American Petroleum Institute

Sensex jumps over 340 points to hit record intra-day high of 40,816.38, Nifty above 12,000-mark; Reliance Industries jumps 4%

At 10.30 AM, the Sensex soared 302.90 points or 0.75 percent up at 40,772.60-intra day high

Oil prices edge lower ahead of US stockpile data; weaker economic growth offsets hopes of rise in crude demand

US crude oil stockpiles at Cushing, Oklahoma, the delivery point for WTI, have risen by about 1.5 million barrels in the week through 25 October, traders said earlier.

Crude oil hits 2019 high on OPEC cuts, concerns over demand ease; healthy data on US, China bolsters prices

The United States is considering more sanctions against Iran, whose crude oil exports have been halved by existing measures, an official said.

Crude oil rises to $67 on Saudi Arabia's plan for additional output curbs in April, Venezuelan export cut

Crude rallied this year after the OPEC and its allies including Russia, a group known as OPEC+, returned to supply cuts as of 1 January.

Oil prices rise on OPEC-led supply cuts, report of falling US crude inventories despite pressure from Donald Trump

Crude oil has been rising lately, not due to strong growth and rising demand but primarily due to a politically orchestrated cut in production from OPEC and friends, said an analyst

Petrol prices drop nearly 15% from record levels reached in October; Delhi and Chennai record most decline

However, as the Organisation of Petroleum Exporting Countries (OPEC) on Friday decided to reduce its oil supply by 1.2 million barrels per day for the first half of 2019, prices may see an up-turn leading to a reversal in India's domestic fuel prices movement.

Fuel prices remain unchanged on rebound in global crude rates; snap 13 straight day decline

Fuel rates have been on the decline since 18 October as a result of falling crude oil prices in the international market due to supply glut and appreciation in the rupee.

Oil prices edge higher; but record US crude output, expectations of higher OPEC supplies drag

The OPEC is due to meet in Vienna on 22 June to decide whether the group and non-OPEC members including Russia will raise production to ease concerns over potential supply shortfalls from Iran and Venezuela.