Oil prices

Crude oil price fell below ZERO for first time; why companies were willing to pay money to sell oil

In New York, West Texas Intermediate for May delivery dropped as low as negative $40.32 a barrel. It’s far below the lowest level previous seen in continuation monthly data charts since 1946.

Oil prices drop further on supply, Britain European Union exit fears

Oil prices tumbled again today as traders grow concerned about the chances of Britain leaving the European Union...

Oil prices fall as global growth, Brexit concerns weigh

Crude oil futures fell in early Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain's possible Europ

Oil prices fall back below $50 as economic concerns rise

With Asia's economic growth outlook darkening, many oil speculators have sold out of long positions which have been profiting from an almost doubling in crude prices since hitting over decade lows earlier this year.

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Crude oil prices hit highest level of 2016; 5 things you should know

Crude oil prices rallied to the highest level in 2016 this week on drop in inventories and strong imports by China aided positive trading sentiment amid ongoing supply outages in Nigeria.

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Oil prices add to gains after US supplies drop

Oil prices extended their gains to multi-month highs today following another drop in US supplies and the prospect of further disruptions to output from key producer Nigeria.

Asia Oil

Oil prices near 2016 highs as US crude inventories drop

Oil prices remained near 2016 highs in early trading on Thursday, buoyed by a fall in U.S. crude inventories, a weaker dollar and strong demand, but some analysts warned that the recent rally was starting to look overblown.

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Oil prices hit new 2016 highs

Oil prices hit fresh 2016 highs today on Nigerian supply concerns and a weaker dollar, as traders awaited energy inventory data from the United States, the world's biggest crude consumer.

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Oil prices stay near 8-month high on US inventory draw

Oil prices stood steady near their highest level in about eight months, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories and worries about attacks on Nigeria's oil industry.

Higher oil prices may create adversity: FM Arun Jaitley

With crude oil price touching 7-month high of $50 a barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.

Arun jaitley, crude oil prices, oil prices, Oil imports, oil imports India, GST bill, Goods and services tax

OPEC meet 2016: Will oil prices convincingly break above $50 level?

Crude prices briefly topped $50 last week for the first time this year, ahead of the OPEC meet 2016.

OPEC meet, OPEC meet 2016

Oil prices flat ahead of OPEC meeting

Oil prices were flat in early Asian trading today as investors awaited the outcome of an OPEC meeting later in the day in Vienna.

Arun jaitley, crude oil prices, oil prices, Oil imports, oil imports India, GST bill, Goods and services tax

Oil prices fall as OPEC seen unlikely to agree output restraint

Oil prices fell early on Thursday as a row between Saudi Arabia and Iran made it unlikely that the OPEC would agree any output constraints during a meeting in Vienna, just as demand worries from China resurfaced.

Oil prices fall on rising Middle East output, China demand concerns

Oil prices fell early on Wednesday as production from the major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy...

Crude oil

US oil prices rise on start of summer driving season

US oil prices were lifted early on Tuesday by the start of the peak demand summer driving season, although international fuel markets were weighed down by rising output in the Middle East, which mostly serves Asian customers.

Brent oil prices climb above $50 a barrel for first time in nearly 7 months

Oil prices inched towards $50 a barrel in early Asian trade on Thursday, after U.S. government figures showed a sharper-than-expected drawdown of crude stocks last week as imports dropped.

Crude oil

Oil prices climb as US crude stocks seen shrinking

Oil futures rose on Wednesday after U.S. industry data suggested a larger-than-expected drawdown in crude inventories last week, although a stronger U.S. dollar curbed gains.

OPEC, Nigeria, International Brent crude oil, Venezuela, Exxon Mobil, ANZ bank, Royal Dutch Shell, Chevron, China, Asian markets

Oil prices dip on strong US dollar, firm global supplies

Oil prices slipped in early Asian trade on Monday on a strong dollar as the odds grow of a June or July rate hike, and signs that global oil supply is holding up even as unplanned outages rise to at least a five-year high.

US crude oil Price, US crude oil News, US crude oil News Today

Weak oil prices may hit remittances from Gulf nations: Crisil

Continuing weakness in oil prices may impact remittances from Gulf countries into India, a report by domestic ratings agency Crisil said.

oil prices

IMF announces $5.4B loan over 3 years to Iraq

The International Monetary Fund says it is lending $5.4 billion over three years to Iraq, which has been hit hard by a sharp drop in oil prices.

International Monetary Fund, oil prices, price hike, Islamic state, ISIS in Jordon

Oil at fresh 2016 highs on hopes of supply glut easing

Oil rose to fresh 2016 highs in Asia today as a slowdown in US drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than expected.

OPEC, Nigeria, International Brent crude oil, Venezuela, Exxon Mobil, ANZ bank, Royal Dutch Shell, Chevron, China, Asian markets

Oil prices fall on stronger dollar; Russia warns of longer crude glut

Oil prices dipped in early trading on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.

Oil prices dip on record US inventories; Canada output to improve soon

Oil prices dipped on Wednesday as Canadian oil sand production was expected to gradually ramp up following forced closures due to wildfires...

Oil

Oil prices fall on rising OPEC crude production

Brent futures were trading at $47.05 per barrel at 0028 GMT on Monday, down 32 cents from their last settlement. US crude was down 28 cents at $45.64 a barrel.

OIL PRICES

Oil prices rise on weaker dollar, new cash inflows

Crude oil futures rose on Tuesday, pushed up by a weaker dollar and a flood of new cash into the market, but analysts warned that fundamentals remain...

Crude oil

Next downturn? Why rebound in oil prices from 12-year lows may come to a crashing halt

Soaring oil output has left the world awash with cheap crude as supply exceeds demand by 1 million to 2 million barrels per day.

Crude oil price in 2016

Oil prices could see downside risks in the near term, says Goldman Sachs

The recent rally in commodity prices is not supported by fundamentals in the physical markets, Goldman Sachs said.

Crude oil prices
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