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Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect Gautam Adani, Chairman of the Adani Group, on Wednesday congratulated Donald Trump for his resounding victory in the US presidential election, saying it is fascinating to see America’s democracy empower its people and uphold the nation's founding principles.   Trump is set to become America’s 47th President, in a most momentous comeback in political history. In a post on X, Gautam Adani said: "If there is one person on Earth who stands as the embodiment of unbr...
Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect
Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect
Source: IANS
2024-11-07 09:09:56 am
Oil prices steady on shrinking U.S. crude inventories Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East. Brent crude futures gained 21 cents, or 0.3%, to $71.33 a barrel by 0002 GMT. U.S. West Texas Intermediate crude futures rose 22 cents, or 0.3%, to $67.43 per barrel. U.S. crude oil and fuel stocks fell last week, market sources said on Tuesday, citing American Petroleum Ins...
Oil prices steady on shrinking U.S. crude inventories
Oil prices steady on shrinking U.S. crude inventories
Source: Reuters
2024-10-30 09:01:41 am
Oil prices slip on rising U.S. crude inventories Oil prices edged down on Wednesday after industry data showed U.S. crude inventories had swelled more than expected, while the market kept watch on diplomatic efforts in the Middle East as Israel continued attacks on Gaza and Lebanon. Brent crude futures dipped 31 cents, or 0.4%, to $75.73 a barrel by 0011 GMT. U.S. West Texas Intermediate crude futures shed 32 cents, or 0.5%, to $71.42 per barrel. Crude futures settled higher in the two previous sessions this week. "With oil pr...
Oil prices slip on rising U.S. crude inventories
Oil prices slip on rising U.S. crude inventories
Source: Reuters
2024-10-23 09:09:05 am
Gold ticks up as Treasury yields slip; US retail sales data in focus Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. U.S. gold futures gained 0.2% to $2,683.80. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. [US/]...
Gold ticks up as Treasury yields slip; US retail sales data in focus
Gold ticks up as Treasury yields slip; US retail sales data in focus
Source: Reuters
2024-10-16 09:11:03 am
Oil falls 3% as concerns ease on potential Iran supply disruption Oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption, and after OPEC lowered its outlook for global oil demand growth in 2024 and 2025. Both benchmarks plunged 3% in early trade on Tuesday, following a 2% drop on Monday. Brent crude futures were down $2.27 at $75.19 per barrel, while U.S. West Texas Intermediate futures fell $2.22 to $71.60 per barrel as of 0127 GMT. Pri...
Oil falls 3% as concerns ease on potential Iran supply disruption
Oil falls 3% as concerns ease on potential Iran supply disruption
Source: Reuters
2024-10-15 09:17:12 am
Most Asian shares track Wall Street higher, oil extends losses  Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United States that Israel is willing to strike Iranian military targets and not nuclear or oil ones, easing immediate concerns about supply disruptions. [O/R] ...
Most Asian shares track Wall Street higher, oil extends losses
Most Asian shares track Wall Street higher, oil extends losses
Source: Reuters
2024-10-15 08:57:29 am
Oil prices slow sell-off as expectations of Fed rate cut grow A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States and China. Brent crude futures were 3 cents up to $76.08 a barrel. U.S. West Texas Intermediate crude futures fell 5 cents to trade at $71.88 at 0036 GMT. Both contracts lost over $1, or more than 1%, in the previous session. WTI touched its lowest since early February on Wednesday afte...
Oil prices slow sell-off as expectations of Fed rate cut grow
Oil prices slow sell-off as expectations of Fed rate cut grow
Source: Reuters
2024-08-22 08:48:27 am
Oil prices tick down as hopes of Middle East ceasefire eases supply worries Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East. Brent crude fell 12 cents, $2.02, or 0.15%, to $77.54. Front month U.S. West Texas Intermediate crude futures, which expire on Tuesday, were at $74.23 a barrel, easing 14 cents, or 0.2%. The more actively traded second month contract was down 15 cents or 0.2% at $73.52. Brent had fallen about 2.5% on...
Oil prices tick down as hopes of Middle East ceasefire eases supply worries
Oil prices tick down as hopes of Middle East ceasefire eases supply worries
Source: Reuters
2024-08-20 09:09:32 am
Gold drifts higher on Fed rate-cut hopes, geopolitical risks Prices of safe-haven gold climbed on Monday on heightened geopolitical tensions in the Middle East and amid expectations of a U.S. rate cut in September, while focus shifted to the Federal Reserve's policy meeting due later this week. Spot gold was up 0.3% at $2,391.80 per ounce, as of 0205 GMT. U.S. gold futures firmed 0.4% to $2,390.50. "Prices will hold a range ahead of the Fed meet and Chair Jerome Powell's comments. If we get a clearly dovish stance and softer jobs dat...
Gold drifts higher on Fed rate-cut hopes, geopolitical risks
Gold drifts higher on Fed rate-cut hopes, geopolitical risks
Source: Reuters
2024-07-29 09:01:53 am
Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights Oil prices rose on Monday, paring last week's loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 9 cents, or 0.1%, to $77.25 a barrel. Last week, Brent lost 1.8% while WTI fell 3.7% on sagging Chinese dem...
Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights
Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights
Source: Reuters
2024-07-29 08:47:35 am
Gold firms ahead of US inflation data, but set for weekly loss Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. Spot gold rose 0.4% to $2,374.14 per ounce by 0235 GMT, but was down 1% for the week. U.S. gold futures climbed 0.7% to $2,371.00. "Currently, the precious metal is seeing a cool-off period before prices potentially start marching higher in the last quarter of this year," said Sugandha Sachdev...
Gold firms ahead of US inflation data, but set for weekly loss
Gold firms ahead of US inflation data, but set for weekly loss
Source: Reuters
2024-07-26 09:17:12 am
Oil falls on weak China demand concerns, Mideast ceasefire talks Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. Brent crude futures for September fell 63 cents, or 0.8%, to $81.08 a barrel by 0355 GMT. U.S. West Texas Intermediate crude for September slid 63 cents, or 0.8%, to $76.96 per barrel. Both benchmarks settled higher on Wednesday, snapping consecut...
Oil falls on weak China demand concerns, Mideast ceasefire talks
Oil falls on weak China demand concerns, Mideast ceasefire talks
Source: Reuters
2024-07-25 08:50:13 am
Oil prices slip despite OPEC+ production cut extension Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 4 cents, or 0.05%, to $81.07 a barrel at 0344 GMT, after falling to a session low of $80.55. U.S. West Texas Intermediate (WTI) crude futures for July delivery slipped 1 cent, or 0.01%, to $76.98, after falling to $76.39 earlier. Brent settled down 0.6% and WTI posted a 1% loss last week. The Organization ...
Oil prices slip despite OPEC+ production cut extension
Oil prices slip despite OPEC+ production cut extension
Source: Reuters
2024-06-03 09:46:47 am
Oil prices up on stronger Chinese data, Middle East conflict Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT. In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooli...
Oil prices up on stronger Chinese data, Middle East conflict
Oil prices up on stronger Chinese data, Middle East conflict
Source: Reuters
2024-05-10 09:29:31 am
Oil prices edge lower on rising US stockpiles Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel. U.S. crude stocks rose by 509,000 barrels in the week ended May 3, market sources said citing American Petrol...
Oil prices edge lower on rising US stockpiles
Oil prices edge lower on rising US stockpiles
Source: Reuters
2024-05-08 10:02:32 am
Fed rate cut hopes, geopolitical tensions lift gold prices Gold prices firmed on Monday as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East boosted the allure of the non-yielding bullion. Spot gold rose 0.4% at $2,310.89 per ounce, as of 0244 GMT. U.S. gold futures gained 0.6% to $2,322.30 per ounce. Prospects for a Gaza ceasefire appeared slim on Sunday as Hamas reiterated its demand for an end to the war in exchange for the freeing of hostages, and Israeli Prime Minister...
Fed rate cut hopes, geopolitical tensions lift gold prices
Fed rate cut hopes, geopolitical tensions lift gold prices
Source: Reuters
2024-05-06 08:52:13 am
Stocks sink, oil surges on reports of Middle East attacks Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived 2.3% and U.S. stock futures pointed 1.5% lower following media reports Israeli missiles had hit a site in Iran. U.S. long-term Treasury yields dropped as much as 13.5 basis points to 4.512%. The safe-haven yen rallied about 0.4% against the dollar and 0.7% versus the euro ...
Stocks sink, oil surges on reports of Middle East attacks
Stocks sink, oil surges on reports of Middle East attacks
Source: Reuters
2024-04-19 08:58:26 am
Gold shines as geopolitical tensions offset easing US rate-cut bets Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from higher-for-longer U.S. interest rates. Spot gold was up 0.6% at $2,374.97 per ounce, as of 0429 GMT, after hitting an all-time high of $2,431.29 last Friday. U.S. gold futures edged 0.1% higher to $2,389.70. "Given the fact that we do have a lot of uncertainty on the geopolitical front, which is supporting this upward trend that is still ...
Gold shines as geopolitical tensions offset easing US rate-cut bets
Gold shines as geopolitical tensions offset easing US rate-cut bets
Source: Reuters
2024-04-18 10:46:32 am
Asian shares slide on US rate cut rethink; China GDP beats estimates Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while data showed China's economy grew 5.3% in the first quarter year-on-year, easily beating analysts' expectations. The data from China ...
Asian shares slide on US rate cut rethink; China GDP beats estimates
Asian shares slide on US rate cut rethink; China GDP beats estimates
Source: Reuters
2024-04-16 09:03:23 am
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally The Indian rupee will likely slip below 83.50 to a lifetime low on Tuesday, pressured by the dollar's broad rally on risk aversion and data that indicated that the U.S. Federal Reserve could hold off from cutting interest rates. Non-deliverable forwards indicate rupee will open 83.52-83.54 to the U.S. dollar compared with 83.45 in the previous session. The local currency just about managed to avoid the 83.4550 record low on Monday on likely intervention by the Reserve Bank of India....
