Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. Similarly, U.S. West Texas Intermediate crude futures (WTI) declined by 13 cents, representing a 0.2% decrease, settling at $76.36.
1 min read26 Feb 2024Last week, front-month Brent and WTI futures exhibited gains of approximately 1.5% and 3% respectively, signaling a growing apprehension regarding the potential escalation of conflict in the Middle East.
2 min read19 Feb 2024Brent crude futures were down 54 cents, or about 0.7%, at $81.65 a barrel, while U.S. West Texas Intermediate crude futures slipped 32 cents, also about 0.4%, to $76.52 a barrel at 1426 GMT.
2 min read12 Feb 2024Oil rises 1%, heads for weekly gain as Middle East conflict rages
1 min read9 Feb 2024Brent crude futures gained 10 cents, or 0.1%, to $77.43 a barrel by 1420 GMT, while U.S. West Texas Intermediate futures were flat at $72.28 a barrel.
2 min read5 Feb 2024On crude oil and gas prices, petroleum minister Hardeep Singh Puri said the prices would be affected if crude supply is impacted. “...if you think that prices will rise in future, then pray to God that there's no turbulence and things are normal,” he said.
1 min read3 Jan 2024Brokerage house Emkay Wealth Management, the advisory arm of Emkay Global Financial Services, expects Brent crude to trade in a range-bound pattern in the near term with a likelihood of some decline.
2 min read26 Dec 2023At 3 pm the November contract of Brent on the Intercontinental Exchange was trading at $92.60 a barrel, down 0.99% from its previous close
1 min read21 Sep 2023International crude oil prices rose, firming around a 10-month peak, as the market balanced supply concerns over Libya output and OPEC cuts with global macroeconomic headwinds.
2 min read13 Sep 2023Against a basket of currencies, the US dollar was at 104.69, not far off the six-month high of 104.90 touched overnight. A stronger dollar can weigh on oil demand by making the fuel more expensive for holders of other currencies.
3 min read6 Sep 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared