Global crude oil prices fall around two and half percent in intra-day trade

September 19, 2022 6:28 PM

Global crude oil prices fall around two and half percent in intra-day trade

Global crude oil prices today fell around two and half percent in intra-day trade. The crude prices declined pressured by expectations of weaker global demand and U.S. dollar strength ahead of a possible large interest rate increase. On the other hand, supply worries limited the decline. Brent crude was trading at 89 dollars and 20 cents per barrel while WTI crude prices were at 82 dollars and 85 cents per barrel.

Global crude oil prices fall after US gasoline demand

July 21, 2022 8:06 PM

Global crude oil prices fall after US gasoline demand

Global crude oil prices fell more than 5 dollars today after higher US gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. So, the Brent crude futures tumbled 5 dollars 13 cents, or 4.8 percent, to trade at 101.79 dollars a barrel. US crude oil futures tanked 5 dollars and 5 cents, or 5.1 percent, to 94.83 dollars a barrel. Meanwhile, Gold dropped 478 rupees, to 49,830 rupees per ten grams at Delhi's bullion market, today, a...

Global crude oil prices hit nine year high of 115 dollars per barrel amid Russia Ukraine crisis

March 3, 2022 8:19 PM

Global crude oil prices hit nine year high of 115 dollars per barrel amid Russia Ukraine crisis

Golbal crude oil prices today hit nine year highs of 115 dollars per barrel mark in intra-day trade amid worries over supply constraints due to Russian military operation in Ukraine. Brent crude oil rose more than five percent in intra-day trade towards 120 dollars per barrel level and is now up nearly 20 percent on the weekly basis. Investors showed concern over costlier crude prices which could push inflation even higher world-wide. Inflation rates has already hit multi-years high levels in ma...

Global crude oil price drops more than 3% from seven-year high after Russia's 'troop pulling' move

February 15, 2022 7:07 PM

Global crude oil price drops more than 3% from seven-year high after Russia's 'troop pulling' move

Global crude oil prices today dropped more than three percent from a seven-year high. The crude prices fell after Russia said some of its military units were returning to their bases after exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West. In intra-day trade, Brent crude was trading around 93 dollars and 50 cents per barrel while WTI crude prices were at 92 dollars and 10 cents per barrel.

Global crude oil prices rise on strong demand during summer driving season

June 21, 2021 5:20 PM

Global crude oil prices rise on strong demand during summer driving season

Global crude oil prices rose today, on strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.  So, Brent crude for August gained 23 cents, to trade at USD 73.74 a barrel. US crude futures for July rose 30 cents, to USD 71.94 a barrel. 

Oil prices fall for fourth straight week as US allows Irans sanctions waiver

November 5, 2018 9:00 AM

Oil prices fall for fourth straight week as US allows Irans sanctions waiver

Global crude oil prices fell for the fourth straight week as investors worried about oversupply as the United States temporarily spared eight countries from Iran-related sanctions during the week. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back into effect on Monday.  So US crude futures ended the week at 63.14 dollars a barrel, slipping 6.6 per cent this week. Brent crude oil futures finished the week at 72.91 dollars a barrel. Brent slumped 6...