Crude oil prices lost their gaining streak and declined on Tuesday, July 16, as investor sentiments were weighed down by worries that a slowing Chinese economy would crimp demand. This was despite a growing consensus that the US Federal Reserve could begin cutting its interest rate as soon as September. […]
crude oil prices today
International crude oil prices of Brent hit their highest level since April 2024 on Thursday, July 4, holding above the $87/barrel-mark after industry data showed a decline in US inventories. The surge in crude prices followed a larger-than-expected decline in US crude stocks after the US Energy Information Administration (EIA) […]
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
Oil prices rose slightly as expectations of robust summer fuel demand and escalating geopolitical tensions offset the impact of a stronger dollar, on Monday. Brent futures for August delivery increased by 53 cents to reach $85.77 per barrel, marking a 0.6% gain, as of 11:38 a.m. EST (1538 GMT). Meanwhile, […]
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known collectively as OPEC+ and will meet on Sunday, June 2, to discuss their joint oil production policy. However, analysts are not particularly bullish on the crude oil prices this year as many believe markets to […]
Crude oil prices snapped their three-day winning streak and crashed nearly two per cent on Thursday, May 30, after the US government reported weak fuel demand and a surprise jump in gasoline and distillate fuel stockpiles. The downtrend comes ahead of the output policy decision by the Organisation of Petroleum […]
Oil prices extended gains and hit a four-week high on Wednesday, May 29, over expectations that the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will extend output cuts at its upcoming policy meeting on June 2. Crude also gained on hopes that the fuel consumption or demand will […]
Crude oil prices rose by more than $1 per barrel on Tuesday, May 28, on the expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain the current crude supply curbs, while a weaker US dollar made the commodity more attractive to holders of other currencies. […]
Domestic equity benchmark indices recorded their biggest two-week winning streak in the last five months amid the election rally gripping the pulse on D-Street. Nifty 50 and Sensex reclaimed their record highs and gained around two per cent this week logging their best week in three months. Analysts say that […]
Oil prices increased during early Asian trading on Monday, extending last week’s gains. This rise occurred amid the search for Iran’s president following a helicopter crash in the oil-producing country and the U.S. purchase of crude to replenish its national stockpile. By 0049 GMT, Brent crude had climbed 26 cents, […]