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Source: Live Mint NEW YORK (Reuters) -Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. U.S. West Texas…
Source: Live Mint Oil edged higher in a day of listless trading as investors parsed conflicting messaging on the progress of trade talks between the US and China. West Texas Intermediate futures rose to settle near $63 a barrel, but still notched their third weekly loss in the past four. Chinese authorities are weighing removing…
Source: Live Mint NEW YORK (Reuters) -Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures were down $1.93, or 2.8%, at $66.03 a barrel by 12:49 p.m. EDT…
Source: Live Mint (Bloomberg) — Saudi Arabia’s oil supply shock has set up a standoff with OPEC members who keep busting their quotas, but the biggest of the offenders has yet to flinch. Kazakhstan — whose persistent flouting of production limits triggered Riyadh’s ire — continues to pump as usual at the biggest oil fields…
Source: Live Mint (Bloomberg) — Main equity benchmarks in Middle East countries including Saudi Arabia sank the most since 2020 on Sunday as investors reacted to the risks of a fresh global trade war and depressed oil prices. Stocks on the kingdom’s main exchange fell as much as 6.1%, while gauges in Qatar and Kuwait…
Source: Live Mint NEW YORK (Reuters) -Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC producer group raised expectations of tighter supply. Brent crude futures rose 16 cents, or 0.2%, to settle at $72.16 a barrel. U.S….
Source: Live Mint BEIJING, – Oil prices rose in early trading on Thursday on a decline in U.S. fuel inventories and a ratchetting up of tensions in the Middle East. Brent crude futures rose 40 cents, or 0.57%, to $71.18 a barrel by 0213 GMT, while U.S. West Texas Intermediate crude gained 34 cents, or…
Source: Live Mint Oil rose for a second day after China, the world’s biggest importer, said it would take steps to revive consumption by boosting incomes. Brent crude climbed above $71 a barrel after advancing 1% on Friday, with West Texas Intermediate near $68. Beijing will also give details on policies to stabilize stock and…
Source: Live Mint Oil snapped a seven-week losing streak as US equity markets rebounded and peace talks between Russia and Ukraine stalled, damping expectations that Moscow’s crude will return to the market soon. West Texas Intermediate rose almost 1% to settle above $67 a barrel, supported by a weaker dollar and an advance in US…
Source: Live Mint Canadian dollar falls 0.4% against the greenback Bond yields ease across the curve TORONTO, – The Canadian dollar weakened against the greenback on Thursday as oil prices fell and the latest escalation of the trade war between the United States and other countries, including Canada, weighed on investor sentiment. The loonie was…
