SINGAPORE: Oil prices jumped on Monday to their highest since January as Washington’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures rose $1.88 or 2.44% at $78.89 a barrel as of 1122 GMT. U.S. West Texas Intermediate crude advanced $1.87 or 2.53% at $75.71. Both contracts jumped … Read more
As global geopolitical tensions escalate and crude oil prices edge higher, Kotak Mahindra Asset Management Company’s Managing Director Nilesh Shah has warned that any sharp spike in crude oil or disruption in supply could have a negative impact on Indian equity markets. “Indian equity and rates market is like a man having average temperature as … Read more
Shares of Shipping Corporation of India (SCI) fell as much as 6.1% to Rs 221 on Tuesday, reversing some of the sharp gains from the past two sessions as investors booked profits and growing optimism around a potential truce in the Middle East conflict tempered fears of prolonged disruption to global shipping routes. The downturn … Read more
BEIJING – Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply. Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while U.S. West Texas Intermediate … Read more
Oil prices lost nearly $1 in early trade on Thursday on expectations of a potential U.S.-Iran nuclear deal, while an unexpected build in U.S. crude oil inventories last week heightened investor concerns about oversupply. Brent crude futures fell 88 cents, or 1.3%, to $65.21 a barrel by 0055 GMT. U.S. West Texas Intermediate (WTI) crude … Read more
“The management commentary across the board is by and large still somewhat weakish to at best neutral in most cases. So, we still are not really in a good news environment. The good news would be when I guess earnings really start delivering and you start seeing good earnings growth coming through,” says Pratik Gupta, … Read more
Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas … Read more
U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump’s comments on Chinese tariffs ahead of weekend trade talks between the two countries. Wall Street‘s main indexes finished slightly lower for the week. Trump said Beijing should open its market to … Read more
Oil prices were heading towards their lowest close since the midst of the coronavirus pandemic in 2021 on Friday, hit by U.S. President Donald Trump’s barrage of new tariffs and output increases announced by the OPEC+ producer group. Brent futures plummeted by $2.29, or 3.3%, to $67.85 a barrel by 0948 GMT. U.S. West Texas … Read more
The dollar fell as the latest raft of US presidential election polling data showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ delayed a hike in output. The greenback dropped against most major currencies such as the yen and the Australian dollar in early Monday trading, while 10-year Treasury futures … Read more