New Delhi, July 23 (IANS) Global crude oil prices surged more than 2 per cent on Thursday, with Brent crude climbing above $96 a barrel after Iran-backed Houthi militants claimed responsibility for attacks on two Saudi Arabian oil tankers in the Red Sea, raising concerns over global supply disruptions.International oil benchmark Brent crude rose 2.5 per cent or $2.42 to trade above $96 a barrel, building on its six-week high from the previous session.Similarly, US benchmark West Texas Intermedia…
Latest West Texas Intermediate (WTI) News & Updates
New Delhi, June 26 (IANS) A new daily record of 78 vessel transits after the US-Iran war has been recorded through the Strait of Hormuz, representing a recovery to about 57 per cent of pre‑war daily volumes, a report said on Friday.The recovery in transits comes after Oman and the International Maritime Organization (IMO) announced a new safe corridor for transits close to the Omani coast, the report from S&P Global said.Over 40 per cent of the day’s transits — 33 vessels — used this…
New Delhi, June 22 (IANS) Global crude oil prices declined sharply by up to 3 per cent on Monday after talks between the United States and Iran concluded in Switzerland, easing concerns over supply disruptions and raising hopes of increased Iranian oil exports.International benchmark Brent crude fell more than 2 per cent to around $79 a barrel after briefly rising above $82 at the start of trading, while US West Texas Intermediate (WTI) crude traded near $75 per barrel, a decrease of 3 per cent….
Mumbai, June 3 (IANS) Domestic equities traded lower on Wednesday following fresh escalation in tensions between the US and Iran, with benchmark indices declining up to 1 per cent during morning trade.Sensex fell as much as 816 points or 1.09 per cent to hit an intraday low of 73,833 in early trade. Similarly, Nifty declined 200 points or 0.86 per cent to touch an intraday low of 23,280.Sectoral indices traded largely in the red, with technology stocks emerging as the biggest drag. Nifty IT slum…
Mumbai, April 20 (IANS) The Indian rupee gained 10 paise on Monday, opening at 92.83 against the US dollar, buoyed by a significant decline in crude oil prices, optimism around easing geopolitical tensions, and supportive measures from the Reserve Bank of India (RBI).The dollar index — which measures the greenback against a basket of six major currencies — rose to 98.27, up 0.37 per cent from the previous close.According to the currency market experts, a sustained move above Rs 93 could extend…
Seoul, March 9 (IANS) South Korean stocks plummeted around 8 per cent on late Monday morning after the Korea Exchange (KRX) resumed transactions following a 20-minute trading suspension amid extreme volatility triggered by recent US-Israeli strikes on Iran.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 445.88 points, or 7.98 percent, to 5,138.99 as of 11:20 a.m, reports Yonhap news agency.The KRX activated a circuit breaker at 10:31 a.m. after the KOSPI plunged 452.8 points, …