Brent crude futures for May were down 68 cents, or 0.8 per cent, to $85.27 per barrel after dropping by 1.6 per cent on Wednesday. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8Read 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 →
The Organization of the Petroleum Exporting Countries (OPEC) bloc, led by Saudi Arabia has retained its forecast for demand growth for 2024 and 2025, amid constant tensions in the Middle East. The oil producer group however, raised its global economic growth forecast for this year saying that there was moreRead More →
Oil prices experienced a decline, with the global benchmark Brent dropping below $82 per barrel, on Monday. This downward trend occurred as worries diminished about potential disruptions to supply due to conflicts in the Middle East. Additionally, concerns about softened demand in China contributed to the bearish sentiment. Brent futuresRead More →
The domestic equity benchmarks witnessed a volatile week but extended their winning streak for a fourth consecutive week to hit new all-time highs –the best such streak in three months. The frontline indices Sensex and Nifty 50 hit fresh record highs in the previous session at 22,525.65 and 74,245.17 respectivelyRead More →
Oil prices closed one per cent lower in the previous session and reported a weekly loss as markets remained wary of soft Chinese demand even as producer group Organisation of Petroleum Exporting Countries (OPEC) extended supply cuts. Earlier this week, China set an economic growth target for 2024 of aroundRead More →
Oil prices slipped on Thursday, March 7 as expectations that US interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world’s top oil importer. Brent crude futures were down 58 cents or 0.7 per cent to $82.38 a barrel, whileRead More →
Oil prices climbed about two per cent on Wednesday, March 6, on a smaller-than-expected build in US crude inventories, a big withdrawal from distillate and gasoline stockpiles and remarks by the US Federal Reserve chair Jerome Powell that he still expects US interest rate cuts this year. Lower interest ratesRead More →
The Indian equity indices witnessed a volatile week, ultimately extending their winning streak for a third consecutive week to achieve a new all-time high. The Nifty and Bank Nifty indices rose by nearly 0.75 per cent and 11.5 per cent respectively, closing the week at 22,419.55 and 48,636.45. The marketRead More →
Brent futures for May settled $1.64 higher, or two per cent, at $83.55 a barrel. The April Brent futures contract expired on February 29 at $83.62 a barrel. US West Texas Intermediate (WTI) for April rose $1.71, or 2.19 per cent, to $79.97 a barrel. For the week, Brent addedRead More →
