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 will keenly eye any Union … Read more
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 at $82.21 a barrel. For … Read more
Crude oil prices extended gains on Thursday, July 11, keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the US Federal Reserve. This came after US government data showed an unexpected slowdown in consumer price-based (CPI) inflation. Brent crude futures were up 23 … Read more
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 a barrel. U.S. West Texas … Read more
International crude oil prices settled slightly lower in the previous session after a survey showed deteriorating US consumer sentiment. Still, prices rose four per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Oil benchmarks slipped after a survey showed US consumer sentiment weakened in June … Read more
Crude oil prices extended losses in the previous session, reporting a third straight weekly loss as investors weighed the reassurances by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) against the latest US jobs data which lowered expectations that the US Federal Reserve will cut interest rates soon. Brent crude futures settled 25 … Read more
Crude oil prices snapped their five-day losing streak and edged higher on Thursday, June 6, after the European Central Bank (ECB) led the way to cut interest rates for the first time in roughly five years, and Denmark’s central bank followed with its own interest rate cut. The US Federal Reserve is now in focus … Read more
International crude oil prices edged lower on Wednesday, June 5, after hitting a four-month low in the previous session despite the Organisation of Petroleum Exporting Countries (OPEC) extending the supply cuts till 2025. A surprise build in US crude stocks and a larger-than-expected rise in fuel stocks fuelled demand concerns among investors amid worries of … Read more