As crude oil prices fall, why next few weeks will set the course for IOC, ONGC stocks
Brent crude prices have fallen sharply. Analysts expect the prices to sink towards USD65 per barrel from nearly USD70 now. How will this impact OMCs and what are the implications for exploration and refining companies?
Crude oil prices today: WTI is trading at $69.00
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
Geoff Dennis, an independent emerging markets commentator, suggests that the Chinese economy is struggling and the US economy ...
Oil prices have struggled on Tuesday morning as US markets return from the Labor Day holiday. Brent is trading 3% down at the ...
Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming ...
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By Erwin Seba HOUSTON (Reuters) -Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about ...
Oil prices fall as OPEC considers delaying output hike amid weak demand concerns. Analysts warn prices could drop to $60/bbl ...
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