Crude oil prices jump due to sharp drop in reserves

Last Updated On August 8, 2024 1:58 PM by Ananya

Crude Oil Forecast for Today, 08 August 2024: Oil prices rose for a third day after a significant drop in US crude oil reserves. Brent and WTI futures saw marginal gains. An unexpected drop in US crude oil reserves and potential supply risks in the Middle East also fueled the surge in prices. In addition, Libya announced production cuts due to protests, which increased market volatility.

क्रूड तेल डिमांड इस दशक तक $90 चरम पर पहुंचेंगी

Last Updated On October 30, 2023 9:27 AM by Neal Bhai

क्रूड तेल डिमांड: इजरायल और हमास के बीच चल रही जंग (Israel Hamas Conflict) के बीच कच्चे तेल के भाव (Crude Oil Prices) भी ऊपर नीचे हो रहे हैं, बीते हफ्ते 93 डॉलर तक पहुंचने के बाद ब्रेंट क्रूड 2.5% तक टूट गया, क्योंकि जंग के ज्यादा नहीं बढ़ने की संभावनाएं जताई जाने लगीं, फिलहाल कच्चा तेल 90 डॉलर प्रति बैरल के इर्द-गिर्द ही घूम रहा है.

Crude Oil Retreats as Biden Commits to Israel Trip to Contain Crisis

Last Updated On October 17, 2023 11:05 AM by Neal Bhai

Crude Oil fell as the US intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden to visit Israel this week to spearhead his administration’s drive to prevent a regional conflagration.

Crude Oil reserves in America fell more than expected, crude oil crossed $95

Last Updated On September 28, 2023 9:33 AM by Neal Bhai

Crude Oil Price Today, 28 September 2023: अंतरराष्ट्रीय स्तर पर क्रूड और ब्रेंट के भाव में तेजी देखने को मिल रही है. तेल के भाव (oil Price) में 3.6% की बढ़ोतरी दर्ज की गई है. अमेरिका के बड़े स्टोरेज हब में तेल भंडार के गंभीर स्‍तर तक गिरावट के बाद एक साल से अधिक समय में पहली बार US बेंचमार्क तेल का भाव 95 डॉलर प्रति बैरल तक पहुंच गया है, जिससे वैश्विक आपूर्ति घाटा (Global Supply Deficit) बढ़ गया है.

Brent Crude oil Skyrockets Above 120.00

Last Updated On March 3, 2022 8:14 PM by Ananya

Brent Crude oil skyrocketed yesterday, hitting levels lastseen in February 2013. The advance broughtthe price temporarily above 120.00, and then wehad a small setback. Overall, the black liquid remains well above the upside support line drawn from the low of December 20^th, and thus, we would consider the picture to be as bullish as it can get.

Oil Jumps to $100 a Barrel in London on Russia-Ukraine Crisis [24-02-2022]

Last Updated On February 24, 2022 9:49 AM by PIA CHAUHAN

Brent oil surged to $100 a barrel for the first time since 2014 as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports.

Crude Oil resists dollar pressure to hold at three-month high

OPEC+ Gives Little Away as It Sees Oil Market Tightening

Last Updated On June 2, 2021 10:02 AM by Neal Bhai

OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until July but refusing to give any hints about further moves until there’s clear evidence more crude is needed.