Brent crude oil

Brent crude oil News

Oil falls on worries over growth outlook, positive news on Iran

Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week.

Rough ride ahead

Rising oil prices could dampen market sentiment and domestic investment, trigger inflation.


OMCs keep fuel prices in check, even as global crude gets dearer

Brent crude prices have risen over 13.5% from $66.11 per barrel on March 15 to $75.25 per barrel on April 25, while retail petrol prices in Delhi have gone up by just 0.5% from Rs 72.55 per litre to Rs 72.95 per litre.

Stand up to US, continue to buy oil from Iran: Congress, CPM tell PM Modi

The Congress said the US decision was a “direct assault and attack on India’s political and economic sovereignty”, adding that it was a failure of Modi's “personalised diplomacy”.

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.


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.