Crude oil prices have resumed their upward trend in recent sessions to hit multi-week highs, led by rising tensions in the Middle East and expectations of OPEC+ countries extending voluntary output cuts of about 2.2 million barrels per day, which were first implemented in 2023 to bolster global crude oil […]
crude oil prices
Asian markets traded higher, while the US stock market closed in the green last week amid key economic data releases. Markets are pricing in a 49.4% chance for a rate cut at the US Federal Reserve’s September meeting, down from 54.8% a week ago, CME’s FedWatch Tool showed. On Friday, […]
In a recent report, brokerage house Emkay said that it believes that the immediate range for Brent is projected between $83 and $92 per barrel, with continued assessment needed for affirmation in the coming months. Analysing the current state of Brent oil prices, the brokerage highlighted that their recent range-bound […]
This special trading session by the stock exchanges will feature an intraday switch from the Primary site to the Disaster Recovery site across equity and equity derivative segments and will be conducted in two parts to test the readiness and preparedness. Among global market cues, the US stock market closed […]
Oil prices climbed higher on Friday, extending their upward trajectory fueled by positive indicators of economic improvement in China. Additionally, the ongoing negotiations to ease tensions between Israel and Hamas, which have so far yielded no results, contributed to the bullish sentiment in the market. Brent futures rose 37 cents, […]
Asian markets traded lower after key economic data from China and reports that US President Joe Biden plans to hike tariffs on some goods from the world’s second-largest economy. This week, investors will watch out for key stock market triggers including the ongoing Q4 results, India’s retail inflation data, domestic […]
Oil futures saw an increase on Monday following Saudi Arabia’s decision to raise June crude prices for most regions. Additionally, concerns grew over the possibility of a ceasefire agreement in Gaza, leading to renewed fears of potential escalation in the oil-rich region due to the Israel-Hamas conflict. Brent crude futures […]
The stock market experienced volatility throughout last week, ultimately ending nearly unchanged amid conflicting signals. While the overall sentiment was positive initially, fluctuations in global markets coupled with declines in certain major stocks offset much of the gains. Also Read: US Fed to hold rates at 23-year high-mark until inflation […]