International crude oil prices settled two per cent higher in the previous session after hitting an eight-month low level during the week after US Federal Reserve Chairman Jerome Powell indicated that the ‘time has come’ for the central bank to change its policy and cut interest rates, while addressing the Jackson Hole Symposium in Wyoming …
Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures dropped …
Crude oil prices extended gains on Thursday, July 11, keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the US Federal Reserve. This came after US government data showed an unexpected slowdown in consumer price-based (CPI) inflation. Brent crude futures were up 23 …
Asian markets traded with modest gains, while the US stock indices ended lower overnight as investors await key economic data in a holiday-shortened week to gauge the US Federal Reserve’s policy path. Markets have been slowly increasing expectations the US central bank will cut interest rates by at least 25 basis points in June, currently …
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. Concurrently, the April contract for …
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 …
Market participants and investors will look out for several stock market triggers in the second week of the March, when the focus will shift to crucial economic data, electoral announcements ahead of General Elections 2024, foreign capital inflow and global cues. The domestic equity benchmarks witnessed a volatile week but extended their winning streak for …
Asian markets traded lower, while the US stock market indices closed in the red overnight ahead of key economic data. Market participants appeared to be cautious ahead of Powell’s two-day congressional testimony later this week, the European Central Bank’s policy decision, and the Labor Department’s crucial February jobs report. China’s “Two Sessions” meeting got underway …
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. Similarly, U.S. West Texas Intermediate …
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 …