The domestic equity benchmarks snapped four-week rally and recorded the worst week since October 2023 with Nifty and Sensex declining 2.09 per cent and 1.99 per cent dragged by broader indices. The move was subdued in the following sessions, tracking mixed cues. Indices rebounded in the final sessions from its intraday lows. The Nifty 50 …
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 rates could increase demand for oil …
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. West Texas Intermediate crude futures …
Oil prices gained over two per cent on Thursday, February 8, as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in US fuel stocks. Diplomatic efforts continue, with a Hamas delegation arriving in Cairo on Thursday for ceasefire talks with mediators Egypt and Qatar. Brent crude futures …
Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday, January 26, as positive US economic growth and signs of Chinese stimulus boosted global demand expectations, while Middle East supply concerns added support to price rise. Brent crude futures rose $1.12, or 1.4 per …
Oil prices rose on Thursday, January 25, after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen’s coast underscored the peril facing trade in a key global transit route. Europe policymakers only see price growth returning to the two target in 2025 …
Crude futures lost over 10 per cent in 2023 in a volatile year of trading and reported their biggest annual drop since 2020, marked by geopolitical conflict in the Middle East and concerns about the oil output levels of major producers around the world. Organisation of Petroleum Exporting Countries (OPEC) is currently cutting output by …
Brent crude and US crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, December 15, as traders tried to reconcile mixed signals for oil demand in the coming year. The oil market declined in the session after a Federal …
News World Israel-Hamas War Live Updates: Israeli military says weapons found in Al Shifa hospital; first fuel delivery crosses from Egypt to Gaza Israel-Hamas War News Live Updates: An Israeli military official said there had been no fighting inside the hospital complex after the soldiers arrived during the night, and no friction with medical staff …