[ad_1] Oil benchmark Brent crude futures has moved sideways in the last 12 months – between April 2023 to March 2024, majorly due to the supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) as well as the Israel-Hamas war. Oil producing majors including Saudi Arabia and Russia have since then defended the oil production cuts as a precautionary measure, aimed at the ‘stability…
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[ad_1] Global crude oil prices traded higher on Thursday, fuelled by ongoing supply concerns amid speculation that OPEC and its allies, including Russia, will maintain oil production cuts until a crucial meeting in June. At 1:10 pm, the May contract of Brent on the Intercontinental Exchange traded 0.4% higher at $86.43 a barrel, while West Texas Intermediate (WTI) futures rose 0.52% to $81.77 a barrel. The outlook for the…
Read More »[ad_1] Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected and also dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its technical meeting next week. Crude prices have retreated since hitting last week to their highest levels since October and remain about three per cent above the average closing price…
Read More »[ad_1] US stock indices edged higher on Tuesday as most megacap stocks and chipmakers jumped on optimism over three interest rate cuts this year. At 09:33 a.m. ET, the Dow Jones Industrial Average was up 70.78 points, or 0.18 per cent, at 39,384.42, the S&P 500 was up 15.22 points, or 0.29 per cent, at 5,233.41, and the Nasdaq Composite was up 73.22 points, or 0.45 per cent, at…
Read More »[ad_1] Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumer confidence. Last week, the US central bank kept its interest rates unchanged and also signalled three rate cuts…
Read More »[ad_1] Before Market Opens: Indian markets are likely to open ona positive note on Friday following gains in Asian peers after Wall Street hit record closing highs on rate-cut optimism. Meanwhile, Gift Nifty was trading 15 points higher, indicating a positive start for benchmark Nifty. Let’s take a look at some key cues before the market opens today: View Full Image Wall Street (REUTERS) Wall Street’s three major stock…
Read More »[ad_1] US stocks opened mixed on Tuesday ahead of the Federal Reserve’s interest rate decision due on Wednesday. The S&P 500 opened lower by 10.33 points, or 0.20%, at 5,139.09, while the Nasdaq Composite dropped 71.52 points, or 0.44%, to 16,031.93 at the opening bell. The Dow Jones Industrial Average rose 29.18 points, or 0.08%, at the open to 38,819.61. Milestone Alert! Livemint tops charts as the fastest growing…
Read More »[ad_1] US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week. Fed policymakers are widely expected to keep interest rate unchanged as inflation data released last week showed that the consumer prices in the US rose in February. At 9:34 a.m. ET, the Dow Jones Industrial Average was up 150.05 points, or 0.39 per cent, at 38,864.82, the S&P 500…
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