[ SINGAPORE: Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 … Read more
[ LONDON: Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day.Brent crude futures for May fell 62 cents, or 0.71%, to $86.76 a barrel by 1028 GMT. U.S. West Texas Intermediate futures for April … Read more
[ SINGAPORE: Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session.Brent crude futures for May delivery fell 16 cents, or 0.2%, to $87.22 a barrel by 0407 GMT. US West Texas Intermediate futures … Read more
[ MUMBAI: The rupee declined by 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices. Gains in domestic stock markets and foreign fund inflows capped the rupee’s losses, analysts said. The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market … Read more
[ NEW DELHI: Oil prices increased on Wednesday on the expectation of strong global demand, including in the United States, the world’s top consumer. US inflation did not affect the anticipation that the Federal Reserve might begin reducing interest rates soon.By 0730 GMT, Brent futures for May rose 0.3% to $82.20 a barrel, an increase … Read more
[ The CEO of oil giant Chevron on Tuesday warned the ongoing tensions in the Red Sea pose “very real” risks to oil flows and prices as Yemen’s Houthi rebels increase attacks against Israel and commercial shipping in the region. Asked by CNBC about what the Houthi attacks could be for the global oil supply, … Read more
[ SINGAPORE: Oil prices rose more than 2% on Friday as the United States and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping in the Red Sea starting from late last year. Brent crude futures were up $1.81, or 2.3%, at $79.22 a … Read more
[ KUALA LUMPUR: The ringgit retreated from last week’s gains to close lower against the greenback on Tuesday on declining crude oil prices and lack of demand despite a weaker US dollar, said an analyst. At 6 pm, the ringgit fell to 4.6340/6435 against the greenback from Friday’s close of 4.6265/6305. Bank Muamalat Malaysia Bhd … Read more
[ Oil prices rose by more than 2 percent Monday as various companies, including BP, suspended shipping operations in the Red Sea amid attacks by Yemen’s Houthi rebels on multiple vessels. The price of Brent Crude Oil, a European benchmark used for global market purchases, rose to $78.50 a barrel, an estimated 2.5 percent increase … Read more
