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Oil hits three-month high over hopes for output cuts. (AFP Photo)

Oil hits three-month high over hopes for output cuts

OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output...

3 Jun 2020 11:35 AM IST

Oil jumps above $14 a barrel after massive sell-off. (AFP Photo)

Oil jumps above $14 a barrel after massive sell-off

The Oil Fund had sold its contracts due to expire in June to move into longer-dated holdings amid fears about storage...

29 April 2020 8:40 AM IST

Oil fell on Tuesday, adding to huge declines in the previous session. (AP/AFP Photo)

Oil prices slide as world runs low on storage capacity

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global...

28 April 2020 8:40 AM IST

Brent futures slid $1.01 to settle at $53.93 a barrel, while US West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel.

Oil falls on output cut skepticism, OPEC output rise

Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.

7 Dec 2016 7:43 AM IST