Global crude oil prices have plunged, falling sharply to nearly $60 per barrel from around $75 just a week ago. A combination of US President Donald Trump’s trade war rhetoric, growing recession fears in the US, and weak global demand has weighed heavily on oil markets. Christopher Haines, Head of Oil at Energy Aspects, believes […]
Explained — Here is why HPCL shares are bucking the trend on Monday – CNBC TV18
Shares of Hindustan Petroleum Corporation Ltd. (HPCL) are bucking the trend on Monday, April 7, on the back of multiple factors. The biggest factor is the tanking of crude oil prices. Brent crude is now down 4% after declining 6.5% each on Thursday and Friday. West Texas Intermediate is also trading near the mark of […]
Brent crude hits 52-week low, trades below $68 on OPEC+ hike, tariff fears – CNBC TV18
Crude oil prices tumbled on Friday, with Brent crude falling to $67.48 per barrel—its lowest level in a year—before recovering slightly to $67.57 at 02:45 PM IST. WTI crude also slumped to $64.23 per barrel, matching its 52-week low. The slide in oil prices was triggered by a larger-than-expected supply increase from OPEC+, which announced […]
Oil prices ease despite Trump warning of possible tariffs on Russian buyers – CNBC TV18
Oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. The more active June Brent crude futures fell 21 cents, […]
Citi forecasts gold surge to $3,500 amid tariff uncertainty, copper and oil prices in focus – CNBC TV18
Gold prices are expected to rise further, with Citi projecting a continued upward trajectory in the coming months. Max Layton, Global Head of Commodities at Citi, said that the key factors supporting the ongoing bull market remain unchanged. Layton said, “In our base case, gold prices are expected to reach $3,200 per ounce over the […]
Goldman Sachs cuts oil price forecast on slow US growth, OPEC+ policy – CNBC TV18
Goldman Sachs Group Inc. cut its oil price forecasts, as tariffs reduce the outlook for US growth while OPEC and its allies boost output. The bank now sees Brent crude at $71 a barrel in December, $5 less than previously, and US benchmark West Texas Intermediate at $67. Brent will trade in a range of […]
Crude oil prices pare weekly loss as US sanctions offset bleak IEA outlook – CNBC TV18
Oil advanced as the US tightened sanctions against Iran and Russia, countering some of Thursday’s slump following a dour demand forecast from the International Energy Agency. Brent rose to around $70 a barrel after sliding 1.5% in the prior session, and West Texas Intermediate was below $67. The White House imposed sanctions on Iran’s oil […]
Paint demand recovers, Berger may outpace Asian Paints: Nuvama – CNBC TV18
The paint industry is showing signs of recovery after nearly flat volume growth for the past nine months. While challenges remain, demand is improving, and volumes are expected to rise in the coming quarters. Institutional brokerage firm Nuvama believes Berger Paints could perform better than Asian Paints in the near to medium term due to […]
Crude At Six-Month Low: Are valuations for HPCL, BPCL, IOC attractive now? – CNBC TV18
Shares of Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation (IOC) Ltd., India’s state-run oil refiners, along with other refining companies like Chennai Petro and MRPL surged up to 5% on Thursday, March 6, after the global crude oil prices fell to a six-month low. Brent crude fell below […]
Oil falls after Trump delays Canada, Mexico tariffs by a month – CNBC TV18
Oil declined after President Donald Trump delayed the start of tariffs against the US’s two biggest foreign suppliers of crude by a month. Company Value Change %Change West Texas Intermediate fell toward $72 a barrel, erasing all of Monday’s gains, while Brent crude closed near $76. Trump pushed back the planned levies on Canada and […]