crude oil prices latest news trending

Week Ahead: RBI Policy, Q2 Results, Israel-Iran war, FII flow, global cues among key market triggers for Nifty, Sensex

by
Week Ahead: RBI Policy, Q2 Results, Israel-Iran war, FII flow, global cues among key market triggers for Nifty, Sensex

The Indian stock market began October on a disastrous note, with Dalal Street witnessing carnage due to across-the-board selling pressure on weak global cues. The domestic indices experienced a sharp downturn, breaking its three-week winning streak. The significant decline has been attributed to a combination of fundamental challenges, which prompted short-term profit-taking. In the second … Read more

Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

by
Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

Gold vs Oil: Commodity baskets, including gold, silver, and crude oil, among others, have swung by huge margins ever since the US Federal Reserve delivered its supersized interest rate cut by 50 basis points (bps). Monetary policy rates have varying effects on gold and crude oil prices due to the relative appeal of the commodities, … Read more

Oil bounces from multi-month lows on tight supply amid Israel-Iran conflict; Brent nears $77/bbl

by
Oil bounces from multi-month lows on tight supply amid Israel-Iran conflict; Brent nears $77/bbl

Global crude oil prices rose about one per cent in volatile trade on Tuesday, August 7, bouncing off multi-month lows hit in the previous session as investors turned their attention turned to supply tightness amid the Israel-Iran conflict and as financial markets recovered from their recent slump. Brent crude futures were up 58 cents, or … Read more

Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl

by
Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl

The Brent crude July contract rose 76 cents to $82.12 a barrel. The more-active August contract closed up 73 cents at $81.84. US West Texas Intermediate (WTI) crude futures settled 85 cents, or 1.1 per cent, higher to $77.72. On Thursday, Brent closed at its weakest since February 7 and US WTI futures at their … Read more

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

by
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