Business & Economy: Oil prices saw a sharp fall after the eight-member OPEC+ announced plans to boost oil production by 411,000 barrels per day in June

Oil sees a sharp decline as OPEC+ decides to increase supply

The Biden administration has announced the release of strategic oil reserves but the US is not alone here. Joining Washington are India, Japan, South Korea, China, and the UK.

United States: Emergency oil release to lower fuel prices

United States: US plan could strain ties between Washington and Riyadh

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel. Watch this report for more details

Producers to debate on oil output

Brent hits $70 for first time since pandemic began after Saudi attack

Oil prices rose on Monday, with Brent futures nearing $60 per barrel, leading to supply cuts among major producers and expected US economic stimulus measures to boost demand.

World Business Watch: Brent approaches $60/barrel, boosted by supply cut among key producers

Brent crude oil rebounded from 2-days of losses. Oil trading has been more volatile than ever in recent days. Watch report.

US oil jumps 20% in wild trade: Revound from 20-yr low levels

Nifty, Sensex headed for weekly gain as Mideast tensions ease

Egypt lowers fuel prices after protests

Oil slumps to seven-month low on trade tensions, surprise US stock build

Oil stable as market eyes ongoing supply cuts amid downturn

International oil prices fall below $60 per barrel; recovers slightly amid rising US supply, stalling economy

Oil prices near 2019 highs amid OPEC supply cuts

Financial markets were riding a relief rally on Monday on expectations that face-to-face trade negotiations between delegates from Washington and Beijing would lead to an easing in tensions.

Oil rises on US-China trade talks, OPEC-led supply cuts

Oil prices rise over China-US trade talks, OPEC cuts

US  oil prices rebound after tumbling to lowest since June 2017 on economy fears

Oil rises to $51 after steep slide; growth fears weigh

Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

Oil prices claw back some losses after 'Black Friday' plunge

Oil slips as US inventories swell, but OPEC may cut supply to avoid glut

Oil rises on expected OPEC cuts, but surging US supply drags

Oil markets struggle to find footing after seven per cent slump

Brent crude oil futures were at $73.71 per barrel at 0655 GMT, down 15 cents, or 0.2 percent, from their last close and almost $1.8 below the November-2014 high of $75.47 a barrel reached the previous day.

Oil dips away from late-2014 highs as rising US supply clouds bull-run

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