Wti

Friday, Apr 19, 2024 | Last Update : 06:00 AM IST

West Texas Intermediate (WTI) futures were up 54 cents, or 0.9 per cent, to USD 57.94 a barrel.

Oil prices gain after bigger-than-expected fall in US stockpiles

Iran’s oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

11 Sep 2019 10:37 AM

OPEC said the world would need 29.27 million bpd of crude from its 14 members in 2020, down 1.34 million bpd this year.

Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions

Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.

12 Jul 2019 10:01 AM

Traders said the slight downward correction was driven by concerns about the health of the global economy this year.

Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 1:34 PM

International Brent crude oil futures were down by 26 cents, or 0.4 percent, at USD 62.43 per barrel.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

OPEC will manage the market in 2019 and assess the probability of an agreement to reduce production at around 2-in-3.

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 10:16 AM

US crude was down 21 cents, or 0.3 per cent, at $67.68 a barrel. The contract fell 37 cents the previous day.

Oil prices drop on worries about oversupply

Brent crude oil was down 19 cents, or 0.3 per cent, at $72.87 a barrel, after settling down 1 cent.

24 Jul 2018 10:15 AM

The US government plans to shut Iran’s oil exports out of the market from November, demanding that all countries stop buying its oil.

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

04 Jul 2018 8:51 AM

US West Texas Intermediate crude fell 12 cents, or 0.2 per cent, to $68.07 a barrel.

Oil dips, but concerns persist about Iran supplies

Global benchmark Brent crude futures were down 13 cents, or 0.2 per cent, at $74.61 a barrel.

27 Apr 2018 8:42 AM

A weaker dollar makes greenback-denominated commodities including oil cheaper for holders of other currencies.

Oil prices up on weaker dollar, optimism on output cuts

Brent LCOc1 futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents lower.

22 Dec 2016 7:59 AM

Analysts said they expected markets would likely remain tepid this week, with no fundamentals expected that could drive large price swings.

Oil prices steady in run-up to Christmas

International Brent crude oil futures down 1 cent from their last close at $54.91 a barrel.

20 Dec 2016 7:52 AM

Brent futures slid $1.01 to settle at $53.93 a barrel, while US West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel.

Oil falls on output cut skepticism, OPEC output rise

Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.

07 Dec 2016 7:43 AM

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Mohan Guruswamy

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