Oil Steadies as Mideast Tensions Vie With Libyan Supply Outlook
Brent for December traded near USD 72 a barrel after closing slightly higher on Monday, with West Texas Intermediate surpassing USD 68. Israel’s military announced...
Tag : Brent crude
Oil Heads for Deep Weekly Loss on Prospects for Jump in Supply
Brent crude approached the USD 71 per barrel mark and is down by more than 4% for the week, while West Texas Intermediate is trading...
Oil Prices Surged on Middle East Tensions and China Policy Optimism
Brent crude increased to over USD 74 a barrel on Tuesday, following a 0.8% drop on Monday, while West Texas Intermediate was close to USD...
Oil Prices Continue to Sink On Signs of OPEC+ Output boost and China Woes
Brent fell below USD 76 per barrel for November after a more than 2% loss on Friday, and West Texas Intermediate (grade given to crude...
Oil Prices Gained on Positive US Economic Data, Libya Disruptions
Oil stabilised after surging on Thursday, August 29, following positive US economic data and escalating supply disruptions in Libya. Brent for November was trading at...
Crude Oil Prices Jumped 3% Following the Recent Israel Attacks on Iran
Israel launched a retaliatory attack on an Iranian site on April 19, causing oil prices to rise by USD 3 per barrel, raising concerns about...
Oil Prices Reached 2 Month High Outweighing Fed Rate Hike
Oil prices climbed over 3% on Friday, rising to their highest level in 9 weeks as supply concerns and technical buying outweighed fears that further...
Govt Scraps Windfall Tax on Crude Production, Slashes Diesel Cuts
According to a government notice, the government has cut the windfall tax on crude oil production to zero from Rs 3,500 ($42.56) a tonne starting...
OMCs Rise, ONGC, Oil India Shares Fall as Crude Dips Below $75
Shares of BPCL, HPCL and Indian Oil rose 4% in early trade on March 16 after Brent crude fell below the $75-a-barrel mark for the...
Rupee Declines 28 Paise to 76.46 Against US Dollar
On Tuesday morning, the rupee declined 28 paise to 76.46 against the US dollar in opening trade, following a negative trend in domestic equities amid...