israel iran conflict

Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl

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Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl

Brent crude futures for June, which expire on Tuesday, were last down 60 cents, or 0.7 per cent, at $87.8 per barrel. The more active July contract fell 97 cents, or 1.1 per cent, to $86.21. The US West Texas Intermediate (WTI) crude futures were last down 83 cents, or one per cent, at $81.82 … Read more

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

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

Despite touching fresh lifetime high levels, domestic equity benchmarks settled flat last week as investors’ hope for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing data. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crude oil prices upward, impacting the … Read more