody`s expects oil prices to remain low in 2017.

Oil prices up in quiet session as year-end approaches

Oil prices up in quiet session as year-end approaches

Fri, Dec 23, 2016

Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.

Oil prices fall after Fed hike, but tighter market looms

Oil prices fall after Fed hike, but tighter market looms

Thu, Dec 15, 2016

Oil prices dropped on Thursday as a hike in U.S. interest rates drove money away from commodities and into U.S. bonds and the dollar, but a tighter fuel market looms in 2017 due to planned production cuts led by OPEC and Russia.

Oil jumps to highest since mid-2015, Fed hike on horizon

Oil jumps to highest since mid-2015, Fed hike on horizon

Tue, Dec 13, 2016

Oil prices surged to an 18-month high on Monday after the world`s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.

Oil falls as non-OPEC yet to pledge concrete output steps

Oil falls as non-OPEC yet to pledge concrete output steps

Mon, Oct 31, 2016

Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.

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