Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term
Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 driven by multiple factors. Key Points
mintJapan's Nikkei hits record high after Nvidia beat, rest of Asia muted
By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintCrude oil prices inch higher on bargain hunting ahead of Fed rate decision
Brent crude futures climbed 16 cents, or 0.2%, to $72.00 a barrel by 0048 GMT. U.S. West Texas Intermediate (WTI) crude was at $67.19 a barrel, up 7 cents, or 0.1%. Key Points
FinancialexpressCrude oil price steady as investors weigh supply and demand drivers
Brent crude futures dipped 1 cent at $76.94 a barrel at 0110 GMT, while the U.S. West Texas Intermediate crude futures rose 5 cents at $72.58 a barrel. Key Points
FinancialexpressCrude 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 of $78.73 a barrel. Key Points
Financialexpress
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 up 17 cents, or 0.3%, at $68.73 a barrel after four straight days of losses. Key Points
FinancialexpressCrude oil prices slide on uncertainty over global economic outlook, rate hikes
Brent crude slipped 48 cents, or 0.6%, to $81.18 a barrel by 0045 GMT while U.S. West Texas Intermediate crude was at $77.39 a barrel, down 48 cents, also 0.6% lower. Key Points
FinancialexpressCrude oil prices steady as investor focus shifts to demand outlook
Brent crude futures fell 2 cents to $84.91 a barrel by 0029 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading at $80.47 a barrel, up 5 cents. Key Points
FinancialexpressCrude oil jumps $5/bbl as surprise OPEC+ output cuts jolt markets
Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. Key Points
FinancialexpressCrude oil falls as US holds off refilling strategic reserve
Brent crude futures slid 48 cents, or 0.6%, to $75.43 a barrel by 0039 GMT, while U.S. West Texas Intermediate crude futures dropped 52 cents, or 0.7%, to $69.44 a barrel. Key Points
Financialexpress
Oil steadies as investors take stock of banking crisis
International Business News: Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday. Key Points
Times Of IndiaCrude oil steadies as investors take stock of banking crisis
Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday. Key Points
FinancialexpressCrude oil edges lower ahead of Fed meeting
Brent crude futures fell 29 cents, or 0.4%, to $74.50 a barrel by 0058 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.93 a barrel, down 24 cents, or 0.3%. Key Points
FinancialexpressIndia and China Snapping up Majority of Russian Oil Above Western Price Cap
India and China are reportedly buying the majority of Russian oil in April at prices above the Western price cap of $60 per barrel, according to Reuters. This has helped the Kremlin earn stronger revenues despite Western attempts to reduce funds for Russia’s military operations in Ukraine. India accounts for over 70% of seaborne supplies of the grade so far this month, while China accounts for about 20%. Meanwhile, lower freight rates and smaller discounts for Urals against global benchmarks have nudged the daily price of the grade back above the cap earlier in April. Keywords: Russia, oil, India, China, Western price cap. Key Points
The HinduOil reports second straight weekly gain on Israel-Hamas concerns; Brent settles lower at $92/bbl
Both Brent crude and US WTI had gained more than a dollar per barrel during Friday's session on signs of escalation of the conflict. For the week, both front-month contracts rose over 1 per cent, a second straight weekly jump. Key Points
mint
Crude oil steadies as market awaits US Federal Reserve rate outlook
Brent crude futures were up 9 cents, or 0.1%, at $74.38 a barrel by 0340 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.43 a barrel, up 1 cent. Key Points
FinancialexpressOil retreats over 2% over global growth fears after Saudi output cut led one-day rally; what lies ahead
Brent crude had gained as much as $2.60 per barrel on Monday and WTI as much as $3.30 after Saudi Arabia, the world's top exporter, announced on June 4 that its output would drop by 1 million barrels per day (bpd) to 9 million bpd in July. Key Points
mintCrude 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 14 cents at $71.69 a barrel. Key Points
FinancialexpressCrude oil prices steady as markets look ahead to China GDP data
Brent crude was flat at $84.76 a barrel at 0004 GMT, while U.S. West Texas Intermediate was up 5 cents at $80.88 a barrel. Key Points
FinancialexpressWeak coalition after 2024 polls, oil may hit growth stability: Morgan Stanley
It highlighted that the current account deficit could widen to 2.5%, close to RBI's comfort zone. With macro stability indicators stretched under this scenario, we think currency depreciation pressures could rise and lead RBI to restart its rate hike cycle, said the report. However, if conditions remain favourable, India's growth could average 6.5% for the decade, according to Morgan Stanley. It said growth could move higher if the government makes more concerted efforts to expand infrastructure. Key Points
Economic TimesOil drops after Hamas releases US hostages
By Shariq Khan BENGALURU (Reuters) -Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could Key Points
ThePrintOil prices climb on expectations of lower OPEC+ exports in August
Brent crude climbed 75 cents to $85.55 a barrel by 0301 GMT, while U.S. West Texas Intermediate crude was at $82.05 a barrel, up 80 cents. The September WTI contract expires on Tuesday and the more active October contract gained 73 cents to $81.39 a barrel. Key Points
