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  Oil prices fall on ample supplies

  World | November 10, 2015 8:45 IST

  New York: Oil prices continued its retreat on Monday as oversupplies weighed on the market.The US benchmark, the West Texas Intermediate for December delivery, moved down 42 cents to settle at $43.87 a barrel on

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  World Bank revises down forecast of oil prices

  October 20, 2015 20:00 IST

  Washington: The World Bank today lowered its 2015 forecast for crude oil prices from USD 57 per barrel in its July report to USD 52 per barrel, a development that could bring in additional savings

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  Oil prices rebound amid falling US output

  World | September 22, 2015 6:59 IST

  New York: Oil prices bounced back on Monday as data suggested that US crude output is dropping amid low prices.Oil service company Baker Hughes reported on Friday that the oil rigs dropped eight last week,

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  Oil prices rebound despite rising inventories

  World | September 11, 2015 7:10 IST

  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

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  Oil prices plummets after three- day gain

  September 02, 2015 11:04 IST

  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

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  US economic data tops investors expectations as Oil prices jump

  World | August 28, 2015 11:58 IST

  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

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  Oil prices plunge amid ample supplies

  August 04, 2015 12:10 IST

  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

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  Oil prices retreat amid supply glut worries

  July 24, 2015 11:50 IST

  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

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  Need to cut oil imports, says Arun Jaitley

  March 28, 2015 10:55 IST

  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

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  World Bank cuts global economic outlook for 2015

  January 14, 2015 16:07 IST

  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

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  Oil prices drip down to $45 per barrel, lowest in six years

  January 14, 2015 12:15 IST

  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

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  Black Tuesday: Sensex tanks 855 points; Nifty loses 251 points

  January 06, 2015 17:19 IST

  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

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  Oil dips below $50 for first time in over five years

  January 06, 2015 12:44 IST

  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

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  Is gold a good investment option in 2015?

  May 05, 2015 12:37 IST

  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

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  Why oil is down by half, what it means for you

  December 16, 2014 15:35 IST

  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

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  Oil prices rise after eastern Ukraine independence vote

  May 12, 2014 11:35 IST

  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

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  Oil prices rebound on Ukraine tensions, US jobs data

  May 03, 2014 19:25 IST

  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

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  Oil prices dip as dealers weigh impact of US shutdown

  October 02, 2013 16:11 IST

  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

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  Oil near $109 on supplies drop, Fed stimulus

  World | September 19, 2013 11:48 IST

  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

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  Either Hike Oil Prices Or Raise Subsidy, Says Economic Adviser

  India | March 02, 2011 17:37 IST

  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