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European Commission President Ursula von der Leyen and her husband Heiko arrive at the Group of Seven (G7) Summit. Photo: Michael Kappeler / POOL/AFP Source: AFP EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia’s global oil exports. The European
EU chief says pressure off for lower Russia oil price cap Read More »
USD/INR trades near 86.57, marking its strongest level since April 9 as safe-haven flows lift the Dollar. Iran-Israel conflict intensifies; Trump demands Iran’s unconditional surrender, fueling global risk-off mood. RBI signals scope for more rate cuts if inflation undershoots; India’s Q4 GDP expands 7.4% while jobless rate ticks higher. A technical breakout above the triangle
NEW YORK – Stocks rose and oil prices retreated as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day. The dollar dipped against the euro and pound, while safe-haven gold declined slightly. Wall Street’s main stock indices pushed higher, with the broad-based
Oil prices drop, stocks climb as Iran-Israel war fears ease Read More »
July WTI crude oil (CLN25) closed up +4.94 (+7.26%), and July RBOB gasoline (RBN25) closed up +0.0847 (+3.95%). Crude oil prices early Friday initially soared by +11% after news that Israel launched a major military strike on Iran, although prices then settled back and closed the day up +7.26%. The oil markets are concerned Iran
Crude Oil Prices Soar on Israel’s Attack on Iran Read More »
Home World News ANZ economist views oil price jump as a market reset, not a shock Richard Yetsenga, Group Chief Economist at ANZ Research, shared his insights on oil, trade, and the geopolitical forces shaping global markets. “Oil is up $10 per barrel from the lowest levels we have seen in quite a long time.
ANZ economist views oil price jump as a market reset, not a shock Read More »
MANILA, Philippines — Oil companies are again poised to raise pump prices this week. Shell, Seaoil, Cleanfuel and Petrogazz said that the prices of gasoline and diesel will increase by P1.80 per liter, while the cost of kerosene will go up by P1.50 per liter. Last week, oil companies hiked their gasoline prices by P0.60
Oil firms to raise pump prices anew Read More »
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Middle East tensions erupting between Israel and Iran have ignited global oil markets, with JPMorgan warning investors to prepare for volatility amid surging Brent crude prices. JPMorgan Links Israel-Iran Tensions to Oil Shock, Urges Investors to Brace for Volatility A fresh round of geopolitical unrest in the Middle East stirred financial markets… https://news.bitcoin.com/jpmorgan-flags-israel-iran-conflict-as-oil-prices-spike-and-investor-confidence-wavers/
JPMorgan Flags Israel-Iran Conflict as Oil Prices Spike and Investor Confidence Wavers Read More »
Oil drilling rigs Oil prices soared on Friday, posting significant weekly gains following recent Israeli-Iranian military strikes, which heightened geopolitical and security tensions in the Middle East. Brent crude futures for August delivery jumped 7%, or $4.87, to $74.23 per barrel, recording a weekly gain of 11.7%. US West Texas Intermediate (WTI) crude futures for
Oil surges 7% amid escalating geopolitical tensions Read More »
