US oil rallies second day; WTI up 6.3%

Last Updated: Saturday, August 29, 2015, 00:46

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

Oil prices extend gains after biggest daily climb in 6 years

Last Updated: Friday, August 28, 2015, 14:11

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.

Oil markets catch breath after biggest gains in six years

Last Updated: Friday, August 28, 2015, 08:27

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

Watch: Should there be a cut in petrol and diesel prices?

Last Updated: Wednesday, August 26, 2015, 22:58

Brent on Wednesday was up 30 cents at $43.51 a barrel by 1300 GMT, and US crude was up 10 cents at $39.41 a barrel.

Govt nods royalty payment to states on crude oil production

Last Updated: Wednesday, August 26, 2015, 21:35

The government Wednesday agreed to pay states like Gujarat and Assam, from its annual budget, the difference between royalty paid by operators of some oil fields as per their contract and actual prevailing rate.

Cairn to invest Rs 1,400 crore to raise oil, gas carrying capacity

Last Updated: Wednesday, August 26, 2015, 16:03

Cairn India is set to expand its crude oil and natural gas carrying capacity by laying a new gas pipeline from its Barmer (Rajasthan) field with an investment outlay of Rs 1,400 crore.

Oil price near 6.5-year low as China economy fears linger

Last Updated: Wednesday, August 26, 2015, 08:56

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.

Fall in crude prices responsible for dip in exports: Govt

Last Updated: Tuesday, August 25, 2015, 23:18

As merchandise shipments continue to fall since last December, a top official in Commerce Ministry today attributed the declines to sharp fall in fuel prices overseas, which led to a dip in petroleum product exports.

Oil rebounds but still near 6-1/2-year lows

Last Updated: Tuesday, August 25, 2015, 22:29

Futures of U.S. crude and Brent, the global oil benchmark, are both down more than 16 percent on the month.

Oil rallies but still near 6-1/2-year lows

Last Updated: Tuesday, August 25, 2015, 16:52

European share markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the Shanghai Composite Index crashed through key support at 3,000 points.

Brent and US oil mark fresh 6-1/2-year lows on China and oversupply

Last Updated: Monday, August 24, 2015, 08:09

US October crude also had dropped 60 cents to $39.85 a barrel, after hitting $39.71 a barrel or the lowest since $39.44 in March of 2009.

Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years

Last Updated: Friday, August 21, 2015, 21:59

US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.