Oil prices slide on worries over China economy and higher crude output

By Administrator_India Capital Sands Oil prices fell on Monday on worries over China’s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world’s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to…

"Oil prices slide on worries over China economy and higher crude output"

Oil falls but heads for strong weekly gain on demand growth

By Administrator_India Capital Sands Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence in coronavirus cases worldwide. Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel,…

"Oil falls but heads for strong weekly gain on demand growth"

Oil prices slip but remain near $75 after large inventory drawdown

By Administrator_India Capital Sands Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell last week to their lowest since January 2020 and imports and production dropped. Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while U.S. West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a…

"Oil prices slip but remain near $75 after large inventory drawdown"

Oil rises on expectations of US crude stocks falling

By Administrator_India Capital Sands Oil rose on Tuesday, recovering from the previous day’s drop, as expectations of further declines in U.S. crude inventories outweighed fears that spreading COVID-19 variants could derail a global economic recovery. Brent crude for September climbed 25 cents, or 0.3per cent, to US$75.41 a barrel by 0036 GMT, after losing 0.5per cent on Monday. U.S. West Texas Intermediate crude for August was at US$74.33 a barrel, up 23 cents, or 0.3per…

"Oil rises on expectations of US crude stocks falling"

Petrol, Diesel Prices Kept Unchanged On Friday. Check Prices Here

By Administrator_India Capital Sands Petrol, Diesel Price Today: Petrol and diesel prices were kept unchanged on Friday, July 9, as crude oil prices were set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies. Petrol price was kept unchanged at record high of ₹ 100.56 per litre in Delhi and diesel was priced at ₹ 89.62 per litre, according to the country’s largest oil refiner Indian Oil. Currently, petrol is most expensive in Mumbai…

"Petrol, Diesel Prices Kept Unchanged On Friday. Check Prices Here"

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

By Administrator_India Capital Sands Oil prices rose slightly on Tuesday after the previous day’s rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains. Brent crude was up 7 cents, or 0.1%, at $77.23 a barrel by 0052 GMT, after gaining 1.3% on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $76.38 a barrel, up…

"Oil rises further on hopes of tighter supply as OPEC+ talks abandoned"