Oil Prices Jump

Oil prices rise on China's policy shift, Assad's fall fuels uncertainty

Syrian rebels announced on state television on Sunday they had ousted Assad, ending a 50-year family dynasty in a lightning offensive that raised fears of a new wave of instability in a region already

OPEC+ to discuss extending oil cuts into 2024 in formal talks on Thursday

An output hike of 180,000 bpd - a fraction of the total - was planned for January from the eight members involved in OPEC+'s most recent cuts of 2.2 million bpd. The hike has been delayed from October

Oil prices edge higher on imminent Opec+ decision, geopolitical turmoil

In the Middle East, Israel said on Tuesday that it would return to war with Hezbollah if their truce collapses and that its attacks would go deeper into Lebanon and target the state itself

Oil prices rise as US rate cut optimism outweighs slower demand concerns

Brent crude futures were up 70 cents, or 0.9 per cent, at $80.46 a barrel at 1222 GMT, recovering some of the previous day's losses

Oil prices rise on lower-than-expected surge in US crude stockpiles

Brent crude futures rose 56 cents to $79.15 a barrel as of 1159 GMT, while U.S. West Texas Intermediate crude climbed 59 cents to $73.90

Oil jumps 4% as tankers avoid Red Sea after US-UK joint strikes on Houthis

Brent crude futures were up $3.16, or 4.1%, at $80.57 a barrel at 1124 GMT, while U.S. West Texas Intermediate crude futures climbed $3.05, or 4.2%, to $75.07

Oil advances above $81 a barrel as Opec+ likely to go for deeper cuts

With inventories swelling in the US and timespreads signaling weaker conditions, hedge funds have slashed their bets on oil to the least bullish in 20 weeks

Oil prices rise 1% after paring earlier gains on mixed Middle East reports

Israeli forces carried out their biggest Gaza ground attack in their 20-day war with Hamas overnight

Crude oil prices surge on US sanctions, tight stockpile forecasts

Russia is the world's second-largest oil producer and a major exporter and the tighter U.S. scrutiny of its shipments could curtail supply

Crude oil tracks global equities higher, IEA demand downgrade weighs

Lower U.S. bond yields are stoking risk appetite, which in turn is supporting equities and oil, UBS analyst Giovanni Staunovo said

India urges producers for 'sensitivity' as oil price near $90 per barrel

Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries

Oil steadies on strong US dollar, darkening global macroeconomic outlook

Higher interest rates and a stronger dollar make oil more expensive for holders of other currencies, which could dampen oil demand

Cloudy future

Higher oil prices increase risks for India

HDFC Bank, ITC lift Sensex 100 pts on late buying; Nifty ends atop 19,600

CLOSING BELL ON SEPTEMBER 06, 2023: The Sensex gained 483 points from the day's low, with HDFC Bank, ITC and Bharti Airtel contributing 217 points to the BSE benchmark on Wednesday.

ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said

Oil prices climb as dollar slips, but demand fears keep a lid on gains

Brent crude futures rose 65 cents, 0.7%, to $95.32 a barrel at 0155 GMT. The contract was on track to end the week down just 0.5%

Oil rises 3% on strong crude demand, outweighing slack in China fears

Brent crude rose 56 cents, or 0.6%, to $96.25 a barrel by 1057 GMT. U.S. West Texas Intermediate (WTI) crude gained 41 cents, or 0.5%, to $88.32

Oil prices rises on weaker dollar and supply concerns; trade choppy

Benchmark Brent crude futures rose by 44 cents to $93.70 a barrel by 11:03 a.m. EDT, while U.S. West Texas Intermediate crude futures rose by 77 cents to $85.35

Oil prices near three-week high on cuts to OPEC+ output targets

Brent crude futures gained 15 cents, or 0.2%, to $93.52 per barrel by 1340 GMT after settling 1.7% up in the previous session.

Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts

U.S. crude futures rose 46 cents, or 0.6%, to $84.09 a barrel, having gained more than 5% in the previous session.