Oil prices Financial News

05.08 / 08:21

UPS Lowe's country Oil prices Crude oil prices rise to 3-month high. What’s next?

The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices. Saudi Arabia, the top producer of the Opec cartel unanimously cut its output by another one million barrels per day from July.

04.08 / 14:47

show country Oil prices Oil prices rise on extended supply cuts; payrolls disappoint

Investing.com — Crude oil prices rose Friday, on course for their sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended their voluntary output cuts through September, further tightening global supplies.

04.08 / 02:41

COST UPS show track country Oil prices Weekly Oil prices set for sixth weekly gain as producers pledge output cuts

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 30 cents, or 0.4%, to $85.44 a barrel by 0042 GMT, while U.S. West Texas Intermediate crude for September rose 36 cents, or 0.4%, to $81.90.

03.08 / 13:45

Remark Fitch show country Oil prices Oil prices rebound as bullish inventory draw helps risk sentiment

Investing.com — Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit to risk sentiment caused by the downgrade of the U.S. credit rating.

02.08 / 16:13

Reuters Fitch country Oil prices fall Oil prices fall despite record US crude stock drawdown

By Laura Sanicola

02.08 / 10:49

UPS CEO show performer Oil prices fall Adani Wilmar management blames sharp fall in edible oil prices for Q1 losses

Angshu Mallick, CEO & MD, and Shrikant Kanhere, CFO, Adani Wilmar, in conversation with ET Now post Q1 results. Adani Wilmar reported a loss of Rs 79 crore in the June 2023 quarter and revenue was down 12%. According to Mallick, the company suffered because edible oil prices have come off very sharply and Adani Wilmar was not able to contra-hedge the local oils, particularly in India, as there is no such hedging mechanism.What impacted the performance this time around? Is there any one-off, any exceptionals that is impacting the profitability?Angshu Mallick: The good part to note is that there has been a 25% increase in volumes.

02.08 / 02:39

Provident Reuters show country Oil prices Drop Oil prices rise more than 1% after sharp drop in US crude stocks

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer.Brent crude futures for October rose 92 cents, or 1.1%, to $85.83 a barrel by 0001 GMT, while U.S. West Texas Intermediate crude climbed 84 cents, or 1.03%, to $82.21 a barrel. Both benchmarks settled lower on Tuesday, breaking a three day streak of gains.

01.08 / 01:35

DOW NIFTY Nikkei KOSPI Oil prices Indian Gift Nifty, Asian markets to rising crude oil prices - key triggers for Indian stock market today

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st August Japan’s Nikkei 225 gained 0.15%, while the Topix was flat. South Korea’s Kospi rose 0.66% and the Kosdaq added 0.48%. Hong Kong’s Hang Seng index futures traded around 270 points higher at 20,348, hinting a stronger open.

31.07 / 06:19

FIVE Manufacturing show performer country Oil prices Oil prices dip as markets weigh weak China PMIs, stimulus hopes

Investing.com — Oil prices fell slightly on Monday after weak business activity data from China pointed to worsening economic conditions in the world’s largest oil importer, although the prospect of more stimulus measures in the country kept losses limited.

28.07 / 02:55

Provident show track Oil prices open Weekly Oil prices open lower on demand concerns, remain on track for weekly gain

Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data. Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S.

27.07 / 06:11

Lowe's show track Oil prices tracking Oil prices rebound tracking weak dollar, tighter supply outlook

Investing.com — Oil prices rose in Asian trade on Thursday, recovering a bulk of losses from the prior session amid weakness in the dollar and a tighter outlook for supply, while markets also digested mixed signals on monetary policy from the Federal Reserve.

26.07 / 11:19

Provident Align Oil prices Edible oil prices declined over the year, providing relief to consumers: Minister

New Delhi: Minister of state for consumer affairs, food and public distribution Sadhvi Niranjan Jyoti on Wednesday said prices of refined sunflower oil, refined soybean oil, and RBD palmolien have declined significantly over the past year, bringing much-needed respite to consumers amid economic challenges. In response to a question in the Lok Sabha, the minister said retail prices of refined sunflower oil witnessed an impressive decrease of 29.04% over the past year. Similarly, refined soybean oil prices declined 18.98%, while RBD palmolien prices dropped 25.43% during the same period.

25.07 / 03:01

UPS Extreme show country Oil prices Oil prices rise as tight supply, China stimulus offsets Fed jitters

Investing.com-- Oil prices rose slightly in Asian trade on Tuesday, sticking to three-month highs as signs of tighter supply and expectations of more Chinese stimulus helped offset uncertainty over an upcoming Federal Reserve meeting.

25.07 / 00:53

UPS Lowe's show country Oil prices Oil prices edge higher on tighter supply, China hopes

By Stephanie Kelly

20.07 / 02:49

Reuters show Oil prices open Oil prices open lower on dollar strength, profit-taking

Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected. Brent futures dipped 14 cents, or 0.2%, to $79.32 a barrel by 0001 GMT, while U.S.

19.07 / 17:41

COST show country Oil prices Oil prices rise on tighter US crude supplies, lower Russian exports; Brent trades above $80/bbl

₹6,1239 per bbl, having swung between ₹6,188 and ₹6,351 per bbl during the session so far, compared to their previous close of ₹6,221 per bbl. U.S. crude inventories fell by 708,000 barrels in the last week to 457.4 million barrels, Energy Information Administration data showed on Wednesday. For the first time since January 2021, the data showed inventories in the Strategic Petroleum Reserve climbed, as the U.S.

19.07 / 00:43

UPS Provident ANZ Oil prices Support Oil prices up on China economic support pledge, tighter supply

By Katya Golubkova

18.07 / 16:17

COST UPS Lowe's Reuters Oil prices Oil prices edge up on weak US dollar, coming US output decline

By Scott DiSavino

14.07 / 03:53

UPS Lowe's Shell Oil prices week Oil prices hit 10-week high on tighter supply, soft U.S. inflation

Investing.com-- Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing a drop in U.S. inflation also supported sentiment.

14.07 / 03:09

UPS Provident ANZ Shell Oil prices Oil prices up on tighter supply, lower US inflation

Brent crude futures rose 27 cents, or 0.3%, to $81.63 per barrel at 0028 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to $77.24.

13.07 / 17:31

Lowe's Oil prices NOT Falling oil prices may not ease inflation

NEW DELHI : Falling crude oil prices, on the back of concerns over a global slowdown and recession, are unlikely to bring down domestic inflation sharply, as the benefits of the drop are yet to be passed on to retail customers, said economists. Crude prices have fallen 24.41% in the last 12 months. However, retail prices of petrol and diesel have remained unchanged since May 2022.

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