Supply cut

HSBC cut its average 2019 Brent crude oil price forecast by $16 per barrel, to $64 per barrel, citing surging US production and an uncertain demand backdrop. Photo: Bloomberg

Oil prices rise 1% amid supply cuts

2 min read . 15 Jan 2019
For the last couple of weeks, Brent prices have been in what the markets call backwardation—an occurrence where the price of a futures contract is lower than the spot price.

Why oil is on the boil

3 min read . 08 Nov 2017
Oil was also boosted by a weakening dollar, headed for its steepest weekly slide since July, boosting the appeal of commodities as a store of value. Graphic by Subrata Jana/Mint

Crude posts best week since March

1 min read . 22 May 2017