New York: Oil prices bounced on Thursday despite a government report showed that US crude stockpiles increased last week.US crude supplies of last week climbed 2.6 million barrels to 458 million, 99.4 million barrels more
New York: Oil prices plummeted Tuesday after a three-day's big gain.Market tumbled as a renewed selloff around the world's equity markets made investors nervous, Xinhua news agency reported.Chinese shares slumped for a second day on
New York: Oil prices rebounded strongly on Thursday as US economic data topped investors' expectations.The US Commerce Department on Thursday revised up its estimate for the real gross domestic product (GDP) in the second quarter
New York: Oil prices plunged as the market expected crude production from the Organisation of Petroleum Exporting Countries (OPEC) to hit a high in July.In June, OPEC production increased by 283,000 barrels per day to
New York: Oil prices went down as the market continued to worry about the global supply glut.US crude supplies of last week added 2.5 million barrels to 463.89 million, according to the weekly report of
New Delhi: Pointing out how decreasing oil prices helped control inflation, Finance Minister Arun Jaitley on Friday said the government required to pay attention to oil exploration to reduce the country's energy imports.“Need to look
New Delhi: The World Bank has cut its outlook for global growth and warned that the world's economy is "running on a single engine."The global development lender predicted that deepening trouble in the eurozone, Japan
New Delhi: Bringing yet more smiles on the faces of consumers, global oil prices have slid to a low of $45 a barrel on Tuesday, lowest in last six years. Although the news about crude
New Delhi: The Indian equity market ended with heavy losses on Tuesday as the BSE Sensex registered its biggest single-day fall since the rupee crisis in 2013. Both the BSE Sensex and Nifty fell over
New York: After six months of falling oil prices, investors are starting to worry that the prolonged slump is signaling a weaker global economy.That fear shook financial markets Monday as oil plunged again, dipping below
New Delhi: In 2014, the yellow metal lost its sheen for the second year in a row, turning cheaper by over 10 per cent as rising stock prices and a stablising economy favoured other asset
New York: The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is
Singapore: Oil prices rose in Asia today after pro-Russian rebels in eastern Ukraine claimed a majority of voters in a disputed referendum chose independence, raising fears of a civil war that could disrupt supply. New
Washington: Escalating Ukraine tensions and a strong US jobs report boosted oil prices today, traders said, pushing aside concerns about the mounting US crude stockpile.New York's benchmark, West Texas Intermediate for delivery in June, climbed
Singapore: Oil prices retreated further in Asian trade today as investors weighed the economic consequences of the budget crisis that has partially shut down the US government.New York's main contract, West Texas Intermediate for delivery
Bangkok: The price of oil rose Thursday after the U.S. Federal Reserve kept its monetary stimulus in place and U.S. oil supplies fell more than expected.Benchmark oil for October delivery was up 61 cents to
New Delhi, Mar 2: The government may be forced to hike diesel and cooking fuel prices or shell out more on oil subsidy if global crude oil prices continue to rise, Chief Economic Advisor Kaushik
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