oil prices

[ad_1] Crude prices saw a modest 1% increase, reaching a five-month peak. This surge was fueled by anticipations of rising oil demand, prompted by upbeat economic updates from both the U.S. and China, on Monday.  Additionally, global supplies faced constraints due to OPEC+ production cuts and assaults on Russian refineries. Brent futures climbed by 73 cents (0.8%) to $87.73 per barrel, while U.S. West Texas Intermediate (WTI) crude rose…

[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…

[ad_1] Asian markets are mixed and the US market took a breather after a rally sparked by optimism over the US Federal Reserve’s interest rate cuts. The Indian stock market was closed on Monday on account of the Holi festival. The markets will also remain shut on Friday, March 29, on account of Good Friday. On Friday, the domestic equity benchmark indices ended with modest gains, extending the positive…

[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…