New Delhi, July 27 (IANS) Global crude oil prices witnessed heavy selling pressure on Monday, with key oil benchmarks plunging up to 7 per cent after the United States and Iran paused military strikes over the weekend.International benchmark Brent crude fell more than 7 per cent or about $7 to hover around the $91-a-barrel mark.On the other hand, US West Texas Intermediate (WTI) crude also declined over 7 per cent, shedding around $6.4 to trade below $85 a barrel.The sharp decline came after Ira…
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New Delhi, July 24 (IANS) Global crude oil prices remained elevated on Friday, with trading above the $100-per-barrel mark amid escalating geopolitical tensions in the Gulf, raising concerns over global energy supplies.International benchmark Brent crude rose 0.43 per cent or 44 cents to remain above the $100-a-barrel level, while US West Texas Intermediate (WTI) crude gained 0.69 per cent or 64 cents to $92.83 a barrel.In the domestic market, crude oil futures for August delivery on the Multi C…
Mumbai, July 24 (IANS) Domestic equity markets opened lower on Friday, with benchmark indices declining almost 1 per cent each amid heightened global uncertainty and a surge in crude oil prices, with Brent crude crossing the $100-per-barrel mark.Sensex opened 683.20 points or 0.89 per cent lower at 75,708.19, while Nifty declined 203.25 points or 0.85 per cent to 23,666.35.All sectoral indices traded in the red, with realty, metal and financial stocks witnessing the sharpest declines.Nifty Realt…
New Delhi, July 20 (IANS) Global crude oil prices surged more than 3 per cent, climbing above the $90-a-barrel mark on Monday as escalating military tensions between the United States and Iran fuelled fears of supply disruptions through the Strait of Hormuz.International benchmark Brent crude rose nearly 3 per cent or $2.63 to trade above $90 a barrel after gaining more than 3 per cent in the previous session.Similarly, US West Texas Intermediate (WTI) crude advanced 3.51 per cent or around $3 t…
New Delhi, July 14 (IANS) Global crude oil prices climbed around 3 per cent on Tuesday, touching their highest levels in four weeks, after the United States reinstated its naval blockade of Iran and fresh military exchanges around the Strait of Hormuz heightened fears of disruptions to global crude supplies.International benchmark Brent crude surged as much as 2.82 per cent or $2.35 to trade above $85 per barrel, while US West Texas Intermediate (WTI) crude rose nearly 3 per cent or $2.28 to $80…
New Delhi, July 13 (IANS) Global crude oil prices surged more than 4 per cent to trade near the $80-per-barrel mark on Monday after fresh military strikes between the US and Iran reignited concerns over supply disruptions in the Middle East.International benchmark Brent crude rose more than 4 per cent or $3.28 to nearly $80 per barrel.Similarly, US benchmark West Texas Intermediate (WTI) gained 4.55 per cent or $3.25 to $74.66 per barrel.The latest rally came after Iran reportedly claimed that t…
Mumbai, July 13 (IANS) Indian equity markets opened lower on Monday as crude oil prices rebounded to near the $80-per-barrel mark amid renewed geopolitical tensions.Sensex began the session at 76,963.35, down over 600 points or 0.78 per cent, while Nifty started at 24,039.40, declining 167.50 points or 0.69 per cent.Sector-wise, most indices traded in the red, led by Nifty Auto and Nifty Metal, which fell up to 1 per cent. Nifty Consumer Durables, Nifty PSU Bank and Nifty Private Bank also witne…
New Delhi, July 8 (IANS) Global crude oil prices surged more than 6 per cent on Wednesday after US President Donald Trump said the ceasefire between Washington and Tehran was effectively over following a fresh round of American military strikes on Iran, intensifying concerns over energy supplies from West Asia.International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more than 6 per…
Mumbai, July 8 (IANS) Gold and silver prices traded lower on Wednesday amid rising geopolitical tensions in the Middle East after the US military launched fresh strikes on Iran.On the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened at Rs 1,45,200 per 10 grams, down Rs 192 from the previous close of Rs 1,45,392.At around 10:35 am, the yellow metal was trading at Rs 1,45,000 per 10 grams, down Rs 392 or 0.27 per cent.During the session so far, MCX gold touched an intr…
New Delhi, July 6 (IANS) Gold traded flat while silver slipped in early trade on Monday as softer crude oil prices reduced expectations of further interest rate hikes by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold futures (August 5) opened at Rs 1,47,135 per 10 grams, down Rs 243 or 0.16 per cent from the previous close of Rs 1,47,378.At around 11 am, the yellow metal was trading at Rs 1,47,177 per 10 grams, down Rs 200 or 0.14 per cent. It touched an intraday low of Rs 1,…