crude oil prices

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Oil extends gains on prospect of deeper OPEC output cuts, trade talks hopes

OPEC lowered its 2019 global oil demand growth forecast to 0.98 million barrels per day (bpd), while leaving its 2020 demand growth estimate unchanged at 1.08 million bpd, according to OPEC's monthly report.

Oil rises on tensions after Middle East tanker attacks

US West Texas Intermediate (WTI) crude futures were up 18 cents, or 0.4%, at $52.69 a barrel. They rose 0.4% in the previous session.

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On rate cut hopes & falling oil prices, bond yields fall to lowest level in eighteen months

The benchmark sovereign bond — 7.26 per cent yielding paper maturing in 2029 — fell by 10 bps to close at 7.03 per cent. Bond yields have fallen over 35 basis points (bps) since May 1 due to a combination of global and domestic factors.

Oil dips on manufacturing downturn, but OPEC cuts offer support

Despite the global market turmoil, traders said oil prices are expected to receive some support as supply cuts announced late last year by the Organization of the Petroleum Exporting Countries start to kick in.

Take the pressure

Government can ill afford to slip on fiscal prudence agenda due to spike in oil prices, slowing growth.

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.

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Country facing 'economic crisis' due to crude oil imports: Nitin Gadkari

While blaming OPEC countries for the current increase in oil prices, he said, "One day they will find there is no market for crude oil."

Oil prices edge up as Saudi cuts output, but looming demand slowdown drags

OPEC's monthly report published on Monday, which uses data from secondary sources, confirmed the Saudi cut, which traders said triggered crude's upward move early on Tuesday.

Oil falls as Opec, Russia look to up output

Having erased close to 6 per cent of the gains in the last three days, the benchmark Brent was trading at close to $75 a barrel on Monday after hitting a three-and-a-half-year high in May.

Iran nuclear deal: Oil prices fall as market awaits Donald Trump's decision

Donald Trump said on Monday a decision on whether to remain in the Iran nuclear deal or to impose sanctions would be announced at 2:00 p.m. EDT (1800 GMT) on Tuesday, four days earlier than expected.

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