Oil prices drop over $1 after US inflation, Fed outlook hurts consumer demand; Brent at $82/bbl

Oil prices drop over $1 after US inflation, Fed outlook hurts consumer demand; Brent at $82/bbl

Brent crude futures fell by $1.21, or 1.45 per cent, to $82.50 per barrel. US West Texas Intermediate crude (WTI) futures for June, slipped by $1.26, or 1.58 per cent, to $78.54. The more active July contract lost $1.09, or 1.37 per cent, to $78.21. The structure of the Brent contract is weakening in an … Read more

Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity?

Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What's cooling down the commodity?

Brent crude futures for July were last down 29 cents, or 0.35 per cent, to $83.38 a barrel. US West Texas Intermediate crude for June fell 37 cents, or 0.47 per cent, to $78.58 per barrel. Both benchmarks are set for weekly losses as investors are concerned that higher-for-longer interest rates will curb economic growth … Read more

Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl

Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl

Brent crude futures for June, which expire on Tuesday, were last down 60 cents, or 0.7 per cent, at $87.8 per barrel. The more active July contract fell 97 cents, or 1.1 per cent, to $86.21. The US West Texas Intermediate (WTI) crude futures were last down 83 cents, or one per cent, at $81.82 … Read more

Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week

Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week

Indian stock markets rebounded after two weeks of profit-taking and gained over a per cent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets. However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.  A sharp surge on Thursday further eased concerns … Read more