crude oil prices

Week Ahead: Q4 Results, macro data, Israel-Iran conflict, global cues among key market triggers this week

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Week Ahead: Q4 Results, macro data, Israel-Iran conflict, global cues among key market triggers this week

Despite touching fresh lifetime high levels, domestic equity benchmarks settled flat last week as investors’ hope for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing data. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crude oil prices upward, impacting the … Read more

Oil prices report second straight weekly gain, hit 6-month high on Middle-East crisis; Brent at $91/bbl

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Oil prices report second straight weekly gain, hit 6-month high on Middle-East crisis; Brent at $91/bbl

Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. This sudden uptick in crude oil prices has reignited fears of inflationary pressures and instilled fresh concerns among global central bankers, policymakers, … Read more

Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl

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Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl

Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected and also dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its technical meeting next week. Crude prices have pared gains since hitting last week to their highest … Read more

Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term

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Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term

Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 –responding to seasonal tightening in physical markets, supply cut extensions, and a pick-up in geopolitical tensions. According to a report by ICICI Bank Research, the upside bias is … Read more