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 →
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 →
Before Market Opens: Indian markets are likely to open on a positive note on Thursday following a surge in Asian peers as Japan’s Nikkei hit a record high in early deals. Meanwhile, Wall Street also ended higher in overnight deals adding to the positive sentiment. Gift Nifty was trading 55Read More →
Before Market Opens: Indian markets are likely to open on a flat note on Wednesday amid a lack of any major cues after Wall Street ended lower in overnight deals. Gift Nifty was trading 34 points lower, indicating a negative start for the benchmark Nifty. Let’s take a look atRead More →
Oil prices remained relatively stable on Monday, following the anticipated decision by the OPEC+ producer group to extend voluntary output cuts until the middle of the year. Brent futures saw a modest increase of 19 cents, reaching $83.74 per barrel at 1422 GMT, following a 2.4% increase the previous week.Read More →
Oil prices pulled back on Wednesday, February 28, as the prospect of delays to US interest rate cuts and a jump in US crude stocks that beat expectations offset a boost from a potential extension to supply curbs by the Organization of Petroleum Exporting Countries (OPEC). Brent and WTI futuresRead More →
Oil prices experienced a slight decline amid speculation that unexpectedly robust inflation figures might postpone reductions in high interest rates, which have been restraining global fuel demand growth. Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. Similarly, U.S.Read More →
Oil prices fell nearly three per cent lower in the previous session and posted a weekly decline after a US central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Federal Reserve policymakers should delay US interest rate cuts by at least another coupleRead More →
The global oil benchmark Brent crude remained relatively stable, staying near the $83 per barrel mark, despite persistent worries about demand, on Monday. This stability was attributed to ongoing conflicts in the Middle East, which countered some of the concerns regarding demand fluctuations. Brent crude futures saw a slight declineRead More →
