Crude oil price jumps 2% on Saudi plan to deepen output cuts from July Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high… Updated: June 5, 2023 09:32 IST
Saudi Arabia pledges big oil cuts in July as OPEC+ extends deal into 2024 Saudi’s energy ministry said the country’s output would drop to 9 million barrels per day (bpd) in July from around… Updated: June 5, 2023 08:48 IST
Short positions on crude oil up 140% last week; wait for prices to settle before taking fresh positions Short sellers have increased their positions as recession fears grow, but a recovery in crude oil prices occurred as OPEC+… June 4, 2023 12:23 IST
Crude oil rises on US debt deal, but rate hikes, OPEC+ talks curb enthusiasm Brent crude futures climbed 35 cents, or 0.5%, to $77.42 a barrel by 0145 GMT after gaining 12 cents on… Updated: May 30, 2023 08:31 IST
Crude oil prices tanked 10% since start of year; crude to be range-bound, take positions near support or resistance Crude oil prices have tanked 10% since the start of the year, as OPEC+ becomes the de facto leader of… May 28, 2023 12:03 IST
Crude oil falls on conflicting OPEC+, Russia messages amid stronger dollar Brent crude fell 30 cents to $75.96 a barrel at 0315 GMT, while U.S. West Texas Intermediate was down by… Updated: May 26, 2023 09:51 IST
Crude oil prices fall on US debt uncertainty Brent crude futures slipped 5 cents, or 0.1%, to $78.31 a barrel by 0042 GMT. U.S. West Texas Intermediate crude… Updated: May 25, 2023 10:30 IST
Crude oil prices rise on concerns over tightening supply Brent crude futures rose 86 cents, or 1.1%, to $77.70 a barrel by 0007 GMT, while the U.S. West Texas… Updated: May 24, 2023 07:29 IST
Crude oil prices rise on outlook for higher gasoline demand, tighter supply Brent crude futures rose 20 cents, or 0.3%, to $76.19 a barrel by 0052 GMT while U.S. West Texas Intermediate… Updated: May 23, 2023 07:50 IST
Crude Oil edges up on supply worries, G7 pledge to enforce Russian price caps Brent crude futures climbed 14 cents, or 0.2%, to $75.72 a barrel by 0018 GMT while U.S. West Texas Intermediate… Updated: May 22, 2023 07:32 IST
Crude oil output figures expected to drop; traders should go long around Rs 5800/bbl, target of Rs 6100/bbl Crude oil sentiment improves despite falling US inventory and tightening OPEC production. May 20, 2023 08:48 IST
Crude oil prices ease on caution over US debt ceiling talks Brent crude futures dipped 20 cents, 0.3%, to $76.76 a barrel as of 0228 GMT. U.S. West Texas Intermediate crude… Updated: May 18, 2023 10:52 IST
Crude oil dips on demand worries after unexpected US crude build U.S. West Texas Intermediate crude edged down by 32 cents, also 0.4% down, to $70.55, as of 0005 GMT. Updated: May 17, 2023 07:44 IST
Crude oil prices extend gains on US plans to refill reserve, Canada’s wildfires Brent crude futures rose 31 cents, or 0.4%, to $75.54 a barrel by 0043 GMT, while U.S. West Texas Intermediate… Updated: May 16, 2023 08:35 IST
Crude oil price falls as economic concerns offset prospect of tighter supplies Brent crude futures fell 43 cents, or 0.6%, to $73.74 a barrel by 0130 GMT while U.S. West Texas Intermediate… Updated: May 15, 2023 09:13 IST
Crude oil prices recover on short-covering, U.S. debt ceiling fears weigh Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained… May 12, 2023 10:38 IST
Crude oil prices climb on positive US fuel demand data Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures… Updated: May 11, 2023 09:54 IST
Crude oil prices inch up as recession fears begin to fade Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude… Updated: May 8, 2023 07:28 IST
Crude oil heads for third straight weekly loss as economic worries persist Brent crude rose 14 cents, or 0.2%, to $72.64 a barrel at 0002 GMT, while U.S. West Texas Intermediate was… Updated: May 5, 2023 07:23 IST
Crude oil falls as economic fears weigh against potential crude draw Brent crude fell by 2 cents to $79.29 a barrel by 0021 GMT, while U.S. West Texas Intermediate (WTI) crude… Updated: May 2, 2023 08:21 IST
Trend for crude oil still bearish as crude prices fall; exit all long positions above Rs 6000/bbl Avoid and exit all long positions below Rs 6000/bbl, as the trend for crude oil prices still remains bearish. Updated: April 29, 2023 11:18 IST
Crude oil price set for second weekly drop as recession fears, rates cloud outlook Brent crude futures for June were trading at $78.53 a barrel, up 16 cents, or 0.2%, as of 0156 GMT. Updated: April 28, 2023 08:20 IST
