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 some […]
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, […]
Oil poised for third weekly gain ahead of more Trump tariffs – CNBC TV18
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 scheduled […]
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 […]
Oil holds gains with China demand and geopolitical risk in focus – CNBC TV18
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 consumers, […]
Oil holds hefty gain after easing US inflation aids sentiment – CNBC TV18
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 economists […]
Oil extends drop as risk-off mood sends markets into tailspin – CNBC TV18
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 of […]
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 […]
Oil set for biggest weekly loss since October on tariff turmoil – CNBC TV18
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 closed […]
Oil holds near six-month low as tariffs dent demand outlook – CNBC TV18
Oil held near the lowest level in six months as President Donald Trump’s sweeping tariffs opened up trade wars on multiple fronts, raising concerns about the outlook for energy demand. West Texas Intermediate traded near $66 a barrel after losing more than 5% over the past four sessions. Brent closed below $70 on Wednesday. Trump […]