Monday’s trading is centred on oil and gas equities because the price of Brent crude oil is close to $60 per barrel, while the price of US WTI crude oil fell below $60 per barrel. It will have an impact on Indian businesses that refine crude oil and produce petroleum products. The US President’s reciprocal…
Crude oil prices fell 6.7% to settle at ₹5,735 after eight OPEC+ countries announced they would go ahead with their production hike plan. While OPEC cited strong fundamentals, it also hinted at pausing future increases if needed. Adding to the downward pressure, the US President’s new tariffs could dampen economic growth and reduce fuel demand….
Following a significant reduction in U.S. interest rates and a drop in global stocks, oil prices were expected to conclude the week higher for the second consecutive week. They were little moved in early Asian trade on Friday. Brent futures have gained 4.3% this week and were trading 19 cents, or 0.3%, lower at $73.69…
