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Friday, March 29, 2024
TopicOil Prices

Topic: Oil Prices

Uncertainty over Israel-Hamas war, rising US bond yields to hit stock markets for foreseeable future

Rising oil prices and muted second quarter financial performance of key IT sector companies are other sources of potential volatility for Indian markets.

Oil prices rise amid anxieties over escalation of Israel-Hamas war

Brent crude futures & US West Texas Intermediate crude futures both rose 0.6% a barrel. Both benchmarks fell more than 2% Monday as diplomatic efforts in Middle East intensified.

Oil prices drop after Hamas releases 2 American hostages from Gaza

Development leads to hopes that the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region and disrupting oil supplies.

Cheaper vegetables help ease food & retail inflation, but cereals & pulses continue to cause concern

India’s retail inflation for August came in at 6.83 percent as compared to the same month last year, lower than 7.44 percent in July....

Our take on Manipur rape video, Teesta Setalvad bail, and Seema Haider case—in 50 words

ThePrint view on the most important issues this week.

OPEC+ surprise production cuts surges oil prices by $5 per barrel

Organization of Petroleum Exporting Countries and their allies, including Russia, shook markets by announcing output cuts of about 1.16 million barrels/day on Sunday.

Oil slides after IMF says slowing global growth engines portend tougher 2023

IMF Managing Director Kristalina Georgieva said Sunday that US, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global economy.

UPA-2 faced the same economic issues Modi govt does now. But there’s one difference

The Modi govt has to ensure that the 2024 Lok Sabha election doesn’t entice it to throw fiscal prudence out of the window like UPA-2 did.

Share prices surge with decline in global oil rates, Sensex crosses 57,200, Nifty over 17,000

India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation.

Will US craft a new oil compact with Saudi Arabia? Joe Biden may have to eat his own words

Like many, India will be anxiously watching the US-Saudi Arabia summit in Jeddah—knowing its fate is tied to the decisions King Salman and Joe Biden make.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.