Crude oil price

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

Oil settles 1% higher on Middle East crisis yet posts weekly loss on bearish demand outlook; Brent at $90/bbl

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Oil settles 1% higher on Middle East crisis yet posts weekly loss on bearish demand outlook; Brent at $90/bbl

Oil prices rose around one per cent in the previous session on geopolitical tensions in the Middle East but posted a weekly loss over a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about delayed US interest rate cuts after hotter-than-expected inflation. Brent crude futures settled up 71 cents … Read more

Oil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl

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Oil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl

Oil prices continued their upward trajectory amid investor apprehensions regarding potential disruptions in supply due to escalating geopolitical tensions, on Wednesday. However, some of these concerns were mitigated by an unexpected increase in U.S. crude oil inventories. Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. … Read more

Oil prices surge to five-month high on positive economic news from US and China, brent crude at $87.73/bbl

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Oil prices surge to five-month high on positive economic news from US and China, brent crude at $87.73/bbl

Crude prices saw a modest 1% increase, reaching a five-month peak. This surge was fueled by anticipations of rising oil demand, prompted by upbeat economic updates from both the U.S. and China, on Monday.  Additionally, global supplies faced constraints due to OPEC+ production cuts and assaults on Russian refineries. Brent futures climbed by 73 cents … Read more