Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah’s rejection of a US-backed proposal in Lebanon.Brent crude slipped 0.22% to $95.24 a barrel, while US West Texas Intermediate (WTI) crude fell 0.11% to $92.94 a barrel in early trade.Despite Friday’s decline, both benchmark contracts were on … Read more
The US stock market began trading on a mixed note on Thursday, as a pullback in several artificial-intelligence-linked stocks offset broader gains across the market, while easing oil prices provided support to investor sentiment.The S&P 500 gained 0.02% to 7,555.08 after retreating from its record high a day earlier, while the Nasdaq Composite fell 0.58% … Read more
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world’s most critical energy transit routes.Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18% … Read more
US stocks traded near record levels on Monday despite a fresh rise in oil prices following renewed tensions around the fragile US-Iran ceasefire, as gains in technology heavyweights led by Nvidia helped keep investor sentiment resilient.The S&P 500 was little changed from the all-time high it set on Friday. The Dow Jones Industrial Average slipped … Read more
NEW DELHI: The price of the Indian oil basket fell below $100 a barrel on Friday for the first time since March 6, as global crude prices cooled by 11% over the past week amid reports that the US and Iran may have reached a deal and that Strait of Hormuz could soon reopen for … Read more
Oil prices fell on Thursday as hopes of a possible agreement between the US and Iran to prevent further escalation in the Middle East conflict and reopen the Strait of Hormuz eased market concerns. During the week, crude prices have already fallen over 5%, dropping below the $100 per barrel mark .Around 7:20 am, WTI … Read more
Wall Street hovered near record levels on Wednesday as falling crude oil prices eased inflation concerns and boosted investor sentiment, AP reported.The S&P 500 rose 0.1 per cent after closing at a record high in the previous session. The Dow Jones Industrial Average gained 171 points, or 0.3 per cent, while the Nasdaq Composite was … Read more
Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate slipped 5.46% to $91.33 a barrel, Brent crude from the North Sea moved higher, gaining 2.35% to trade at $98.40 per barrel.The market reaction came … Read more
US President Donald Trump recently said a peace deal with Iran was close. He then went on to say there was “no rush” to finalise one. In a span of barely 24 hours, the US President first declared that an agreement with Tehran had been “largely negotiated”, triggering a rally across global markets, before later … Read more
After months of war, soaring oil prices and mounting fears of a regional collapse, the United States and Iran now appear closer than ever to a deal that could reopen the Strait of Hormuz and ease one of the biggest global energy disruptions in recent years. A draft understanding under discussion between Washington and Tehran … Read more