Page 3 - Oil Prices Jump

Petrol, diesel prices may rise as international oil rates surge

A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said

Oil prices edge higher on inventory drawdowns, Brent tops $75 a barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world's top oil consumer, fell to their lowest since January 2020

Oil climbs to four-week high on strong China data, demand revival

Brent crude futures rose 30 cents

Oil prices climb on robust China data, Middle East tensions

Brent crude oil futures were up 37 cents

Indian rupee at a higher risk of depreciation as oil prices surge

Rising crude oil prices along with widening trade deficit have elevated the depreciation risk level for the Indian rupee during the upcoming week

Saudi Aramco raises January crude oil price for Asia, document shows

Saudi Arabian state oil giant Aramco has raised the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, a company document showed

Oil extends gains on vaccine hopes, shrugs off US inventory build

AstraZeneca said on Monday its COVID-19 vaccine could be up to 90% effective, providing another weapon in the fight to control the pandemic.

Oil prices jump on Covid-19 vaccine hopes and OPEC+ supply signals

Brent crude rose $3.41, or 8.6%, to $42.86 a barrel by 1302 GMT while U.S. West Texas Intermediate crude was up $3.57, or 9.6%, at $40.71.

Oil rises after surprise drop in US inventories offsets demand concerns

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels, data showed

Oil prices increase ahead of Opec+ meeting on extended output cuts

OPEC+ producers are considering extending their output cut of 9.7 million barrels per day (bpd), about 10 per cent of global production, into July or August

Oil rises 3% to $63 after Iran shoots down US drone raising conflict fears

Brent crude, the global benchmark, was up $1.73 at $63.55 a barrel at 1218 GMT, having earlier gained 3.3% to $63.88. US West Texas Intermediate crude rose $1.84 to $55.60

Climbing oil prices put India's benign inflation outlook at risk

Data due Friday will probably show headline inflation quickened to 2.8 per cent last month from 2.5 per cent in February

Start reducing oil prices or expect demand to sink, India warns OPEC

If prices continue rising at the pace they've been gaining in the past month and a half, the South Asia nation's consumers will likely see alternatives such as electric vehicles and gas

Oil prices jump as US sanctions on Iran threaten to affect crude volume

But the world oil market is already tight with unplanned disruptions in Canada, Libya and Venezuela removing supply

Oil prices open at $67 per barrel; highest since 2014

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish

Oil prices climb on escalating conflict in Iraq, new US sanctions

Prices were also underpinned by worries over renewed US sanctions against Iran

Oil jumps amid Iraq conflict fears, US sanctions on Iran

International Brent crude futures were at $57.82 at 0645 GMT, up 65 cents, or 1.1% from the previous close