Oil Prices Today News

Markets

Oil prices surge to five-month high on positive economic news from US and China, brent crude at $87.73/bbl

Brent futures climbed by 73 cents (0.8%) to $87.73 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by $1.04 (1.3%) to $84.21 by 12:12 p.m. EDT (1612 GMT).

2 min read1 Apr 2024
Markets

Oil prices slip amid interest rate outlook and Middle East tension; Brent crude at $81.42/bbl

Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. Similarly, U.S. West Texas Intermediate crude futures (WTI) declined by 13 cents, representing a 0.2% decrease, settling at $76.36.

1 min read26 Feb 2024
Markets

Oil prices remains stable due to ongoing Middle East conflicts, brent crude at $83.38/bbl

Last week, front-month Brent and WTI futures exhibited gains of approximately 1.5% and 3% respectively, signaling a growing apprehension regarding the potential escalation of conflict in the Middle East.

2 min read19 Feb 2024
Markets

Oil prices slip after rally last week on Middle East conflict, brent crude at $81.65/ bbl

Brent crude futures were down 54 cents, or about 0.7%, at $81.65 a barrel, while U.S. West Texas Intermediate crude futures slipped 32 cents, also about 0.4%, to $76.52 a barrel at 1426 GMT.

2 min read12 Feb 2024
Markets

Oil rises 1%, heads for weekly gain as Middle East conflict rages, brent crude at $82.42/bbl

Oil rises 1%, heads for weekly gain as Middle East conflict rages

1 min read9 Feb 2024
Markets

Oil prices steady after sharp decline last week, Brent crude at $77.43 bbl

Brent crude futures gained 10 cents, or 0.1%, to $77.43 a barrel by 1420 GMT, while U.S. West Texas Intermediate futures were flat at $72.28 a barrel.

2 min read5 Feb 2024
Economy

‘No discussion on fuel price cuts’: Amid Red Sea attacks, Hardeep Singh Puri says rates won’t be affected unless...

On crude oil and gas prices, petroleum minister Hardeep Singh Puri said the prices would be affected if crude supply is impacted. “...if you think that prices will rise in future, then pray to God that there’s no turbulence and things are normal,” he said.

1 min read3 Jan 2024
Markets

Brent crude to remain range-bound in near term, may witness some decline: Emkay

Brokerage house Emkay Wealth Management, the advisory arm of Emkay Global Financial Services, expects Brent crude to trade in a range-bound pattern in the near term with a likelihood of some decline.

2 min read26 Dec 2023
News

Oil prices fall nearly 1% on profit booking, concerns about higher interest rates

At 3 pm the November contract of Brent on the Intercontinental Exchange was trading at $92.60 a barrel, down 0.99% from its previous close

1 min read21 Sep 2023
Markets

Oil price today: Brent crude surges on supply worries; MCX rate could hit ₹7,800 per barrel

International crude oil prices rose, firming around a 10-month peak, as the market balanced supply concerns over Libya output and OPEC cuts with global macroeconomic headwinds.

2 min read13 Sep 2023
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