Brent crude oil

Brent crude oil News

Crude rise a fresh concern for rupee

According to the provisional data available at BSE, foreign portfolio investors (FPIs) turned net sellers and sold equities worth Rs 966 crore on Friday, from the Indian markets.

Breather for govt as Brent dips below $50 per barrel

Since the beginning of FY19, crude has been caught up in wider financial market weakness as higher US interest rates, the US-China trade dispute and the US shutdown unnerved investors and exacerbated worries over global growth.

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Brent oil prices rise after OPEC-led group announces 1.2 million bpd supply cut

Despite the announced cuts, Brent crude prices are almost 29 percent below their most recent highs in early October.

Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports

Some analysts have warned that despite high global production, oil markets have little spare capacity to handle unforeseen supply disruptions.

Oil prices dip as demand outlook dims; Iran sanctions provide some support

Front-month Brent crude oil futures were at $72.63 per barrel, 0.25 percent from their last close. Signs of slowing economic growth and lower fuel demand increases, especially in Asia's large emerging markets are weighing on the oil markets.

Oil prices dip as markets eye potential supply increases

Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week.

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Brent crude oil falls after North Korea nuclear test

The fall came as traders were nervously eyeing developments in North Korea, where the military conducted its sixth and most powerful nuclear test over the weekend.

Full tanks and tankers: a stubborn oil glut despite OPEC cuts

At one of the world's largest oil storage facilities millions of barrels were sold in recent months.

Early trade: US crude inventories drop, send oil prices near 2016 highs

International Brent crude oil futures were trading at $52.70 per barrel at 0045 GMT, up 19 cents from their last close.

Oil hits 8-month high on US crude inventory draw, China imports

London Brent crude for August delivery was up 2 cents, after settling up 89 cents on June 7. It earlier touched $51.57, the highest since October 12.

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