Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West […]
crude oil price
Crude oil prices climbed about one per cent on Wednesday, July 17, on a bigger-than-expected weekly drop in US crude stockpiles and as a weaker US dollar overshadowed signs of lower economic growth in China. Brent futures rose 96 cents, or 1.2 per cent, to $84.69 per barrel, while US […]
Crude oil prices lost their gaining streak and declined on Tuesday, July 16, as investor sentiments were weighed down by worries that a slowing Chinese economy would crimp demand. This was despite a growing consensus that the US Federal Reserve could begin cutting its interest rate as soon as September. […]
Oil prices remained stable as worries about demand in top importer China countered the support from strong demand elsewhere, OPEC’s supply restraint, and geopolitical tensions in the Middle East, on Monday. The broader market’s reaction to the attempted assassination of former U.S. President Donald Trump was closely watched. The U.S. […]
Crude oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since […]
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
In the fourth and last week of June, investors will keenly eye any Union Budget-related or government policy announcements as they may result in stock-specific action. Domestic and global macroeconomic indicators, foreign fund inflow, crude oil prices, and global cues will drive market movement this week. The Indian stock market […]
Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
Oil prices remained steady on Tuesday as traders awaited signs of increased summer demand that could support prices, despite concerns about ample supply potentially limiting gains. Benchmark Brent crude futures were unchanged at $84.23 per barrel at 1231 GMT, following an increase in the previous session. Meanwhile, U.S. West Texas […]
Oil prices surged approximately 2% to reach a one-week peak on Monday, driven by optimism surrounding increased fuel demand anticipated during the summer months, despite the strengthening of the U.S. dollar and expectations that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. Brent futures climbed […]