Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel

Oct 29, 2024, at 07:21 pm

New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.

Oil prices tumble on weak demand concerns, Brent dips below $70, near 3-yr low

Sep 11, 2024, at 06:02 am

Brent futures fell below $70 a barrel for the first time since December 2021, marking a new low in a price slump driven by strong supply, demand concerns, and heavy speculative selling, according to Bloomberg.

Oil gains after US inflation data pushes Wall Street to lift Fed rate cut bets

Jul 12, 2024, at 08:57 pm

Washington/IBNS: Crude oil prices extended gains on Thursday (July 11), keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the United States Federal Reserve, reports Mint.

Oil prices rise over 1% ahead of inflation data after downbeat week

May 28, 2024, at 06:26 pm

Houston/IBNS: The prices of crude oil rose over 1 percent in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for US interest rates in the face of sticky inflation, reports said.

Cheap Russian crude likely to pose tough competition to Saudi Arabia in India

Aug 06, 2022, at 06:36 am

New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.

Marked sudden fall in international oil prices concerns globally

Sep 28, 2016, at 03:27 pm

Calgary, Sept 28 (IBNS): A sudden fall in oil prices on Tuesday due to an unsuccessful agreement regarding the production cut, between the oil producing countries in in Algiers has pushed down the international oil prices further by 2 percent.