Crude has rallied more than 30 percent to start the year as output reductions by the Organization of Petroleum Exporting Countries and its partners
A decline in OPEC production and a squeeze on supply from Iran and Venezuela because of US sanctions have led many analysts to forecast that the market will be balanced in 2019
US light crude oil was down 30 cents at $45.28, on course for a decline of 11.0% for the week.
Christopher Wood, managing director and equity strategist at CLSA tells Puneet Wadhwa at their 21st India Forum that he is not altering his allocation to Indian equities just yet
The outlook for oil, a key source of revenue for Russia and Saudi Arabia, is adding a fresh twist for a market already obsessed with Federal Reserve tightening and the U.S.-China trade dispute
Crude's slump from its early-October peak above $76 a barrel comes as US production is at a record
Earlier in the summer, prices began to surge as the risk of production shortfalls from sanctions on Iran and Venezuela's economic collapse rattled the market
In July, senior OPEC officials attended a workshop in Vienna with international law firm White & Case to discuss US' NOPEC bill
Oil hits six-week high after OPEC deal, sterling jumps
Given the random walk, changing oil prices impact short-term macroeconomic stabilization
Brent crude jumped to a high of nearly $72 a barrel
Brent crude futures LCOc1 - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high
Govt will have to deal with pressure on the fisc
About $7 million worth of options changed hands Friday
Concerns remain whether Opec-led output cuts were starting to drain a global glut
August Brent crude futures were up 85 cents at $50.02 a barrel by 10:55 GMT, set for a gain of six per cent in two trading days
IEA report shows that rebalancing of supply and demand situation could come soon
Saudi Arabia's health minister, Khalid al-Falih at WEF had said that world's top oil exporter might benefit from oil below $30 per barrel