BRENT CRUDE OIL PRICES
US stocks open higher on tariff, jobs data optimism; Dow Jones, S&P up 1% each
US stock indexes opened higher on Friday, as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs report calmed concerns around the economic toll of tariffs.
Rupee pares initial gains, settles 1 paisa higher at 84.53 against US dollar
The rupee on Friday hit a seven-month high and rose past the 84 per dollar level on sustained foreign fund inflows and stronger domestic data, but pared the gains and settled for the day higher by just 1 paisa at 84.53 against the greenback.
Why is the stock market rising today? Sensex surges over 900 pts, Nifty above 24,550: 6 key factors behind the rally
Indian markets surged on Friday, fueled by hopes of a US-India trade deal and robust foreign investment inflows. A decline in crude oil prices and a weakening dollar further boosted sentiment. IT stocks rallied following strong earnings from U.S. tech giants, mirroring positive global market cues across Asia and the U.S.
Sensex jumps 900 pts, Nifty tops 24,550; IT, bank stocks lead gainers
Indian stock markets surged on Friday, fuelled by positive IT sector results and optimism surrounding potential trade deals between the U.S. and India. President Trump's remarks and renewed foreign investment inflows, marking an 11-session buying streak, further boosted market sentiment. This shift towards emerging markets like India is driven by expectations of bilateral agreements and concerns about the U.S. economy.
Oil prices rise as China says it's open for trade talks with US
Oil prices saw a boost in Asian trading following China's indication of openness to U.S. trade talks, fueling hopes for de-escalation. Brent crude rose to $62.51 a barrel, while U.S. WTI crude reached $59.62. President Trump's threat of sanctions on Iranian oil buyers also underpinned prices, raising supply concerns.
Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
Jet fuel prices in Delhi have been reduced by 4.4%, marking the second cut in a month, alongside a Rs 14.50 decrease in commercial LPG cylinder prices. These reductions offset earlier price increases, influenced by softening international oil prices due to concerns over global trade and demand. Domestic LPG rates remain unchanged, while petrol and diesel prices are frozen.
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Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
The International Monetary Fund warned that Middle East and North Africa face economic challenges due to lower oil prices, tariff measures, and reduced foreign aid, forecasting 2.6% growth this year, while urging countries to devise policies to protect their economies and drive growth through structural reforms.
Oil prices take breather after selloff on supply worries
Oil prices experienced a slight rebound on Thursday after significant losses, influenced by indications that Saudi Arabia might increase production and a contraction in the U.S. economy during the first quarter. Concerns about trade disputes and OPEC+'s supply decisions continue to weigh on the market, leading to downward revisions in future price forecasts. U.S.
Indian Oil Corporation says not in talks for term crude import deal with Russia
Indian Oil Corporation is currently not in discussion for a fixed quantity deal to import Russian oil. The decision is due to the volatility in the international market. Import of Russian oil rose after the Ukraine war. Russia was India's top crude oil supplier for three years. IOC's import of Russian oil has decreased to 22-23 percent.
Rupee falls 19 paise to 85.15 against US dollar in early trade
The rupee depreciated 19 paise to 85.15 against the US dollar in early trade on Wednesday, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit.
Sensex jumps over 100 points, Nifty tops 24,350; HDFC Bank, TechM lead gainers
Indian equity markets initially dipped due to geopolitical tensions with Pakistan, overshadowing positive signals from U.S. trade negotiations. However, the indices recovered, supported by sustained foreign institutional investor inflows and India's economic resilience. Experts advise investors to remain calm during crises, noting the market's surprising strength despite recent challenges.
Oil prices fall as trade war concerns dampen demand outlook
Brent crude futures fell by 17 cents, or 0.26%, to $64.08 per barrel by 0015 GMT. U.S. West Texas Intermediate crude futures dropped 12 cents, or 0.2%, to $60.3 a barrel. Both benchmarks posted their lowest settlement prices since April 10 in the previous session.
Trade tensions to hit India oil consumption: World Bank
The World Bank forecasts that India's oil consumption will be negatively affected by escalating trade tensions. Globally, oil consumption growth is expected to slow significantly in 2025 and 2026. Despite falling global commodity prices, India's coal consumption is projected to rise, driven by government policy and the limited role of renewable energy in meeting electricity needs.
Indian refiners purchase more US crude before trade talks in May
Ahead of trade talks, Indian refiners are increasing US oil purchases, with June imports set to hit an 11-month high due to discounted WTI prices and geopolitical strategies. This surge in American crude is displacing West African imports, as India seeks to reduce reciprocal tariffs and address its widening trade deficit.
Sensex jumps 400 points, Nifty above 24,400; bank stocks among the top gainers
BSE and NSE gained sharply, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment.
Oil falls as economic jitters dampen demand outlook
Crude oil prices experienced a decline in early Asian trading due to investor concerns about demand growth amid the ongoing U.S.-China trade war. Economists fear a potential global recession driven by tariffs, leading to lowered oil demand and price forecasts. Increased output from OPEC+ nations and rising U.S. crude oil stockpiles further contribute to the downward pressure on prices.
