Crude oil records biggest monthly fall since March 2020

Crude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavirus, prompting worries about oil demand. February delivery Brent Crude oil futures last traded at...

Crude oil recovers after crashing more than 10% on Friday

Highlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have recorded rising cases of the new variant of coronavirus on Sunday. Crude oil prices rose on Mon...

Crude oil slumps to 2-month lows on Omicron concerns

Crude oil futures slumped to 2-month lows after the new COVID-19 variant spooked investors and added to the existing concerns relating to a possible supply glut in the oil markets. The new variant has been termed Omicron. Read Here: Can release of...

Will the release of strategic crude reserves solve the demand-supply conundrum in oil market?

Oil prices have exhibited increased volatility over the past few months amid various factors altering the demand-supply dynamics from all directions. Oil prices have rallied by over 58 per cent this year, backed by supply cuts from OECD and some de...

What to expect from copper prices in the months ahead?

Copper has staged a remarkable journey in 2021 so far, with the price of the commodity rising by over 25 per cent despite the virus crisis. Thanks to strong demand in China and a weaker US dollar, the price of copper exceeded US$10,000 a ton for th...

Crude oil climbs up on indication that OPEC+ could reassess output

Crude oil prices rose on Monday recording gains on previous losses on the news that OPEC along with its allies may rethink their plans of increasing production if leading economies release crude oil from their strategic reserves or if coronavirus p...

Crude oil hits six-week low on recuperated supply concerns

Highlights Crude oil prices slumped on Wednesday. The US urged other major oil consumers like Japan and China to consider a coordinated release of oil reserves to bring down oil prices. The US has considered announcing an emergency release of ...

Oil settles mixed on tight stocks & demand slumps amid rising COVID-19 cases

Highlights Crude oil settled mixed on Tuesday. The US crude stocks were anticipated to rise in the fourth consecutive week. OPEC and its allies reduced their crude oil demand forecast by 330,000 for the last quarter of 2021. Crude oil pri...

Oil settles mix amid fresh rise in COVID-19 cases in China, Europe

Crude oil prices settled mixed on Monday on the back of strong dollar and rise in COVID-19 cases. January delivery Brent Crude oil futures last traded at US$82.15 per barrel up 0.07%, whereas January delivery WTI crude oil futures traded 0.13% down...

Crude oil records third consecutive weekly loss followed by a volatile week

Energy producers of the world could have a poor start to the week after oil prices tumbled on Friday. The prices wiped out the gains of the previous session on worries that the US Federal Reserve will boost its plan to enhance interest rates to tam...