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Commodity Capsule: Oil prices fell sharply on Monday

Commodity Capsule: Oil prices fell sharply on Monday

Mon, Oct 28, 2024

Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend

Brent crude fell by about 2.5%

Brent crude fell by about 2.5%

Tue, Oct 01, 2024

Brent crude slipped below $70, Brent crude fell by about 2.5%

Bad condition of Brent crude, till when will the prices of crude fall?

Bad condition of Brent crude, till when will the prices of crude fall?

Fri, Sep 27, 2024

Saudi attack on Brent Crude. Bad condition of Brent Crude! How long will the prices of Crude fall? When will there be stagnation in crude oil? And will crude oil slide? Know complete details in this video.

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US crude oil settles below $40 per barrel for first time since April

US crude oil settles below $40 per barrel for first time since April

Wed, Aug 03, 2016

Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.

Oil takes breather from losses but oversupply concerns remain

Oil takes breather from losses but oversupply concerns remain

Tue, Aug 02, 2016

Global fuel inventories are brimming as refineries have churned out huge volumes of diesel, gasoline and jet fuel but the supply glut has diminished profit margins and demand has been unable to keep up with supply.

Indian crude oil basket falls to four-month lows

Indian crude oil basket falls to four-month lows

Mon, Aug 01, 2016

India is now paying $39.90 per barrel of crude oil, lowest since April 2016, the Government data showed.

Oil dips back below $50 on economic worries

Oil dips back below $50 on economic worries

Tue, Jul 05, 2016

"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.

Oil stable at nearly $50, but slow Asian demand hurts

Oil stable at nearly $50, but slow Asian demand hurts

Mon, Jul 04, 2016

Oil futures were steady on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.

Oil prices fall to $50 per barrel as supply outlook improves

Oil prices fall to $50 per barrel as supply outlook improves

Thu, Jun 30, 2016

Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50.1 per barrel as fears over strike outages in Norway faded and as Nigeria`s production improved.

Oil prices fall as Brexit lingers, refined product glut looms

Oil prices fall as Brexit lingers, refined product glut looms

Mon, Jun 27, 2016

Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.

Oil prices fall for first time in three days after easing of concerns on Brexit

Oil prices fall for first time in three days after easing of concerns on Brexit

Tue, Jun 21, 2016

Brent crude futures' August front-month contract was down 31 cents at $50.34 a barrel.

Crude oil climbs as Brexit risks ease

Crude oil climbs as Brexit risks ease

Mon, Jun 20, 2016

Oil extended gains in Asian trading on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union (EU) helped support crude.

Keeping close watch on Brexit, turmoil in Middle East, oil prices: Jayant Sinha

Keeping close watch on Brexit, turmoil in Middle East, oil prices: Jayant Sinha

Thu, Jun 16, 2016

On the possible outcome of the UK vote, Sinha said, "It (opinion polls) is showing that it will be a close call."

All's well if oil stays below $60, says Jayant Sinha

All's well if oil stays below $60, says Jayant Sinha

Fri, Jun 10, 2016

As crude oil price hit an 11-month high of $50 per barrel, the government today said its fiscal maths and inflation calculations will not be impacted if the commodity stays below the $ 60 mark.

Saudi Arabia promises not to shock oil market as OPEC debates policy

Saudi Arabia promises not to shock oil market as OPEC debates policy

Thu, Jun 02, 2016

Several OPEC sources said Saudi Arabia and its Gulf allies had tried to propose a new collective ceiling in an attempt to repair OPEC's waning importance and end a market-share battle that has sapped prices and cut investment.

Oil prices will keep recovering, says Saudi Arabia's new energy minister

Oil prices will keep recovering, says Saudi Arabia's new energy minister

Thu, Jun 02, 2016

"Everybody is very satisfied with the market. The market is rebalancing as we speak," said Khaled al-Falih, newly appointed by the kingdom's powerful and dynamic new crown prince.

Oil prices little changed as dollar gains, US drawdown seen

Oil prices little changed as dollar gains, US drawdown seen

Tue, May 24, 2016

The US commercial crude oil stocks fell by around 2.5 million barrels to 538.8 million in the week ended May 20, a preliminary Reuters analysts' poll taken ahead of weekly industry and official inventory data showed on Monday.

Oil hits 2016 peaks on fading supply glut fears

Oil hits 2016 peaks on fading supply glut fears

Sat, May 21, 2016

"Production outages in Canada and Nigeria continue to support prices," wrote Capital Economics analysts Caroline Bain and Julian Jessop in a research note.

Oil nears $50; is the party over?

Oil nears $50; is the party over?

Wed, May 18, 2016

International Brent crude futures were trading at $49.36 per barrel at 0644 GMT, 8 cents above their last settlement. U.S. West Texas Intermediate crude futures were 11 cents higher at $48.42 a barrel.

Oil rises on outages; API reports big US crude build

Oil rises on outages; API reports big US crude build

Wed, May 11, 2016

The market pared gains briefly in post-settlement trade after the American Petroleum Institute (API), an industry group, said the US crude inventories rose by 3.45 million barrels to record highs of 543.1 million during the week ended May 6.

Oil prices down on brimming crude stocks, Canada fires move away from oil sands

Oil prices down on brimming crude stocks, Canada fires move away from oil sands

Tue, May 10, 2016

"A reversal in the US dollar will continue to weigh on commodity markets. With concerns easing over Canadian oil supply disruptions, crude oil could come under additional pressure," ANZ Bank said.

Not fully giving lower fuel cost benefits to customers: IndiGo

Not fully giving lower fuel cost benefits to customers: IndiGo

Mon, May 09, 2016

"If you look at fourth quarter (January-March 2015-16), then fuel prices came down 29.5 per cent whereas the average fares came down I think above 15.2 per cent.

Saudi Aramco to raise oil prices for Asian countries

Saudi Aramco to raise oil prices for Asian countries

Fri, May 06, 2016

Asian countries buy more than half of the oil that Saudi Arabia exports and any hike in the price can be seen as a pick up in the demand for oil in the region.

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