Tag: oil prices

This undated handout photograph shows a view of an oil facility in Kuwait City. (AFP/File Image)
Posted in Business

Oil prices slip as US-Iran tensions persist; Brent falls below $116

Oil edged lower as the US and Iran stuck to familiar rhetoric in their conflict, and a technical gauge pointed to overbought conditions. This undated…

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Silver, platinum and palladium also advanced on Monday, with silver gaining 1.3% to $57.73 an ounce. (Unsplash/Representational)
Posted in Business

Gold rises as softer oil prices ease inflation concerns, Fed hike bets in focus

Gold prices edged higher on Monday as softer oil prices offered support, while investors assessed the chances of a Federal Reserve interest rate hike later…

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The Nifty and Sensex gained about 1.6 per cent each on Tuesday, led by information technology stocks after HCLTech's quarterly earnings beat expectations. (Bloomberg/File)
Posted in Business

Sensex, Nifty open flat day after sharp rebound aided by IT, financial and FMCG shares

Sensex and Nifty opened flat on Wednesday after a sharp rally in the previous session, as elevated oil prices and sustained foreign fund outflows weighed…

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Posted in Economy

Cannot rest on tailwinds, have to be conscious of risks, says PM’s Principal Secretary

Mumbai: India has to be conscious of the risks from geoolitical developments and has to be prepared to make changes in its economy to manage…

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Posted in Economy

Oil prices key external risk, but yet to derail growth outlook: Radhika Rao, Executive Director & Senior Economist, DBS Bank

Recent high-frequency indicators show growth is holding up despite a less supportive global backdrop, as credit growth maintains a strong beat, government expenditure remains apace…

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Indian shares were expected to open higher on Tuesday after five consecutive weekly losses (PTI)
Posted in Business

Sensex up by 400 points, Nifty above 23,500 as stock markets open in green

The Indian stock market saw some relief today with both Sensex and Nifty50 opening in the green. As per the official websites, Sensex is up…

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The rise in tanker freight costs comes as India’s crude import bill for Q1 has reached $63.37 bn, up 56% from a year earlier. (REUTERS/Representational)
Posted in Business

Rates for tankers to India rise by 150 percent as West Asia crisis escalates

Daily charter hire rates for tankers to India have more than doubled to $250,000 in about two weeks, as escalating hostilities in the Red Sea…

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US stocks fall as oil prices rise above $100 a barrel. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Stock market fall: S&P 500, Dow, Nasdaq slide as oil tops $100, yields rise

US stocks fell on Thursday, as investors worried about higher oil prices, rising Treasury yields and new inflation data. The Dow Jones Industrial Average fell…

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Wall Street stocks fall as oil prices rise and inflation fears grow.  (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Stock market today: Dow falls 511 points as oil nears $100, US-Iran war fuels inflation fears

US stocks fell on Tuesday as investors watched the US-Iran war and fresh trade tensions with Canada. The Dow Jones Industrial Average dropped 511 points,…

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Oil prices rise as Middle East tensions threaten global crude supplies. (MINT FIle photo)
Posted in Business

Oil prices surge 3%: Why Brent is nearing $100 as Middle East war risks grow

Oil prices climbed to multi-week highs on Tuesday as fears of a wider Middle East conflict grew. Brent crude rose to around $99 a barrel,…

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