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Oil prices fall for second straight day on surging US dollar, Brent crude reaches $72.56 per barrel

Oil prices fall for second straight day on surging US dollar, Brent crude reaches $72.56 per barrel
Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel as of 0227 GMT, extending a 1.8% decline on Thursday. US West Texas Intermediate (WTI) crude futures were down 48 cents, or 0.7%, at $70.56 a barrel, after retreating 1.5%
Reuters | June 18, 2021 | Updated 08:23 IST
Oil prices fell for a second consecutive day on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat - only slightly off multi-year highs. Brent crude futures were down 52 cents, or 0.7%, at $72.56 a barrel as of 0227 GMT, extending a 1.8% decline on Thursday. US West Texas Intermediate (WTI) crude futures were down 48 cents, or 0.7%, at $70.56 a barrel, after retreating 1.5% on Thursday. ....

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Oil prices hold near multi-year highs amid demand recovery; Brent reaches $72.83 per barrel

Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday ....

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Global oil prices climb up on bright fuel demand outlook; Brent reaches $68.79 per barrel

Brent crude futures for August nudged up 7 cents, or 0.1 per cent, to $68.79 a barrel by 0038 GMT after settling at their highest in two years on Friday ....

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Oil prices plummet on likely supply raise from Iran; Brent crude $68.43 per barrel

Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday s gain of 22 cents. Brent has traded between $68 and $69 for most of this week ....

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Oil prices plummet on rising COVID-19 cases in India; Brent crude reaches $66.09 per barrel

Oil prices plummet on rising COVID-19 cases in India; Brent crude reaches $66.09 per barrel
India is a major crude oil consumer. So rising virus cases and thereby restrictions to limit the spread will dampen the demand outlook, said Ravindra Rao, vice president for commodities at Kotak Securities
Reuters | April 21, 2021 | Updated 13:48 IST
Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world s third-biggest oil importer. Brent crude futures for June fell 48 cents, or 0.7%, to $66.09 a barrel at 0515 GMT, after dropping 48 cents on Tuesday.
US West Texas Intermediate (WTI) crude futures for June fell 52 cents, or 0.8%, to $62.15 a barrel. The May contract expired on Tuesday down 1.5% at $62.44. India is a major crude oil consumer. So rising virus cases and thereby restrictions to limit the spread will dampen the demand outlook, said Ravindra Rao, vice president for ....

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