Page 2 - Us Oil Prices

US oil, gas M&A activity rose 57% in 2023 as industry consolidated: Report

The jump in spending on dealmaking and expanding reserves marks a shift in strategy following a years-long focus on shareholder returns over growth, which many firms had employed

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 slide more than $2 as investors digest weak US job data

U.S. job growth slowed more than expected in July as unemployment increased to 4.3 per cent, pointing to possible weakness in the labor market and greater vulnerability to recession

Oil prices on track for fourth straight week of gains as demand rises

With the U.S. market shut on Thursday for the Independence Day holiday, trading was thin and there was no settlement for WTI, but prices have risen this week on strong summer demand expectations in US

Oil future prices head for weekly gain on solid 2024 demand outlook

US consumer sentiment weakened in June to a seven-month low as inflation and income worries linger, a survey showed on Friday

Oil prices rise but set for weekly loss amid expectations of Fed rate cuts

The gains erased some losses from the previous session, which was dominated by worries about stubborn U.S. inflation that dampened hopes for an interest rate cut as early as June

Rupee turns flat at 83.33 against US dollar amid high crude oil prices

The rupee turned flat at 83.33 against the US dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the Indian currency. At the interbank foreign exchange, the rupee opened at 83.32 and lost further to trade at the previous closing level of 83.33 against the greenback in initial deals. On Wednesday, the rupee declined 4 paise to close at 83.33 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 104.07. Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 170.43 points, or 0.23 per cent, higher at 73,166.74 points. The broader NSE Nifty rose 53.45 points, or 0.24 per cent, to 22,177.10 points. Foreign institutional investors (FIIs) we

BPCL signs 4-month US oil purchase deal with BP, delivery to begin in June

The Indian refiner has also separately bought 2 million barrels of WTI crude for loading in April via a spot tender, the sources said

India buying more oil from US as fresh sanctions stifle Russian flows

Russian crude flows to India surged after the invasion of Ukraine and the OPEC+ producer is still the biggest supplier to the South Asian nation, but tighter US sanctions have stranded cargoes

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 prices go steady with trading Brent near $80 as US output hits record

Brent crude futures rose 13 cents, or 0.1%, to $79.80 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude was 4 cents higher at $74.26

Market outlook 2024: Over to the interim Budget, general elections

The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly

Oil prices fall on big US crude stock build, Asian fuel demand worries

Brent futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel.

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

US planning crackdown on Russian G7 oil sanctions evasion, says Yellen

Yellen said the recent surge in bond yields has not created dysfunction in US financial markets

Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks

Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management

Oil prices up as China cuts rates twice in 3 months to support economy

Brent crude futures rose 11 cents, or 0.1%, to trade at $86.32 per barrel at 0414 GMT. U.S. West Texas Intermediate crude was up 7 cents, also 0.1%, to $82.57 a barrel

Oil prices drop as US crude inventories jump, fuel demand worries

Gasoline stocks rose by about 846,000 barrels, while distillate stocks rose by about 1.7 million barrels, according to the sources, who spoke on condition of anonymity

Oil prices steady as optimism over recovering Chinese demand offset by US

il prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months.

Oil prices settle higher amid supply disruption on Druzhba pipeline

Brent crude futures rose 72 cents to settle at $93.86 a barrel, while U.S. West Texas Intermediate crude rose $1.05 to $86.92