[ad_1] Oil extended a volatile run as investors grappled with abrupt shifts in US tariff policy, with futures returning to losses after a brief relief rally ignited by President Donald Trump’s decision to pause some levies. Brent fell below $65 a barrel, after posting its best one-day gain since October, while west Texas Intermediate was […]
Oil extends brutal selloff as fresh tariff wave imperils demand – CNBC TV18
[ad_1] Oil extended a brutal selloff that’s driven prices to a four-year low as an intensifying trade war threatens to batter energy demand. Brent sank as much as 3.1% to drop below $61 a barrel, as West Texas Intermediate fell for a fifth day. While the White House said it is open to deals with […]
Core sector growth slows to 2.9% in Feb, dragged by refinery, crude oil output – CNBC TV18
[ad_1] India’s eight core industries recorded a 2.9% growth in February 2025, a sharp decline from the 5.1% growth seen in January, according to data released by the Ministry of Commerce and Industry. The slowdown was driven by a contraction in crude oil and natural gas production, as well as a steep fall in refinery […]
Oil poised for third weekly gain ahead of more Trump tariffs – CNBC TV18
[ad_1] Oil headed for a third weekly advance as the market braced for more tariffs from the Trump administration due early next week. Brent traded near $74 a barrel after closing 0.3% higher on Thursday, while West Texas Intermediate was below $70. So-called reciprocal levies and a duty on buyers of crude from Venezuela are […]
Oil holds gains with China demand and geopolitical risk in focus – CNBC TV18
[ad_1] Oil steadied after a two-day gain, with the outlook for China’s economy and geopolitical risk in the Middle East remaining in focus. Brent crude traded near $71 a barrel after rising by 1.7% over the past two sessions, with West Texas Intermediate above $67. There were optimistic signals in the world’s two biggest crude […]
Asian equities reverse early losses, US Dollar, futures rise on easing shutdown risk – CNBC TV18
[ad_1] Asian equities retraced early losses and US equity-index futures climbed Friday as signs the US will avoid a government shutdown injected a boost to sentiment. Shares in Japan retraced early losses while those in Australia also climbed higher. Contracts for US equities advanced early Friday as a stopgap funding bill looked set to pass […]
Oil holds hefty gain after easing US inflation aids sentiment – CNBC TV18
[ad_1] Oil steadied, after the biggest gain in two weeks, as easing US inflation aided broader financial market sentiment. West Texas Intermediate traded below $68 a barrel after jumping 2.2% on Wednesday, with Brent crude closing near $71. US consumer prices rose at the slowest pace in four months in February, official data showed, although […]
Lower crude oil prices continue to drive upgrades for HPCL, IOC: Check latest price targets – CNBC TV18
[ad_1] Benign valuations, lower crude prices, and stronger Gross Refining Margins (GRMs) will fuel a rally in state-run oil marketing companies (OMCs), with stocks having the potential to rise by as much as 50%. Brokerage firm Avendus Spark has upgraded Indian Oil Corporation (IOC) Ltd., the country’s largest state-run downstream oil refiner to ‘Buy’ rating. […]
Oil extends drop as risk-off mood sends markets into tailspin – CNBC TV18
[ad_1] Oil fell a second day, tracking a plunge in equity markets and other risk assets on concerns tariffs and other measures will stunt growth in the world’s largest economy. Brent crude dropped to near $69 a barrel after sliding 1.5% on Monday while West Texas Intermediate declined below $66. Investors retreated from every type […]
Oil set for biggest weekly loss since October on tariff turmoil – CNBC TV18
[ad_1] Oil was on track for the biggest weekly decline since October as US President Donald Trump’s on-off tariffs against major trading partners injected volatility and uncertainty into global markets. West Texas Intermediate futures traded near $66 a barrel, and are down 5% so far for the week on concerns levies will dent demand. Brent […]