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally
Source: Reuters
2024-04-16 08:57:56 am
Oil prices rise as Israel weighs response to Iran attack Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel. Oil prices had ended Monday's session lower after Iran's weekend attack on Israel proved to be l...
Oil prices rise as Israel weighs response to Iran attack
Oil prices rise as Israel weighs response to Iran attack
Source: Reuters
2024-04-16 08:49:40 am
Asia stocks slide, gold rises as Middle East conflict sparks safety rush Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran's retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer. Markets in Asia began the week on a cautious footing. MSCI's broadest index of Asia-Pacific shares outside Japan fel...
Asia stocks slide, gold rises as Middle East conflict sparks safety rush
Asia stocks slide, gold rises as Middle East conflict sparks safety rush
Source: Reuters
2024-04-15 08:58:43 am
Oil prices head back up on Middle East jitters Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT. The gains erased some losses from the previous session, which was dominate...
Oil prices head back up on Middle East jitters
Oil prices head back up on Middle East jitters
Source: Reuters
2024-04-12 09:17:10 am
Oil settles up, notches weekly gain on tight supply, Middle East conflict Oil prices settled higher on Friday, up about 6% on a week-on-week basis, as worries about supply from the Middle East mounted and as reining outages tightened refined products markets. Brent crude futures settled up 56 cents, or 0.7%, at $82.19 a barrel. U.S. West Texas Intermediate crude futures settled up 62 cents or 0.8%, at $76.84 a barrel. Oil futures rose throughout the week, buoyed after Israeli Prime Minister Benjamin Netanyahu's rejection of a Hamas ceasefire proposal on W...
Oil settles up, notches weekly gain on tight supply, Middle East conflict
Oil settles up, notches weekly gain on tight supply, Middle East conflict
Source: Reuters
2024-02-10 08:47:30 am
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates Gold prices eased to a near one-week low on Tuesday as the dollar firmed and safe-haven demand slowed, while investors awaited comments from Federal Reserve officials, including Chair Jerome Powell, for more clarity on the interest rate outlook. Spot gold was down 0.2% at $1,972.89 per ounce by 0328 GMT. U.S. gold futures fell 0.5% to $1,979.50. The dollar rose 0.1% after hitting a six-week low in the previous session, making gold more expensive for other currency holders. [USD/] &qu...
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates
Gold slips as dollar firms, Jerome Powell speech eyed for cues on rates
Source: Reuters
2023-11-07 09:40:30 am
Oil prices ease as market awaits China data to gauge demand Oil prices eased on Tuesday, giving up most of the gains from the previous day, on concerns over weak demand in China, with investors focusing on trade data due later in the day to gauge demand from the world's second-largest oil consumer. Brent crude futures fell 23 cents, or 0.3%, to $84.95 a barrel by 0127 GMT while U.S. West Texas Intermediate crude was at $80.59 a barrel, down 23 cents, or 0.3%. Both benchmarks gained about 30 cents on Monday after top exporters Saudi Arabia an...
Oil prices ease as market awaits China data to gauge demand
Oil prices ease as market awaits China data to gauge demand
Source: Reuters
2023-11-07 08:48:25 am
Oil set for first weekly drop in three as Mideast situation holds Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand. Brent crude futures climbed 45 cents, or 0.5%, to $88.38 a barrel by 0019 GMT while U.S. West Texas Intermediate was at $83.63 a barrel, up 42 cents, or 0.5%. Both contracts are on track to post their first weekly drop in three weeks as th...
Oil set for first weekly drop in three as Mideast situation holds
Oil set for first weekly drop in three as Mideast situation holds
Source: Reuters
2023-10-27 08:59:14 am
Oil prices ease as aid convoys arrive in embattled Gaza Strip Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain a conflict between Israel and the Palestinian Islamist group Hamas, amid worries of a wider confrontation in the oil-rich region and pressure on supplies.Brent crude futures fell 67 cents to $91.49 a barrel, as of 0203 GMT, having lost $1.02 to $91.14 a barrel earlier in the session. U.S. West Texas Intermediate crude futures lost 72 cents to trade at $87.36 a barrel, after sliding $1.72 to $87.03 a ...
Oil prices ease as aid convoys arrive in embattled Gaza Strip
Oil prices ease as aid convoys arrive in embattled Gaza Strip
Source: Reuters
2023-10-23 09:12:33 am
Oil prices fall as investors assess impact of Israel-Hamas war Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy.Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S. West Texas Intermediate (WTI) crude dropped 41 cents, or 0.5%, to $87.28 a barrel by 0048 GMT.Both benchmarks rose nearly 6% on Friday, posting their highest daily percentage gains since April, as investors priced in t...
Oil prices fall as investors assess impact of Israel-Hamas war
Oil prices fall as investors assess impact of Israel-Hamas war
Source: Reuters
2023-10-16 09:12:06 am