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Brent, WTI end week above $65 mark as inflation fears fade

Daily Times
May 16, 2021
Crude oil futures ended the week on a positive note as inflation fears fade and the global supply glut slowly drains, although the International Energy Agency (IEA) did revise its demand projection downward.
In the coming week, oil prices are expected to be little changed as India’s coronavirus situation lingers and fuel supplies in the US returned this week after a cyber attack forced a shutdown at the nation’s main fuel pipeline.
Brent, the international benchmark for two-thirds of the world’s oil, closed the trading at $68.71 a barrel after gaining 2.48 percent. Likewise, the US West Texas Intermediate (WTI) crude futures ended higher with 2.43 percent gain to reach $65.37 a barrel. The price for Opec Basket was recorded at $66.57 a barrel with 2.39 percent decrease, Arab Light was available at $66.24 a barrel with 2.03 percent decrease while price of Russian Sokol decreased 2.16 percent to reach $67.12 a barrel. The Colonial Pipel ....

United States , International Energy Agency , Texas Intermediate , Opec Basket , Arab Light , Russian Sokol , Colonial Pipeline , ஒன்றுபட்டது மாநிலங்களில் , டெக்சாஸ் இடைநிலை , ஓபெக் கூடை , அரபு ஒளி , ரஷ்ய சொக்ொள் , காலனித்துவ குழாய் ,

WTI crosses $65 mark on positive optimism

Daily Times
May 5, 2021
Crude oil prices continued upward trend on Tuesday as optimism about a strong rebound in fuel demand overshadowed growing concerns of a full lockdown in India, the second largest importer of oil.
At 1330 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $68.59 a barrel after gaining 1.52 percent. Likewise, the US West Texas Intermediate (WTI) crude futures gained 1.43 percent to reach $65.41 a barrel. The price for Opec Basket was recorded at $65.42 a barrel with 0.44 percent decrease, Arab Light was available at $67.25 a barrel with 2.55 percent increase while price of Russian Sokol increased 2.32 percent to reach $67.01 a barrel. ....

United States , Biden Administration , Texas Intermediate , Opec Basket , Arab Light , Russian Sokol , ஒன்றுபட்டது மாநிலங்களில் , டெக்சாஸ் இடைநிலை , ஓபெக் கூடை , அரபு ஒளி , ரஷ்ய சொக்ொள் ,

Brent leans towards $67 as crude prices edge up

Daily Times
May 4, 2021
Crude oil prices edged up on Monday after going down in the early trading of the day. At 1331 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $66.92 a barrel after gaining 0.24 percent. Likewise, the US West Texas Intermediate (WTI) crude futures gained 0.44 percent to reach $63.86 a barrel. The price for Opec Basket was recorded at $65.71 a barrel with 1.83 percent increase, Arab Light was available at $67.25 a barrel with 2.55 percent increase while price of Russian Sokol increased 2.32 percent to reach $67.01 a barrel. According to an oil expert, the technical picture continues to suggest that oil’s price recovery remains intact. However, the worsening situation in India, the world’s third-largest oil consumer, also weighs heavily on the markets, he added. India’s wealthiest banker, Uday Kotak, called on authorities to limit economic activity to contain the surge in infections. “At this cr ....

United States , Uday Kotak , Confederation Of Indian Industry , Kotak Mahindra Bank , Texas Intermediate , Opec Basket , Arab Light , Russian Sokol , Indian Industry , ஒன்றுபட்டது மாநிலங்களில் , ஊடாய் கோட்டக் , கூட்டமைப்பு ஆஃப் இந்தியன் தொழில் , கோட்டக் மஹிந்திரா வங்கி , டெக்சாஸ் இடைநிலை , ஓபெக் கூடை , அரபு ஒளி , ரஷ்ய சொக்ொள் , இந்தியன் தொழில் ,

Prices go 2pc down as OPEC+ set to ease production cut

Daily Times
May 1, 2021
Crude oil prices edged lower on Friday after going up for three consecutive days as the OPEC+ is set to slightly increase oil production from May 1.
At 1535 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $67.31 a barrel after losing 1.85 percent. Likewise, the US West Texas Intermediate (WTI) crude futures shed 2.23 percent to reach $63.56 a barrel. The price for Opec Basket was recorded at $64.53 a barrel with 0.97 percent increase, Arab Light was available at $67.25 a barrel with 2.55 percent increase while price of Russian Sokol increased 2.32 percent to reach $67.01 a barrel. ....

United States , Us Energy Information Administration , Texas Intermediate , Opec Basket , Arab Light , Russian Sokol , Information Administration , ஒன்றுபட்டது மாநிலங்களில் , டெக்சாஸ் இடைநிலை , ஓபெக் கூடை , அரபு ஒளி , ரஷ்ய சொக்ொள் ,

Crude nears $69 a barrel as oil prices maintain buoyancy

Daily Times
April 30, 2021
Crude oil prices increased for the third consecutive day on Thursday as the OPEC+ appears ready to stick with earlier plans to slightly increase oil production from May 1.
At 1300 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $68.80 a barrel after gaining 2.27 percent. Likewise, the US West Texas Intermediate (WTI) crude futures gained 2.24 percent to reach $65.29 a barrel. The price for Opec Basket was recorded at $63.91 a barrel with 1.09 percent increase, Arab Light was available at $65.58 a barrel with 0.91 percent increase while price of Russian Sokol increased 0.23 percent to reach $65.49 a barrel. ....

United States , Goldman Sachs , Texas Intermediate , Opec Basket , Arab Light , Russian Sokol , ஒன்றுபட்டது மாநிலங்களில் , கோல்ட்மேன் சாக்ஸ் , டெக்சாஸ் இடைநிலை , ஓபெக் கூடை , அரபு ஒளி , ரஷ்ய சொக்ொள் ,