Business TodayCrude oil prices set to snap two-week losing streak on China demand optimism
Brent futures dipped 17 cents, or 0.2%, to $75.50 a barrel by 0341 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 16 cents, also 0.2%, to $70.46 a barrel. Key Points
FinancialexpressCrude oil prices extend losses after Fed interest rate rise
Brent futures fell 76 cents, or 1.1%, to $71.57 a barrel by 0002 GMT. The global benchmark on Wednesday posted its lowest settle since December 2021. Key Points
FinancialexpressCrude oil prices ease as investors weigh China demand, rate hikes
Brent crude fell 7 cents to $82.66 a barrel at 0013 GMT, while U.S. West Texas Intermediate crude eased 6 cents to $78.70 a barrel. Key Points
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Indian shares set to open higher on falling US Treasury yields, oil prices
Indian shares are set to open higher on Tuesday on falling U.S. Treasury yields, spurred by renewed hopes for an end to the rate hike cycle and as oil prices hovered around $80 per barrel ahead of the OPEC+ meeting. Key Points
ReutersOil falls more than $2 on easing Middle East fears
By Erwin Seba HOUSTON (Reuters) -Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same time that U.S. demand showed signs of weakening. Brent crude Key Points
ThePrintCrude oil price gains for 3rd day on Kurdish supply concerns, easing banking fears
Brent crude futures rose 42 cents, or 0.5%, to $79.07 a barrel at 0046 GMT. West Texas Intermediate U.S. crude climbed 59 cents, or 0.8%, to $73.79 a barrel. Key Points
FinancialexpressOil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude Key Points
ThePrintCrude oil dips as potential Fed rate hike overshadow falling stocks
Brent crude futures shed 7 cents to $84.70 a barrel at 0320 GMT. West Texas Intermediate U.S. crude was down 5 cents to $80.81 a barrel. Key Points
Financialexpress
India may feel oil pinch as Russia looks to lower crude discount to $20/bbl
Russia's finance ministry is said to planning to cut the discount [$25 per barrel to Brent crude] used for deciding taxes on the country's crude oil exports to $20 per barrel, said Russian Finance Minister Anton Siluanov. He did not elaborate on what measures being considered to improve the calculation of taxes on oil exports. Key Points
Economic TimesOil prices tick down after surprise rise in US crude stockpiles
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in Key Points
ThePrintOil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl
Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. ET (1538 GMT). Similarly, U.S. West Texas Intermediate futures experienced a gain of 76 cents, or 0.9%, reaching $85.91 per barrel. Key Points
mintOil falls more than 3% on softening demand, oversupply concerns
By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concern about oversupply and after U.S. economic data showed an unexpected rise in Key Points
ThePrintOil rises over 1% after US Fed keeps rates unchanged
Brent crude futures rose 89 cents, or 1.1%, to $85.52 a barrel by 0324 GMT, while US West Texas Intermediate crude futures advanced 91 cents, also 1.1%, to $81.35 a barrel. Key Points
India Today
Crude oil edges up after steep losses ahead of US debt ceiling vote
Brent crude futures for August delivery rose 11 cents to $73.82 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude (WTI) gained 8 cents to $69.54 a barrel. Key Points
FinancialexpressCrude 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 Intermediate crude (WTI) gained 88 cents, or 1.2%, to $73.79 a barrel. Key Points
FinancialexpressCrude 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 (WTI) crude was at $72.26 a barrel, up 21 cents, or 0.3%. Key Points
FinancialexpressCrude 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 also dropped 20 cents to $72.63 a barrel. Key Points
FinancialexpressCrude 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 41 cents, or 0.6%, to $71.28. They recovered from losses of about 3%-4% over the past two sessions. Key Points
Financialexpress
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 rose 53 cents, also up 0.7%, to $73.09. Key Points
FinancialexpressCrude 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. Key Points
FinancialexpressCrude oil prices holds above $80/bbl on OPEC+ cuts, traders eye China recovery
Brent crude futures nudged 17 cents higher to $86.48 a barrel by 0144 GMT, while U.S. West Texas Intermediate crude was at $82.66 a barrel, up 14 cents. Key Points
FinancialexpressOil prices surge, markets narrow odds on Fed hike
Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut by around 1.16 million barrels per day, while U.S. crude climbed $4.88 to $80.55. Key Points
FinancialexpressOil rises more than 1% on tightening supplies, cooling US inflation
By Shariq Khan BENGALURU (Reuters) -Oil prices rose by more than a dollar a barrel on Friday as supplies tightened in some parts of the world and U.S. inflation data indicated price rises were slowing Key Points
ThePrintOil eases as Fed caution, stock build outweigh OPEC+ news
By Mohi Narayan NEW DELHI (Reuters) - Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a rise in U.S. crude stocks offset a boost on Tuesday Key Points
ThePrintOil rises as investors weigh Red Sea attacks, US rate cut outlook
By Mohi Narayan NEW DELHI (Reuters) -Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. Key Points
ThePrintOil rises nearly 3% after Fed, BoE keep rates unchanged
