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US crude News

17 Jan 2018

Oil prices slip as analysts warn of correction after 13% gain in the past month

Brent crude futures were at $69.07 a barrel at 0441 GMT, down from a high of $69.37 earlier in the day and 18 cents below their last close.

16 Jan 2018

Oil prices near three-year highs, supported by healthy demand

Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.

28 Nov 2017

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

US crude touched $59.05 a barrel on last week, the highest level since mid-2015.

22 Nov 2017

US crude extends rally to $58 per barrel, first time since 2015

Brent crude, the global benchmark, was up 57 cents at USD 63.14.

India's oil imports from US

17 Oct 2017

India tests US crude oil to cut dependence on Middle East

Indian refiners Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corporation Limited were given a special permission by the shipping ministry to import oil from the United States until March.

17 Oct 2017

Oil prices firm as Iraq tensions escalate, shares extend rally

Oil prices held near their highest levels in more than two weeks after Iraqi government forces captured the major Kurdish-held oil city of Kirkuk in a response to a Kurdish independence referendum, raising worries about oil supply.

04 Oct 2017

US oil dips below $50 per barrel over doubts recent rally will last

Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.

26 Sep 2017

Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline

London Brent crude for November delivery was up 1 cent at USD 59.03 a barrel after settling up 3.8 percent on Monday. Earlier it rose to USD 59.49, the highest since July 10, 2015.

16 Jun 2017

Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

15 Jun 2017

Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

07 Apr 2017

Oil rises on Syria attack, dollar shrugs off jobs report

Investors still expect the Federal Reserve to raise interest rates twice more in 2017.

19 May 2016

Oil falls as Fed rate hike speculation sends dollar surging

Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.

11 Feb 2016

US oil prices dive below $27 a barrel

US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC.

25 Jan 2016

Oil selling resumes as Iraq supply worsens glut

US oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq`s output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.

22 Jan 2016

Oil gains 8% but set for biggest Jan fall in 25 years

Oil extended its gains and soared about 8 percent on Friday, as a cold snap boosted demand for heating oil and investors took advantage of the lowest prices since 2003 to close out some of their more profitable bets on price declines.

12 Jan 2016

Oil plunges below $30 per barrel, first time since Dec 2003

Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.

28 Dec 2015

Oil falls to $37, near 11-year low, as excess supply weighs

Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.

14 Dec 2015

Watch: How falling crude oil prices affect Indian economy

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10 Dec 2015

Oil prices drop as OPEC output rises; Brent below $40 per barrel

European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.

02 Oct 2015

Oil higher in Asia ahead of US jobs report, hurricane threat

Oil prices climbed in Asia Friday ahead of the release of a US jobs report and as a hurricane threatened refineries on the US east coast.

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