Oil Prices Rise After Steep Drop in US Crude Inventories
On Wednesday, Oil prices have extended gains from the previous session after industry data indicated US crude stocks fell much more than expected last week,...
Tag : Oil Prices
Oil Gains with Stronger Growth Outlook Allaying Virus Concerns
Oil rose as a brighter outlook for economic growth and summer travel eased concerns around the impact of a resurgent coronavirus. Futures in New York...
Oil Drops for Fifth Straight Day After US Inventories Rise
Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the...
Oil Prices Fall as OPEC+ Delays Talks to Raise Supply
Oil prices on Tuesday slipped amid concerns over increasing supply after the leading oil producers delayed their talks on the 2021 output policy which could extend...
Oil Prices Edges Up Ahead of OPEC+ Meeting
On Tuesday, Oil prices edged higher with expectations that OPEC and its allies would extend oil production cuts for at least three months, while the market sentiments was bolstered...
Rupee Remains Under Pressure Against US Dollar
Indian rupee against the US dollar amid a sharp decline in domestic equity markets. The rupee fell to 76.43 at day’s low after opening at...
Oil Prices Volatile, as Opec+ Agrees on Production Cut Deal
Global oil prices have remained volatile, despite the Organization of the Petroleum Exporting Countries plus (Opec+), including Russia, agreeing under the US’ pressure to slash...
Asian Markets Rise on Hopes of Slowing Coronavirus Crisis
On Tuesday, the Indian equity market are expected to gain slightly tracking Asian shares. Also, SGX Nifty indicates a positive opening. However, domestic macroeconomic data...
Crude Oil Price Climbs After Russia Back Possible Output Cuts
Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting...
Crude Oil In London Fells Below $50, First Time Since July 2017
For the first time since July 2017, the oil prices fell below US$ 50 for the first time since July 2017, due to the widening...