Surging oil prices linked to the Middle East conflict are exposing South Africa’s dependence on imported fuel, raising concerns about reserves, inflation and economic growth South Africa’s vulnerability to global energy shocks is coming into sharper focus as the escalating conflict involving Iran, Israel and the United States pushes oil prices above $100 a barrel, […]
SA exposed as Middle East conflict pushes oil above $100 Read More »
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Stock Market Today: Oil Price Slides; Dow Futures Inch Lower — Live Updates Read More »
In times when crude oil prices surge past the three-digit range, risk assets often tend to face increased pressure. However, the recent price action suggests that the bearish influence on the crypto market, particularly on Bitcoin, may be gradually fading. The Bitcoin price has now climbed above $69,000, reflecting strengthening bullish momentum and hinting at
Bitcoin Nears $70K as Bulls Test Resistance—Can BTC Price Reach $75K? Read More »
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US faced with few good options to tamp down surging oil prices Read More »
Global stock markets have continued to take a hammering as oil prices rocketed in their biggest weekly gain for six years, with no sign of a swift resolution to the conflict in the Middle East. London’s FTSE 100 Index slumped 1.6% lower at one stage before closing about 130 points, or 1.2%, lower at 10,284.75
Stock markets tumble as oil prices surge in biggest weekly gain since 2020 Read More »
Synopsis Middle East conflict presents short-term challenges for India’s economy, including oil price hikes and export disruptions, but is unlikely to derail long-term growth. An RBI panel member highlighted the need for coordinated fiscal and monetary policies to achieve an 8% GDP growth trajectory, supported by manufacturing and services. Inflation remains benign, offering a ‘Goldilocks’
Middle East conflict poses near-term challenges to Indian economy: RBI MPC member Read More »
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The USD/CAD pair loses ground to near 1.3630 during the early Asian session on Thursday. The Canadian Dollar (CAD) gathers strength against the Greenback amid a jump in oil prices. Traders will take more cues from the US weekly Initial Jobless Claims reports later on Thursday. The escalating US-Iran conflict and potential supply disruptions in the Strait of
Canadian Dollar jumps above 1.3600 on rising crude oil prices Read More »
West Texas Intermediate (WTI) Oil price remains stronger for the third successive session, trading around $74.80 per barrel during the Asian hours on Thursday. Crude Oil prices climb as supply disruptions persist amid ongoing Middle East war. United States (US) and Israeli strikes on Iran have escalated regional tensions, prompting Iranian retaliatory attacks on energy
WTI holds gains near $75.00 as supply disruptions persist through the Strait of Hormuz Read More »
