Rising Crude Prices
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Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
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Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
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"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
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Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
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Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
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Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
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Oil Rises On Prospects Of Less Aggressive U.S. Rate Hike
Oil prices rose amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.
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Oil Rises 2% But Posts Weekly Loss On Recession Fears
Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
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India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
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Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
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Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns
Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.
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Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
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Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.
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Oil Jumps To 13-Week High On Rising U.S. Gasoline Demand
Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China's oil demand will increase faced growing supply concerns in several countries, including Iran.
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Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
-
"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
-
Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
-
Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
-
Oil Rises 2% As No Immediate Saudi Output Boost Expected
Oil gained 2.5% after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.
-
Oil Rises On Prospects Of Less Aggressive U.S. Rate Hike
Oil prices rose amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.
-
Oil Rises 2% But Posts Weekly Loss On Recession Fears
Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
-
India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
-
Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
-
Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns
Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.
-
Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
-
Oil Rises On Tight Supplies; Trade Choppy On Demand Worries
Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.
-
Oil Jumps To 13-Week High On Rising U.S. Gasoline Demand
Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China's oil demand will increase faced growing supply concerns in several countries, including Iran.
-
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
