Oil

Oil prices slip as pandemic takes toll on India's fuel sales

Oil prices rise on stronger economic outlook, U.S. stockpile draw

April 7, 2021

By Administrator_India Capital Sands Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT […]

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Oil Down as Uneven COVID-19 Recovery Stokes Fuel Demand Worries

March 23, 2021

By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, continuing its trend downwards over persistent worries about fuel demand recovery in the short term. Brent oil futures were down 0.44% to $63.98 by 9:37 PM ET (1:37 AM GMT) and WTI futures fell 0.96% to $60.97. Both Brent and WTI futures remained above the $60 […]

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Oil prices slip as pandemic takes toll on India's fuel sales

Oil Mixed, OPEC+ Decision Shockwaves Continue

March 5, 2021

By Administrator_India Capital Sands Oil was mixed Friday morning in Asia, with investors digesting the Organization of Petroleum Exporting Countries and its allies (OPEC+) ‘s decision to keep supply curbs steady. Brent oil futures inched down 0.19% to $66.84 by 8:52 PM ET (1:52 AM GMT), after hurtling past the $67 mark earlier in the session. WTI […]

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Oil Up as Investors Await Thursday’s OPEC+ Production Decision

Oil Up as Investors Await Thursday’s OPEC+ Production Decision

March 3, 2021

By Administrator_India Capital Sands Oil was up Wednesday morning in Asia, over wide expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will decide to increase production later in the week. Brent oil futures gained 0.74% to $62.88 by 9:21 PM ET (2:21 AM GMT). WTI futures edged up 0.15% to $59.84, reversing some earlier losses but […]

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Oil prices slip as pandemic takes toll on India's fuel sales

Oil holds near year-long highs as COVID lockdowns seen easing

February 24, 2021

By Administrator_India Capital Sands Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery kept gains in check. Brent crude was up 7 cents, or 0.1%, at $65.31 a barrel by 1505 GMT, […]

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Brent oil rises on weaker dollar though IEA cuts demand outlook

January 20, 2021

By Administrator_India Capital Sands Brent Oil rose past $55 a barrel — with some assistance from a weaker dollar — even as the International Energy Agency cut its demand outlook for the rest of the year. Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said […]

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Oil prices fall amid worries over new coronavirus strain

December 21, 2020

BY Administrator_India Capital Sands Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel. Brent crude dropped 97 cents, or 1.9%, to $51.29 […]

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Oil Mixed, API Reports Surprise Draw in U.S. Crude Oil Supplies

Oil rally boosted by surprise fall in U.S. stocks

November 26, 2020

By Administrator_India Capital Sands Oil rose for a fifth day on Thursday after a surprise fall in U.S. crude inventories gave further legs to a rally driven by optimism that vaccines will end the coronavirus pandemic and revive demand for fuels. Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising […]

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Oil Mixed, API Reports Surprise Draw in U.S. Crude Oil Supplies

Oil market: Muddle of contradictions as traders size up prospects for 2020

September 29, 2020

By Administrator_ India Capital sands China’s oil stockpiles are near a record despite the return of traffic jams and rising industrial activity. America’s inventories are slumping even though people don’t seem to be driving much. The Organization of the Petroleum Exporting Countries (Opec) and allied producers are still withholding millions of barrels from the global […]

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