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Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex rallied strongly in opening trade on Monday as crude oil prices dipped and US President Donald Trump signalled help for ships stuck in the Strait of Hormuz. State election results from West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry are also in focus….
OPEC+ announced on Sunday that seven member nations would increase their combined production targets. (AI image) Oil price today: Crude oil prices on Monday edged down after US President Donald Trump announced that Washington would take steps to assist vessels stranded in the Strait of Hormuz. Still, crude remained firmly above the $100-a-barrel mark as…
Oil prices soared to a four-year peak on Thursday before retreating, as fears over the intensifying US-Iran war rattled global energy markets and fueled concerns over disruption in the Strait of Hormuz. Brent crude, the global oil benchmark, briefly climbed to $126.41 a barrel overnight, its highest level in four years, before easing back to…
Stock markets are heading into a crucial week, with investors likely to keep a close watch on state election results, crude oil prices and the ongoing Middle East conflict. Vote counting for assembly elections in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry will begin on Monday, May 4, and analysts believe the results could…
Ukrainian President Volodymyr Zelenskyy on Sunday said that the military forces have struck two “shadow fleet” oil tankers near the entrance to Russia’s Black Sea port of Novorossiysk, highlighting Kyiv’s continued focus on disrupting Moscow’s energy network.“Our warriors continue to apply sanctions against the Russian shadow oil fleet, they hit two such vessels in the…
US President Donald Trump has claimed that Washington has the Strait of Hormuz under “totally control” and described the ongoing naval blockade as a “tremendous success.” However, a very large crude carrier (VLCC) operated by Iran’s National Iranian Tanker Company has reportedly evaded the US Navy and reached the Asia-Pacific, carrying over 1.9 million barrels…
Pakistan’s struggling economy is likely to remain under sustained pressure, with double-digit inflation expected to persist if global oil prices continue to surge amid the ongoing Middle East crisis, according to a report by Dawn.Topline Securities Ltd, in its latest “Pakistan Strategy” report released Saturday, provided a grim assessment of the impact of rising energy…
The Middle East conflict is once again shaking global oil markets, and its impact is being felt far beyond the region. As tensions rise, crude prices are shooting up and so is the pressure in India. The government now faces a tough choice: protect consumers from higher fuel prices or help state-run oil companies struggling…
Wall Street moved higher on Friday and edged closer to fresh record highs as strong quarterly earnings from Apple, Estee Lauder and other companies lifted sentiment while a mild retreat in oil prices offered additional support.The S&P 500 rose 0.6 per cent, extending gains after closing at an all-time high on Thursday. The Dow Jones…
Pakistan has admitted its vulnerability to the ongoing global oil shock saying the country lacks “strategic oil reserves like India” that have helped New Delhi cushion the impact of soaring crude prices triggered by tensions in the Middle East. The remark comes as oil prices surged to $126 per barrel, the highest since 2022, amid…