Why stock market rose today? Sensex settles 1,005 pts higher, Nifty above 24,300; 5 factors behind today's rally
Stock Market Today: Indian markets soared, with Sensex surpassing 80,200, fueled by Reliance Industries' strong earnings and positive Asian market cues. FII buying, a weakening dollar, and lower crude oil prices further boosted investor sentiment. Despite India-Pakistan tensions, most sectors traded positively, led by PSU Banks and Oil & Gas. Market capitalization surged significantly, reflecting broad-based gains and optimism.
RIL, bank stocks propel Sensex over 850 points higher, Nifty above 24,250
Indian markets surged on Monday, propelled by Reliance Industries' strong earnings and positive Asian market trends. The Sensex surpassed 80,000, while the Nifty50 neared 24,300. Geopolitical tensions between India and Pakistan, along with fluctuating US-China trade relations, added uncertainty. Experts suggest sustained foreign investment is bolstering market resilience, despite potential consolidation indicated by recent trading patterns.
Rupee rises 12 paise to 85.29 against US dollar in early trade
The Indian Rupee saw a rise of 12 paise against the US dollar, reaching 85.29 in early trading. This boost is due to India's strong financial base, including growing forex reserves and healthy investments. Geopolitical tensions could pose challenges. Forex reserves increased to USD 686.145 billion. The BSE Sensex climbed by 426.00 points and Nifty rose by 144.55 points.
Oil edges up despite murky economic outlook, potential OPEC+ supply hike
Oil prices saw a slight increase in early trading. However, trade talk uncertainties between the U.S. and China continue to weigh on the market. The prospect of OPEC+ potentially increasing supply adds to the gloom. Conflicting signals from Donald Trump and Beijing regarding trade progress are also impacting the market.
Oil posts weekly fall on tariff worry and rising supplies
Oil prices saw a slight increase on Friday, but overall, they decreased for the week. This happened because people think there's too much oil available and because of uncertainty about trade talks between America and China. China has reduced tariffs on some American goods. Russia and America discussed the Ukraine war. The number of oil rigs increased.
Oil prices set for weekly loss on potential for more global supply
Oil prices saw a slight increase on Friday but are heading for a weekly loss due to potential OPEC+ output increases and hopes for a Russia-Ukraine ceasefire. These factors could boost supply while conflicting U.S. tariff signals create uncertainty about demand. Successful talks with Iran and Europe could also lead to increased oil exports.
Relief rally stutters as markets take stock of Trump's U-turns
Global markets experienced mixed signals as investors grappled with President Trump's inconsistent stances on tariffs and Federal Reserve leadership. Asian shares dipped slightly, contrasting with Wall Street's gains fueled by hopes of easing U.S.-China trade tensions. The dollar weakened after a brief rebound, while oil prices stabilized amid discussions of potential OPEC+ output increases.
Oil steadies after 2% drop on potential OPEC+ output increase
Oil prices saw a slight increase after an earlier dip, influenced by discussions on potential OPEC+ output hikes and conflicting signals from the U.S. regarding tariffs on China. While some reports suggest tariff reductions to encourage trade talks, others deny any unilateral easing. Simultaneously, U.S.-Iran nuclear talks are being closely monitored for potential impacts on oil supply, despite recent U.S.
Oil rises 1% on Iran sanctions, drop in US crude stocks
Oil prices saw a rise on Wednesday. This happened because of new Iran sanctions. Also, US crude stocks dropped. Donald Trump's comments on the Federal Reserve also helped. Brent crude futures increased. US West Texas Intermediate crude also went up. The US imposed sanctions on an Iranian network. This network ships Iranian oil. US crude oil inventories decreased last week.
Oil prices climb on short-covering, but tariff concerns linger
Oil prices saw a rise early Tuesday. Investors bought to cover losses from the previous day. Concerns remain about tariffs and US monetary policy. These factors could reduce fuel demand. Brent crude futures and US West Texas Intermediate crude both increased. Progress in US-Iran nuclear talks had previously eased supply worries.
Oil prices fall as progress in US-Iran talks eases supply concerns
Oil prices experienced a roughly 1% decrease on Monday as the United States and Iran initiated discussions to establish a framework for a potential nuclear agreement, easing concerns about supply disruptions from the Middle Eastern producer. Simultaneously, tensions remain high as Russia and Ukraine exchanged accusations of violating the Easter ceasefire, further complicating the geopolitical landscape.
Remember when crude oil prices went below $0 a barrel? 5 years later, prices are sliding again—but for different reasons
crude oil prices: Today, while crude prices are far from negative, they are once again on the decline, though for very different reasons. This drop is primarily driven by concerns over a global economic slowdown, ongoing trade tensions, and geopolitical uncertainties.
Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts
Oil prices surged following new U.S. sanctions on Iranian oil exports and OPEC producers' pledges for deeper output cuts. Brent crude rose to $66.19 a barrel, while U.S. West Texas Intermediate reached $62.91. These gains, fueled by concerns over tighter supply and bolstered by significant draws in U.S. gasoline and distillate stocks, mark the first weekly rise in three weeks.
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