Oil prices fell on Tuesday, after U.S. data suggested inflation remains sticky and OPEC maintained its demand forecast for the year. Brent crude futures fell $1.08 to $82.28 a barrel at 11:31 a.m. ET (1531 GMT), while U.S. West Texas Intermediate crude futures (WTI) lost $1.17 to $77.95 a barrel. […]
crude oil prices trending
In the third week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues. Domestic equity benchmarks declined two per cent during the past week, logging their worst since mid-March […]
Oil prices rose about 1% to a one-week high on Thursday after data from China and the U.S. signalled that demand in the world’s two biggest crude-consuming nations could climb higher. Brent futures rose 40 cents, or 0.5%, to $83.98 a barrel by 11:03 a.m. EDT (1503 GMT), while U.S. […]
Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw in crude stockpiles as refiners ramped up output ahead of the summer driving season. Brent crude oil futures increased 52 cents, or 0.63%, to $83.68 a barrel by 12:00 p.m. EDT (1600 GMT). U.S. West […]
Also Read: Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity? Brent crude futures dropped 36 cents, or 0.4 per cent, to $82.97 per barrel, while the US West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.4 […]
Brent crude futures for July were last down 29 cents, or 0.35 per cent, to $83.38 a barrel. US West Texas Intermediate crude for June fell 37 cents, or 0.47 per cent, to $78.58 per barrel. Both benchmarks are set for weekly losses as investors are concerned that higher-for-longer interest […]