Latest News on Oil Price
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Oil Price - Total results - 32
Dec 06, 2019
Oil rises, US crude trading near two-month high after OPEC agrees to increase output curbs by nearly 50% in early 2020West Texas Intermediate oil futures were up by 2 cents at $58.45 a barrel. They rose to as high as $59.12 a barrel on Thursday, the highest since the end of September.
Sep 18, 2019
US becomes equity investors' favoured destination, impact of drone attacks on Saudi oil facilities; all this and more on Moneycontrol ProOil shocks have almost always been ominous for the global economy – not only because of their links to the economy but also because several US recessions have been preceded by a sharp surge in oil prices.
Jul 04, 2019
Rupee gains 39 paise to 68.50 ahead of Budget; lower oil prices, stronger domestic equity markets support domestic currencyAt the interbank foreign exchange market, the rupee opened at 68.86 per dollar and advanced to a high of 68.49 during the day.
Jul 01, 2019
OPEC set for oil cut extension next week if Iran endorses pact; deal likely to be extended by 9 monthsWashington has demanded Riyadh pump more oil to compensate for lower exports from Iran after slapping fresh sanctions on Tehran over its nuclear programme.
May 13, 2019
Oil prices rise as Middle East tanker attack increases supply concerns amid standoff in Sino-US trade talksSaudi Arabia said that two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the UAE, condemning it as an attempt to undermine the security of global crude supplies.
Apr 16, 2019
Oil extends losses into second session; Russia, OPEC likely to boost crude output to fight for market share with USBrent crude oil futures were at $71.08 a barrel, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday.
Apr 09, 2019
Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest levelDespite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40% and 30% respectively since the start of the year.
Apr 02, 2019
Crude oil hits 2019 high on OPEC cuts, concerns over demand ease; healthy data on US, China bolsters pricesThe United States is considering more sanctions against Iran, whose crude oil exports have been halved by existing measures, an official said.
Mar 12, 2019
Crude oil rises to $67 on Saudi Arabia's plan for additional output curbs in April, Venezuelan export cutCrude rallied this year after the OPEC and its allies including Russia, a group known as OPEC+, returned to supply cuts as of 1 January.
Feb 13, 2019
Crude oil prices rise on deepening OPEC supply cuts, sanctions on Venezuela; analysts say demand weakensUS West Texas Intermediate (WTI) crude oil futures were at $53.66 per barrel, up 56 cents, or 1.1 percent, from their last close.