Global crude oil prices dropped on Thursday, April 4, as caution over global macroeconomic activity weighed against the supply output cuts as well as geopolitical conflicts. Investors continue to look to macroeconomic data and monetary policy for potential clues on the outlook for oil demand, while financial sanctions on IranRead More →
View Full Image Wall Street (REUTERS) U.S. stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years. Tesla’s stock fell more thanRead More →
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) will conduct its joint ministerial monitoring committee meeting (JMMC) on Wednesday, April 3, led by oil producing majors Saudi Arabia and Russia, shortly after crude oil prices hit their highest this year. OPEC+ members will review the market and members’Read More →
Oil benchmark Brent crude futures has moved sideways in the last 12 months – between April 2023 to March 2024, majorly due to the supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) as well as the Israel-Hamas war. Oil producing majors including Saudi ArabiaRead More →
US stocks opened flat on Thursday in thin trading ahead of Easter break. At the opening bell, the Dow Jones Industrial Average rose 3.66 points, or 0.01%, to 39,763.74. The S&P 500 opened lower by 0.46 points, or 0.01%, at 5,248.03, while the Nasdaq Composite dropped 22.29 points, or 0.14%,Read More →
Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected and also dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its technical meeting next week. Crude prices have retreated since hitting lastRead More →
Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumerRead More →
International crude oil prices slipped on Wednesday, March 20, after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve’s interest rate policy announcement later in the day. Analysts widely project the US central bank to maintain the status quo on its interest rates forRead More →
International crude oil prices again hit a four month-high mark on Tuesday, March 19, after breaking above range-bound trading last week, but gains were limited by the prospect of rising exports from Russia as Ukrainian attacks on oil infrastructure curb domestic refining activity. The Brent crude oil futures contract wasRead More →
Brent crude surged to briefly surpass $86 per barrel, marking its highest level since November, before retracting slightly, on Monday. The escalation of Ukraine’s assaults on Russian energy infrastructure drove this volatility. Brent crude oil futures for May delivery rose by 51 cents, reaching $85.85 a barrel at 1333 GMT.Read More →
