Us Crude Oil

Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009

In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.

Brent crude oil rose as high as $75.07 a barrel and was last up 43 cents, or 0.6 per cent, at $74.31 per barrel

U.S. West Texas Intermediate (WTI) crude was down $10.10, or 12.9 per cent, at $68.29 a barrel, after Thursday's Thanksgiving holiday in the United States.

The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices.

US will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India and South Korea and the U.K - a coordinated attempt by the worlds largest oil consumers to tame prices

India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China, Britain and Republic of Korea with the aim of bringing down its prices.

The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of a plan it hashed out with major Asian energy consumers to lower energy prices.

Japanese and Indian officials are working on ways to release national reserves of crude oil in tandem with the United States and other major economies to dampen prices, seven government sources with knowledge of the plans told Reuters.

The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude

U.S. crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said on Wednesday, more than double the 1.9 million-barrel gain forecast by analysts.

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the local unit opened at 74.92 against the dollar and registered an intra-day high of 74.76.

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the local unit opened at 75.05 against the dollar and registered an intra-day high of 74.95

Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.

A fractured pipeline spewing crude oil off the coast of California could have been leaking for a year, US investigators said Friday.

Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009

In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.

Brent crude oil rose as high as $75.07 a barrel and was last up 43 cents, or 0.6 per cent, at $74.31 per barrel

U.S. West Texas Intermediate (WTI) crude was down $10.10, or 12.9 per cent, at $68.29 a barrel, after Thursday's Thanksgiving holiday in the United States.

The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices.

US will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India and South Korea and the U.K - a coordinated attempt by the worlds largest oil consumers to tame prices

India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China, Britain and Republic of Korea with the aim of bringing down its prices.

The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday as part of a plan it hashed out with major Asian energy consumers to lower energy prices.

Japanese and Indian officials are working on ways to release national reserves of crude oil in tandem with the United States and other major economies to dampen prices, seven government sources with knowledge of the plans told Reuters.

The request came after the US government was unable to persuade OPEC+ to pump more oil with major producers arguing the world was not short of crude

U.S. crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said on Wednesday, more than double the 1.9 million-barrel gain forecast by analysts.

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the local unit opened at 74.92 against the dollar and registered an intra-day high of 74.76.

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the local unit opened at 75.05 against the dollar and registered an intra-day high of 74.95

Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.

A fractured pipeline spewing crude oil off the coast of California could have been leaking for a year, US investigators said Friday.