[ad_1] Last Updated: July 12, 2023, 01:25 IST New York, United States of America (USA) A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. (Reuters File Photo) Oil prices surge 2% on falling dollar, demand hopes, and supply cuts. Brent settles at highest since April, WTI at highest since … Read more
[ad_1] Last Updated: June 28, 2023, 00:36 IST New York, United States of America (USA) European Central Bank President Christine Lagarde on Tuesday said that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. (IReuters) Brent crude futures were down $1.22, or 1.6%, at $72.96 a barrel by 12:46 … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] Last Updated: June 16, 2023, 02:30 IST London, United Kingdom (UK) U.S. Treasury yields were lower as investors digested the economic data and the Fed’s update. Equities trading had been choppy on Wednesday after the Fed signaled it could follow its June pause with two more rate increases this year MSCI’s global index of … Read more
[ad_1] Fatih Birol, executive director of the International Energy Agency (IEA), was in New Delhi for a series of G20 meetings. In an interview to TOI, Birol who is a well-known energy expert, says that China’s economic performance will determine the way oil prices behave. Excerpts:Where do you see oil prices after the latest voluntary … Read more
[ad_1] MUMBAI: The rupee depreciated 14 paise to 82.53 against the US dollar in early trade on Monday, weighed down by strength of the American currency in the overseas market and rising crude oil prices.At the interbank foreign exchange, the domestic unit opened at 82.47, then fell to 82.53, registering a decline of 14 paise … Read more
[ad_1] Last Updated: June 02, 2023, 01:43 IST New York, United States of America (USA) Brent crude futures settled at $74.28 a barrel, up by $1.68, or 2.3%, to $74.65 a barrel, their biggest daily gains since May 17. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) rose $2.01, or 3%, to settle at … Read more
[ad_1] Last Updated: May 30, 2023, 01:28 IST London, United Kingdom (UK) Asian stocks mostly rose, with Tokyo’s Nikkei surging to a new 33-year high. But Chinese stocks fell after data showed profits slumping at China’s industrial firms. The US debt deal is expected to provide only short-term relief for markets, as worries linger about … Read more
[ad_1] Last Updated: May 26, 2023, 23:44 IST New York, United States of America (USA) Benchmarks had settled more than $2 per barrel lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts. (Image: Reuters File) Brent crude was up 39 cents, or 0.5%, at $76.66 … Read more
[ad_1] Last Updated: May 24, 2023, 23:55 IST The U.S. Memorial Day holiday on May 29 marks the beginning of the peak summer travel season and higher fuel demand. (Image: Reuters File) Brent crude futures rose 90 cents, or 1.2%, to $77.74 a barrel by 12:29 p.m. EDT (1629 GMT) Oil prices rose over 1% … Read more