Oil Prices Jump

Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets.

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.

India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.

Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Iran said it was removing two International Atomic Energy Agency surveillance cameras at a uranium enrichment facility as the board of the United Nations' nuclear watchdog passed a resolution criticizing Iran for failing to fully explain uranium traces at undeclared sites.

Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices

Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China's oil demand will increase faced growing supply concerns in several countries, including Iran.

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

The average price of the Indian crude oil basket this month has jumped to $107.27 per barrel as of May 18, 2022, a jump of over 4 per cent compared to near $103 per barrel average in April; data showed on Thursday.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Oil prices jumped, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil.

Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets.

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.

India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.

Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Iran said it was removing two International Atomic Energy Agency surveillance cameras at a uranium enrichment facility as the board of the United Nations' nuclear watchdog passed a resolution criticizing Iran for failing to fully explain uranium traces at undeclared sites.

Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices

Oil prices jumped over 2% to a 13-week high on Wednesday as U.S. demand for gasoline keeps rising despite record pump prices, while expectations that China's oil demand will increase faced growing supply concerns in several countries, including Iran.

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

The average price of the Indian crude oil basket this month has jumped to $107.27 per barrel as of May 18, 2022, a jump of over 4 per cent compared to near $103 per barrel average in April; data showed on Thursday.

Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.

Oil prices jumped, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil.