Early Asian trading on Monday saw a further decline in oil prices from the previous session. At the end of the week, oil prices had dropped 2-3% due to market concerns that inflation that was stronger than anticipated may postpone U.S. interest rate cuts. By 0121 , U.S. West Texas Intermediate (WTI) crude prices slid…
At 0212 U.S. West Texas Intermediate crude futures were down 25 cents, or 0.3%, at $78.36, while Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel.Longer-term higher interest rates reduce economic growth and hence reduce demand for oil. Following Waller’s remarks, oil benchmarks lost part of their Thursday gains. As fighting…
On Thursday, oil prices marginally increased, U.S. West Texas Intermediate crude futures (WTI) increased by 17 cents to $78.08 per barrel. By 0150, the May contract was up 14 cents to $77.45 per barrel. The April delivery of Brent oil saw a 14-cent increase to $83.17 per barrel, while the May contract saw a 13-cent…
NEW DELHI (Reuters) -Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures increased 24 cents or 0.3% to $82.58 a barrel by 0721 while U.S. West Texas…
In light early trading on Monday morning—a national holiday in the US—oil prices began to decline At $82.89 per barrel, Brent crude futures were down 58 cents, or 0.69%. At 0138 U.S. West Texas Intermediate crude was down 35 cents, or 0.44%, at $78.84. The second-largest hospital in the Gaza Strip was shut down by…
India’s domestic crude oil production for the first ten months of the current fiscal year was 24.5 million metric tonnes, a slight decrease of 0.4% from the same time the previous year. Additionally, the output did not meet the goal of 25.1 for the April–January period. Out of this, ONGC’s production decreased by 3% to…
On Friday, oil prices fluctuated as investors considered the dwindling demand prediction by a powerful organization and the unimpressive U.S. retail sales report that raised hopes for interest rate reduction in the country. At 01:31 , Brent crude futures fell 11 cents, or 0.1%, to $82.75 a barrel. At $78.04 a barrel, U.S. West Texas…
Early on Wednesday in Asian trading, oil prices dropped as investors reduced their expectations of a U.S. Federal Reserve interest rate cut and a U.S. industry organization reported that crude stocks increased more than anticipated last week. When the market started at 0000 Brent futures dropped 29 cents, or 0.4%, to $82.48. West Texas Intermediate…
Oil prices fell in early Asian trade on Monday after Israel announced it had “ended” a series of attacks in southern Gaza. At 0135, US West Texas Intermediate crude futures were down 46 cents, or 0.6%, at $76.38 a barrel, while Brent crude was down 43 cents, or It was down 0.5% to $81.76. Prices…
Oil prices increased on Thursday as negotiations to resolve the Gaza conflict and broader Middle East concerns that have unsettled the market since October resumed after Israel turned down a cease-fire request from Hamas. Strong indications of fuel demand in the United States this week supported the market’s rising trend. Brent crude futures were up…
