The Indian equity market exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. After a subdued start, the Nifty 50 index remained range-bound for most of the week, showing signs of fatigue. Selective buying in key heavyweights across sectors kept the sentiment positive. In the first […]
Crude oil prices trending news
The Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+ kept the oil output policy unchanged at their meeting conducted on Thursday, but hinted at plans to start unwinding one layer of output cuts from October, and repeated that the hike could be paused or reversed […]
The highly-anticipated Union Budget week is finally here! The Indian stock market’s spectacular bull run ahead of the Budget session proved that investor sentiments are firm driven by hopes of policy announcements, domestic cyclicals, and growth-oriented sectors from the upcoming Union Budget 2024. In the fourth week of July, investors […]
Crude oil prices lost their gaining streak and declined on Tuesday, July 16, as investor sentiments were weighed down by worries that a slowing Chinese economy would crimp demand. This was despite a growing consensus that the US Federal Reserve could begin cutting its interest rate as soon as September. […]
Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate cut in September. Brent crude futures settled 37 cents lower to $85.03 a barrel. U.S. West Texas Intermediate crude futures fell 41 cents, or 0.5%, to close […]
Oil prices dipped on Monday after four weeks of gains, as concerns over supply disruptions eased amid hopes for a ceasefire deal in Gaza. However, the potential impact of Hurricane Beryl on supplies limited the decline. By 12:30 GMT, Brent crude futures had fallen 42 cents, or 0.5%, to $86.12 […]
International crude oil prices of Brent hit their highest level since April 2024 on Thursday, July 4, holding above the $87/barrel-mark after industry data showed a decline in US inventories. The surge in crude prices followed a larger-than-expected decline in US crude stocks after the US Energy Information Administration (EIA) […]
Crude oil prices gave up most of their gains from earlier in the day as Hurricane Beryl’s forecast track continued to steer it away from major offshore production areas in the US-regulated northern Gulf of Mexico. Brent crude futures last gained 24 cents, or 0.28 per cent, to $86.84 per […]
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected uptick in U.S. crude and gasoline capped price gains. Brent crude oil futures were up 92 cents, or 1.08%, to $86.17 a barrel by 09:46 a.m. EDT (1446 GMT). U.S. West Texas […]