MUMBAI: The rupee stayed on the upward track for the second straight session and appreciated 6 paise to 83.37 against the US dollar in early trade on Wednesday, boosted by sustained inflow of foreign capital and firm equity markets . The local unit, however, faced resistance due to a stronger American currency and higher crude […]
Rupee rises 6 paise to 83.37 against US dollar in early trade Read More »
Oil drilling rigs Oil prices rose on Friday, backed by eased investor concerns over supply abundance after OPEC+ confirmed the possibility of adjusting the production agreement if necessary. Brent crude for August delivery rose by 0.23%, or 18 cents, to $80.05 a barrel at 08:22 AM KSA Time. Similarly, the futures prices for American WTI
Oil rises, Brent trades above $80 a barrel Read More »
Oil ticks up, above $74.00 after a sizeable decline in the first part of the week. OPEC+ pushes against the bearish outlook, warning about the possibility of unwinding the taper of voluntary cuts. The US Dollar Index trades just above 104.00 as ECB decision looms. Oil prices are in repair mode on Thursday after a
Oil steady in the green with a better growth outlook projected after ECB’s rate cut Read More »
Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low in the previous session, Brent crude futures were down $1.11, or 1.4%, at $77.25 a barrel by
Oil drops over $1 as OPEC+ decision spotlights shaky demand Read More »
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Oil prices on Monday hit their lowest levels in months despite the Saudi-led OPEC and its Russia-led allies agreeing on Sunday to extend production cuts. Benchmark U.S. crude changed hands for as little as $75.12 a barrel in morning trading, according to Dow Jones Market Data. This is the cheapest price since February 8. The
Oil prices hit their lowest levels in months Read More »
RIYADH: Geopolitical and economic changes, safety, and emissions are in the spotlight at the 80th IATA Annual General Meeting and World Air Transport Summit that commenced in Dubai on June 2. According to the International Air Transport Association, leaders from the global airline industry are attending the World Air Transport Summit scheduled to continue until
Oil Updates – prices steady as investors assess OPEC+ output cut extension Read More »
WTI edges higher as OPEC+ continues its oil output cuts of 3.66 million barrels per day into 2025. Oil prices could face pressure as Fed officials suggested maintaining restrictive monetary policy for now. Israeli Prime Minister Benjamin Netanyahu’s administration accepted US President Joe Biden’s proposal for a Gaza cease-fire on Sunday. West Texas Intermediate (WTI
WTI trades above $77.00 as OPEC+ agreed to extend its output cuts into 2025 Read More »
Oil drilling rigs Oil prices extended their losses on Friday amid uncertain outlook for US monetary policy and a rise in US gasoline and distillate stocks despite a crude oil inventory fall. Brent crude futures for August delivery dropped 0.15% to $81.76 a barrel, at 8:20 Makkah time. Similarly, futures prices for US West Texas
Oil prices extend fall despite higher-than-expected inventory decline Read More »
Tuesday 21 May 2024 4:53 am FTSE 100 today: British blue-chip index set for subdued start amid cautious US Fed comments Moving markets today: Asia’s markets retreat, oil slides, gold hovers near record highs, Australia’s BHP hits three-month peak, RBA weighs rate hike in May meeting; focus on Fedspeak, BOE’s Bailey In the US, stocks