By Shariq Khan BENGALURU (Reuters) -Oil prices gained more than $2 a barrel on Thursday and were set to break a three-day declining streak as risk appetite returned to financial markets after the U.S. Key Points
ThePrintOil prices climb as investor risk appetite grows
By Yuka Obayashi TOKYO (Reuters) - Oil prices climbed on Monday, reversing some of Friday's losses, as investors focused on a tight global supply outlook and a last-minute deal that avoided a U.S. Key Points
ThePrintBrent at $81/bbl; prices flat after recent spike on supply concerns
International crude oil prices traded flat on Friday after a surge in the previous session due to concerns of supply disruption, with Brent trading at $81.40 per barrel and WTI at $76.90 per barrel. The International Energy Agency (IEA) stated that global demand this year will not grow as fast as previously projected, but OPEC expects a tighter global oil market in 2024. Analysts noted that although crude traded flat, sentiments remain bullish amid concerns of falling supplies, particularly in Russia. Key Points
mintOil rallies 1% after hawkish remarks from Fed's Powell
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in U.S. stockpiles and Federal Reserve Chair Jerome Powell reaffirmed the Key Points
ThePrintCrude oil prices tick up as markets look to key Chinese economic data
Brent crude futures climbed 21 cents, or 0.3%, to $73.41 a barrel by 0009 GMT. Key Points
FinancialexpressCrude oil prices tick down with OPEC meeting in rear view
Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT. Key Points
FinancialexpressCrude 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 crude for July delivery, the more actively traded contract, was at $71.84 a barrel, up 15 cents, or 0.2%. Key Points
FinancialexpressCrude 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 crude was at $71.38 a barrel, up 27 cents, or 0.4%. Key Points
Financialexpress/cloudfront-us-east-2.images.arcpublishing.com/reuters/BCTVMHSTDRLAVJSJHNKUP4UUNQ.jpg)
Oil heads for third straight weekly loss as economic worries persist
Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Key Points
ReutersCrude oil edges up on historic Swiss banks deal, central banks support
Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December. Key Points
FinancialexpressOil falls more than $1/bbl on Middle East peace talks, US rate cut doubts
By Laila Kearney (Reuters) -Oil prices lost more than $1 a barrel on Monday as Israel ceasefire talks in Cairo tempered fears of a wider Middle East conflict, while U.S. inflation data dimmed the Key Points
ThePrintCrude oil falls after large surprise build in US crude stocks
Brent crude futures for August delivery fell 40 cents, or 0.6% to $72.20 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude (WTI) eased 39 cents, or 0.6%, to $67.70 a barrel. Key Points
FinancialexpressCrude oil price edges higher on prospect of tighter supplies
Brent crude futures gained 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while U.S. West Texas Intermediate crude was at $80.84 a barrel, up 14 cents, or 0.2%. Key Points
FinancialexpressOil prices climb 2% on small build in US crude stocks, Fed rate cut seen
By Scott DiSavino NEW YORK (Reuters) - Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in U.S. crude inventories, a big withdrawal from distillate and gasoline stockpiles and Key Points
ThePrintAsian shares track US futures higher, bonds hold gains
By Stella Qiu SYDNEY (Reuters) - Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S. Key Points
ThePrintIndian shares set to open higher tracking Asian peers
Indian shares are set to open marginally higher on Wednesday, tracking a rebound in global stocks, as U.S. Treasury yields eased and crude oil prices moderated below $90 per barrel. Key Points
ReutersIndia's HPCL posts biggest quarterly profit in a decade
India's Hindustan Petroleum Corp Ltd (HPCL) (HPCL.NS) on Wednesday posted its biggest quarterly profit in more than a decade, aided by higher marketing margins and a fall in crude prices. Key Points
ReutersIndian Oil Corp swings to Q1 profit on higher marketing margins
Indian Oil Corp Ltd (IOC) (IOC.NS) reported a first-quarter profit on Friday, as the country's top refiner benefited from higher fuel sales and marketing margins. Key Points
Reuters
India took even more Russian oil in May, crowding out Saudis
India took 1.96 million barrels a day from Russia last month, 15% more than the previous high in April, according to data from Vortexa Ltd. Shipments from Saudi Arabia slipped to the lowest level since February 2021. Key Points
FinancialexpressCrude oil prices fall on strong dollar, sticky inflation
Brent futures were down 2 cents at $75.84 a barrel as at 0015 GMT. U.S. West Texas Intermediate (WTI) crude fell 10 cents, or 0.043%, to settle at $71.76. Key Points
FinancialexpressCrude 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 futures were up 8 cents at $71.42. Key Points
FinancialexpressCrude oil rises as China factory activity expansion lifts demand hopes
Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at 0146 GMT. Key Points
FinancialexpressCrude oil slips after unexpected build in US crude stocks
Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. Key Points
Financialexpress
Crude oil regains a bit of ground as Credit Suisse secures lifeline
As of 0427 GMT, Brent crude futures were up 58 cents or 0.8% to $74.27 per barrel. West Texas Intermediate crude futures (WTI) rose 51 cents, also 0.8%, to $68.12 a barrel. Key Points
Financialexpress