Oil trades bearish on Libya deal resolution; Brent crashes over 11% in one week

Oil trades bearish on Libya deal resolution; Brent crashes over 11% in one week

International crude oil prices continued their bearish trend and fell by $1 a barrel or around two per cent on Wednesday, September 4, dragged by pessimism about demand fears after after reports emerged that a deal was in the offing to resolve a dispute that has halted Libyan production and exports. Brent crude futures were … Read more

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

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

Domestic markets edged lower amid excessive volatility and lost over one and a half per cent, tracking feeble global cues. The tone was negative from the beginning, which further deteriorated with a decline in world indices however rebound on Friday trimmed some losses.  Benchmark indices Nifty 50 and Sensex, settled at 22,147 and 73,088.33 levels … Read more