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5 hours ago · Brent crude oil prices climbed 21 cents, or 0.25%, to $83.48 a barrel by 0314 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.09%, to $79.30 a barrel. Brent futures are set to rise about 1% on a weekly basis, with WTI futures set to gain 1.4%.
5 hours ago · In commodities, oil prices rose in Asian trading hours, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the United States. [O/R] U.S. crude was little changed at $79.18 a barrel and Brent was 0.1% higher at 83.35 per barrel.
4 hours ago · The average OXY stock price target is $71.69, indicating upside potential of 14.1% from current levels.The TakeawayOccidental Petroleum’s earnings and cash flow took a hit in Q1 due to lower oil ...
5 hours ago · The tax has been scaled down as crude oil prices have declined in the international market and the earnings of oil producers have also come down. Prices of the benchmark Brent crude are currently hovering at a little over $82 per barrel. The government had on April 16 raised the windfall tax on petroleum crude to Rs 9,600 a metric ton from Rs ...
5 hours ago · Oil was poised to eke out a modest weekly gain as futures remained in a narrow range, with the outlook for supply and inflation in focus. Track the latest crude prices here. View All Search Results
10 hours ago · The Centre has reduced the windfall tax levied in the form of Special Additional Excise Duty (SAED) on domestically produced crude to Rs 5,700 per tonne from Rs 8,400 per tonne with effect from ...
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5 hours ago · LONDON, May 16 (Reuters): Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week.Brent crude futures were up 4 cents, or 0.05 per cent, at $82.79 a barrel by 1120 GMT. US West Texas Intermediate crude (WTI) gained 4 cents, or 0.05 per cent, to $78.67. Oil is making some ...
