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Us Crude Market

After rallying to 26-mth high, Asian shares end the week with a whimper

Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady

After rallying to 26-mth high, Asian shares end the week with a whimper
Updated On : 21 Jun 2024 | 12:00 PM IST

Oil prices edge up 1% on bigger-than-expected US storage withdrawal

The U.S. Energy Information Administration (EIA) said energy firms pulled 4.3 million barrels of crude from stockpiles during the week ended December 8

Oil prices edge up 1% on bigger-than-expected US storage withdrawal
Updated On : 13 Dec 2023 | 10:26 PM IST

Oil up as US crude stocks seen falling, OPEC+ concerns limit gains

Brent crude futures firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 80 cents or 1.02% to $79.00 per barrel

Oil up as US crude stocks seen falling, OPEC+ concerns limit gains
Updated On : 30 Nov 2022 | 10:58 AM IST

Oil prices lose ground as market jittery over demand risks

Both OPEC and US Energy Department have cut their demand outlooks, while a flare-up in Covid cases in China has sparked fresh concerns over fuel consumption in the world's top crude importing-country

Oil prices lose ground as market jittery over demand risks
Updated On : 13 Oct 2022 | 1:46 PM IST

US launches auction for 32 mn barrels of crude oil from 4 SPR sites

The US launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites to be delivered between late-December and April 2022

US launches auction for 32 mn barrels of crude oil from 4 SPR sites
Updated On : 25 Nov 2021 | 12:07 PM IST

Oil rallies to $73 on tight US supplies due to Ida, Biden-Xi call

Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade hopes gave riskier assets a boost

Oil rallies to $73 on tight US supplies due to Ida, Biden-Xi call
Updated On : 10 Sep 2021 | 7:45 PM IST

Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar

Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand

Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar
Updated On : 18 Aug 2021 | 10:12 PM IST

Oil climbs as draw in US crude stocks boosts optimism about demand

Oil prices climbed on June 24 after a sharp drawdown in United States crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand

Oil climbs as draw in US crude stocks boosts optimism about demand
Updated On : 24 Jun 2021 | 9:50 AM IST
Updated On : 11 Mar 2021 | 1:58 AM IST

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover

Oil prices gain as US fuel stocks drop, OPEC+ considers deal rollover
Updated On : 03 Mar 2021 | 11:19 PM IST

Oil holds near 13-month high, supported by sharp drop in US output

U.S. West Texas Intermediate was down 49 cents or 0.8% at $62.73, after also hitting a 13-month high of $63.79

Oil holds near 13-month high, supported by sharp drop in US output
Updated On : 25 Feb 2021 | 11:50 PM IST

Oil prices rise after data shows slump in US output amid Texas freeze

Gasoline production last week declined as a result of the Texas refinery shutdowns, to 7.7 million bpd

Oil prices rise after data shows slump in US output amid Texas freeze
Updated On : 24 Feb 2021 | 11:34 PM IST

Covid-19: Unemployed supertankers are about to get junked on Asia's beaches

On Wednesday, daily earnings for supertankers sailing on the benchmark Middle East to China route were -$1,190, according to figures from the Baltic Exchange in London

Covid-19: Unemployed supertankers are about to get junked on Asia's beaches
Updated On : 26 Jan 2021 | 12:05 AM IST

Oil prices flat; US crude stock draw supports but demand hopes dim

Oil prices found some support on Wednesday from the U.S. dollar hitting its lowest against a basket of currencies since 2018, making oil cheaper for holders of other currencies

Oil prices flat; US crude stock draw supports but demand hopes dim
Updated On : 31 Dec 2020 | 12:05 AM IST

Oil prices rise to 5-month high on weak dollar, US crude stockpiles

Oil also drew support from signs that talks between the White House and Democrats in Congress on a new coronavirus relief package are making progress, although the sides remain far apart

Oil prices rise to 5-month high on weak dollar, US crude stockpiles
Updated On : 06 Aug 2020 | 8:00 AM IST

Oil prices at five-month high on big drop in US crude stocks, weak dollar

Brent crude was up $1.50, or 3.4 per cent, at $45.93 a barrel

Oil prices at five-month high on big drop in US crude stocks, weak dollar
Updated On : 05 Aug 2020 | 7:56 PM IST

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge

Both benchmarks rose 2% on Wednesday following a sharp drawdown in US crude inventories

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge
Updated On : 17 Jul 2020 | 8:26 AM IST
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Market Wrap, Feb 10: Sensex slips 162 pts amid coronavirus scare

Avenue Supermarts pipped Bajaj Finserv in terms of market capitalisation (m-cap). The stock zoomed 11 per cent during the session to hit a fresh 52-week high of Rs 2,537 on the BSE

Market Wrap, Feb 10: Sensex slips 162 pts amid coronavirus scare
Updated On : 10 Feb 2020 | 4:38 PM IST

Rising US shale output weighs down oil prices, but OPEC cuts prevent fall

US crude inventories rose for a second week in a row, building by 1.9 million barrels in the week to November 10 to 459 million barrels.

Rising US shale output weighs down oil prices, but OPEC cuts prevent fall
Updated On : 16 Nov 2017 | 9:08 AM IST

Love for discounts moves India closer to US crude market

India is getting US crude oil cheaper by at least $2/bl compared to OPEC countries

Love for discounts moves India closer to US crude market
Updated On : 14 Oct 2017 | 1:45 AM IST