Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran’s weekend attack on Israel. Brent futures for June delivery dropped by 81 cents, approximately 0.9%, reaching $89.64 per barrel by 1335 GMT, while West Texas Intermediate (WTI) futuresRead More →
Sensex Today Live Updates : Shares in Asia slipped to a six week-low as traders grappled with tensions in the Middle East, disappointing bank earnings and the prospect of the Federal Reserve keeping interest rates higher for longer. A gauge for the region’s equities fell, tracking Friday’s drop in USRead More →
Asian markets traded higher, while the US stock market ended flat overnight in a choppy session. Investors now await the US Federal Reserve’s policy meeting minutes and key US inflation data for further cues on the timing and depth of interest rate cuts. On Monday, the Indian stock market benchmarkRead More →
The global oil benchmark Brent stabilized above $91 per barrel on Monday, paring back initial declines triggered by Israel’s withdrawal of additional troops from Gaza and its commitment to new discussions regarding a potential ceasefire in the Middle East conflict. At 13:35 GMT, Brent crude futures showed a decrease ofRead More →
The April 3 policy decision by OPEC+ led to a spike in international crude prices to their highest in five months. With the spike in prices, benchmark Brent crude futures is currently trading at $90 per barrel, a level last seen in October 2023. Also Read: Expert View | OilRead 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 →
Crude prices saw a modest 1% increase, reaching a five-month peak. This surge was fueled by anticipations of rising oil demand, prompted by upbeat economic updates from both the U.S. and China, on Monday. Additionally, global supplies faced constraints due to OPEC+ production cuts and assaults on Russian refineries. BrentRead More →
Asian markets are mixed and the US market took a breather after a rally sparked by optimism over the US Federal Reserve’s interest rate cuts. The Indian stock market was closed on Monday on account of the Holi festival. The markets will also remain shut on Friday, March 29, onRead More →
Oil prices surged over 1% on Monday amidst escalating tensions between Russia and Ukraine, as well as heightened unrest in the Middle East. Brent crude futures saw a rise of $1.05, marking a 1.2% increase to reach $86.48 per barrel by 1423 GMT, while U.S. crude futures climbed $1.15, aRead 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 →
