Crude Oil | The Asian Age

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US benchmark West Texas Intermediate crude strengthened 1.54 per cent to USD 53.40 per barrel.

Crude oil futures up 3.88 pc on global cues

Analysts said raising of bets by participants on a strong overseas trend, coupled with good domestic demand, kept crude prices higher.

07 Jun 2019 1:48 PM

Before the Lok Sabha elections, the then External Affairs Minister Sushma Swaraj had said that a decision on purchasing oil from Iran will be taken by the new government after the polls. (Photo: ANI)

Will consider commercial needs, energy security: India on purchasing oil from Iran

Asked about the US withdrawal of GSP, the MEA spokesperson remained non-committal.

06 Jun 2019 6:21 PM

Oil prices have fallen sharply on fears about slowing global demand.

Oil prices fall on rise in US inventories, supply worries

US West Texas Intermediate (WTI) crude was down by 32 cents, or 0.6 per cent, at USD 53.16 a barrel.

05 Jun 2019 9:04 AM

International benchmark for oil prices, were at USD 69.85 at 0101 GMT, down 26 cents, or 0.4 per cent.

Oil prices fall as economic concerns outweigh supply risks

WTI crude futures were at USD 58.70 per barrel, down 44 cents, or 0.7 per cent, from their last settlement.

29 May 2019 8:28 AM

International benchmark for oil prices, were at USD 68.79 per barrel at 0247 GMT, up 10 cents, or 0.2 per cent, from their last close.

Oil prices stable amid OPEC supply cuts, but US-China trade war drags

US West Texas Intermediate (WTI) crude futures were at USD 58.54 per barrel, 9 cents below their last settlement.

27 May 2019 9:54 AM

Brent crude was up by 96 cents, or 1.3 per cent, at USD 73.17 a barrel.

Oil surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM

WTI was also up for a fourth day and was headed for a weekly gain of 2.7 per cent, the first rise in four weeks.

Oil rises as Middle East tensions mounts, set for weekly gains

Brent crude futures were at USD 73.00 a barrel at 0303 GMT, up 38 cents, or 0.5 per cent.

17 May 2019 9:56 AM

Tuesday's drone strikes hit two pumping stations on the kingdom's east-west pipeline. (Photo:AP)

Major Saudi oil pipeline ‘attacked’ by drones

Drone attacks claimed by Iran-aligned Yemeni rebels shut down one of the kingdom's main oil pipelines on Tuesday.

15 May 2019 2:45 PM

Oil prices have drawn support after Saudi Arabia on Tuesday said armed drones struck two of its oil pumping stations.

Oil prices ease on surprise rise in US stockpiles, but Middle East tensions support

WTI crude futures were at USD 61.39 per barrel, down 39 cents, or 0.6 per cent.

15 May 2019 9:56 AM

On the Multi Commodity Exchange, crude for delivery in May contracts went up by Rs 26, or 0.6 per cent to, Rs 4,352 per barrel in a business turnover of 17,376 lots.

Crude oil futures rise 0.6 pc on positive cues

Analysts said, crude oil prices bounced back in tandem with a firm trend overseas.

13 May 2019 2:31 PM

India consumed 211.6 million tonnes of petroleum products in 2018-19, up from 206.2 million tonnes in the previous year.

India's rising oil demand to support investments in refineries: Moody's

The country's dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19.

13 May 2019 2:24 PM

Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that two Saudi oil tankers were targeted on Sunday. (Photo:AP)

Two Saudi oil tankers attacked near UAE waters: Saudi Minister

One of the two vessels was on its way to be loaded with Saudi crude oil from the port of Ras Tanura.

13 May 2019 11:53 AM

US West Texas Intermediate (WTI) futures were at USD 61.58 per barrel, down 9 cents, or 0.2 per cent.

Oil prices mixed amid US-China trade impasse

Brent crude futures were at USD 70.73 a barrel, up 11 cents, or 0.2 per cent, from their last close.

13 May 2019 9:21 AM

A picture taken by US Air Force personnel stationed in Al Udaid air base and posted on the CENTCOM website showed two aircraft. (Photo:AP)

US B-52 bombers reach middle-east in clear message to Iran

American B-52 bombers sent to the Middle East over what Washington describes as threats from Iran have arrived at US base in Qatar.

10 May 2019 3:54 PM

On the Multi Commodity Exchange, crude oil contracts for delivery in May gained Rs 48, or 1.13 per cent, to Rs 4,312 per barrel with a business turnover of 17,678 lots.

Crude oil futures gain 1.13 pc on firm cues

Widening of bets at current levels helped crude oil prices at the domestic market.

08 May 2019 2:30 PM

On the Multi Commodity Exchange, crude for delivery in May fell by Rs 81, or 1.88 per cent, to Rs 4,226 per barrel in a business volume of 20,586 lots.

Crude oil futures fall on global cues

The oil contracts for delivery in July fell by Rs 133, or 3.04 per cent, to Rs 4,243 per barrel in a business volume of 13 lots.

06 May 2019 3:43 PM

The West Texas Intermediate (WTI) crude fell 0.60 per cent to USD 63.22.

Crude oil futures slip on weak global trend

Analysts said, continuous selling by participants in line with a weak trend in global crude mainly weighed on crude prices here.

02 May 2019 2:12 PM

Oil prices hit their highest since November last week after Washington said all waivers for sanctions-hit Iranian oil would end this week. (Photo:AP)

Rouhani adamant to keep exporting crude oil despite US sanctions

Iran will continue to export oil despite US pressure aimed at reducing the nation's crude oil shipments to zero.

30 Apr 2019 12:42 PM

Profit-booking by speculators led to a further fall in the prices, said experts. (Representational Image)

Crude oil futures soften 4.81 per cent on weak global cues

Analysts said trading sentiments turned weak after oil prices eased in global markets.

29 Apr 2019 2:36 PM

FPIs pumped in a net sum of Rs 21,032.04 crore into equities but pulled out a net amount of Rs 3,812.94 crore from the debt market during April 1-26.

FPIs stay bullish on India for third consecutive month; invest Rs 17,219 cr in Apr

Overseas investors had put in a net sum of Rs 45,981 crore in March and Rs 11,182 crore in Feb.

28 Apr 2019 12:46 PM

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Dilip Cherian