oil prices

Trump’s new Ukraine plan: Major implications for global markets; Europe bristles, good news likely for India

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Trump’s new Ukraine plan: Major implications for global markets; Europe bristles, good news likely for India

Washington: The Trump administration has circulated a series of one-page confidential documents to European governments outlining a sweeping US peace blueprint to end the Russia-Ukraine war — an initiative that is generating deep trans-Atlantic tensions and could reshape global energy and financial markets, while coming as a relief to India. The American proposals, described by … Read more

Oil prices fall on weak demand as markets await Ukraine peace effort for supply signs

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Oil prices fall on weak demand as markets await Ukraine peace effort for supply signs

Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories. Brent crude futures were down 13 cents, or 0.21%, at $62.32 a barrel at 0221 GMT, after falling 1.1% … Read more

Oil stabilises after Ukraine peace talks push prices to one-month lows

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Oil stabilises after Ukraine peace talks push prices to one-month lows

Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply. Brent crude futures rose 19 cents, or 0.3%, to $62.67 a barrel as of 0114 GMT, … Read more

Oil falls as Ukraine peace talks edge toward a solution

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Oil falls as Ukraine peace talks edge toward a solution

Oil prices slipped Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the U.S. dollar strengthened. Brent crude futures fell 14 cents, or 0.22%, to $62.42 per barrel at 0148 GMT. West Texas Intermediate was down 15 cents, or 0.26%, at $57.91 a barrel. Both crude benchmarks were … Read more

Asian markets open on a subdued note; oil extends losses

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Asian markets open on a subdued note; oil extends losses

US equity-index futures edged lower and Asian markets opened on a subdued note after a lackluster Wall Street session, as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy. Contracts for the S&P 500 and the Nasdaq 100 index retreated 0.2%, after the underlying gauges were largely unchanged Wednesday. However, … Read more

US dollar makes modest weekly gain after soft inflation data

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US dollar makes modest weekly gain after soft inflation data

The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in the 12 months through September. Economists … Read more

Asian stocks open higher as Trump-Xi plan eases nerves

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Asian stocks open higher as Trump-Xi plan eases nerves

Asian stocks opened higher Friday as a planned meeting between Donald Trump and Xi Jinping eased nerves around trade tensions. Oil prices edged lower ahead of US inflation data. An MSCI gauge of Asian shares was up around 0.3% at the open, following a move higher on Wall Street on Thursday. Shares in Intel Corp … Read more

Oil maintains gains on supply risks and US plan to refill strategic reserves

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Oil maintains gains on supply risks and US plan to refill strategic reserves

Oil prices pushed higher for a second day on Wednesday, buoyed by sanctions-related supply risks, hopes of a U.S.-China trade deal and news that the U.S. is seeking oil for delivery to its strategic reserves. Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while U.S. West Texas … Read more

How Norway adopted new tech in its hunt for ‘missing’ oil

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How Norway adopted new tech in its hunt for ‘missing’ oil

Five years ago, explorers at a Norwegian oil company called Aker BP had a contrarian idea. They believed there might be a lot of oil lurking in an offshore natural gas field that was thought to be played out, and they persuaded Aker BP to let them go after this “missing” oil. Their hunch has … Read more