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Source: Live Mint Oil rose after US President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter. West Texas Intermediate rose almost 2% to top $70 a barrel, the highest in a month, while Brent’s June contract approached $74. On Sunday, NBC…
Source: Live Mint (Bloomberg) — Oil edged up as internal market metrics flashed signs that recent declines were overdone, overshadowing the prospect of a temporary truce in Ukraine. West Texas Intermediate rose 0.3% to top $66 a barrel, recovering from the lowest closing price in six months. Ukraine said it’s ready to accept a US…
Source: Live Mint (Bloomberg) — Oil plunged to the lowest in about six months as US President Donald Trump’s trade wars hammer the outlook for demand just as OPEC signals it’s ready to start opening the taps on supply. Brent crude plummeted 2.4% to settle just above $69, while West Texas Intermediate dropped 2.9% to…
Source: Live Mint Oil rose the most in six weeks as President Donald Trump affirmed plans to impose tariffs on the top two suppliers of crude to the US. West Texas Intermediate futures climbed about 2.5% to settle above $70 a barrel after Trump said in a social media post that the proposed levies on…
Source: Live Mint (Bloomberg) — Oil steadied after an advance as OPEC delegates said the group was considering delaying restoring output, and Ukrainian drones attacked a crude-pumping station in Russia. Brent crude traded near $75 a barrel after a modest gain on Monday, while West Texas Intermediate was above $71. The cartel and its allies…
Source: Live Mint Oil recovered after sinking by almost 2% on Monday, as traders weighed risks to crude supplies from Libya’s major ports against President Trump’s desire for universal trade tariffs. Brent futures crept toward $78 a barrel. Protesters in Libya have demanded two major ports halt crude loadings, which may affect hundreds of thousands…
Source: Live Mint Mumbai: Fears over fewer rate cuts in the US and a greenback gathering steam sent shockwaves over the Street on Monday, making investors poorer by more than ₹12 trillion overnight. The carnage did not spare any corner of the market – While the Nifty and Sensex plunged 1.5% and 1.4% to close…
Source: Live Mint (Bloomberg) — Oil rose to a three-month high after another contraction in US crude stockpiles, driven by frigid winter weather, reflected a tighter global market. Brent futures advanced as much as 2.3%, surpassing $78 a barrel for the first time since mid-October. Crude inventories at the American storage hub in Cushing, Oklahoma,…
Source: Live Mint (Bloomberg) — Oil is on track to snap a five-session rally as key technical markers show gains driven by tightness in global physical crude markets may have gone too far. West Texas Intermediate fell more than 0.5% to below $74 a barrel, reversing earlier gains after futures were unable to breach a…
Source: Live Mint Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures. West Texas Intermediate fell 0.7% to settle below $70 a barrel. US natural gas futures fell by more than 5% Thursday, dragging down the energy complex after forecasts pointed to lower-than-anticipated heating demand….
