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Source: Live Mint Santos backs $18.7 bln takeover bid; shares soar Oil prices surge on Middle East tensions Energy stocks hit highest levels since mid-Oct Banks and gold stocks fall on profit-taking – analyst June 16 (Reuters) – Australian shares closed flat on Monday, as a rally in energy stocks driven by higher oil prices…
Source: Live Mint Most Middle Eastern markets dropped on Sunday as investors signaled growing concerns of a wider conflict amid tit-for-tat attacks by Israel and Iran. Egypt’s main stock index was the worst performer among markets that opened for the first time since the attack began on Friday, posting the biggest losses in more than…
Source: Live Mint The strikes reportedly came in response to Iran being on the brink of developing nuclear weapons, amplifying the instability across West Asia and fuelling fears about oil prices remaining stubbornly high. The Israel-Iran conflict has sent Brent crude prices soaring above $75 a barrel, stoking fears of inflationary pressure driving up input…
Source: Live Mint NEW YORK (Reuters) – Oil prices climbed about 2% on Tuesday to a two-week high as persistent geopolitical tensions between Russia and Ukraine, and the U.S. and Iran looked set to keep sanctions on both OPEC members Russia and Iran in place for longer. Brent crude futures rose $1, or 1.5%, to…
Source: Live Mint HOUSTON -Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC . Brent crude futures settled up 88 cents, or 1.4%, at $65.41 per barrel, while U.S. West Texas Intermediate crude…
Source: Live Mint Canadian dollar falls 0.3% against the greenback Trades in a range of 1.3902 to 1.3984 Price of U.S. oil settles 0.8% lower Canada-U.S. 2-year spread widens to 145 basis points TORONTO, May 14 (Reuters) – The Canadian dollar edged lower against its U.S. counterpart on Wednesday as oil prices fell and interest…
Source: Live Mint NEW YORK -Oil prices fell by more than $1 a barrel on Wednesday as investors doubted that upcoming U.S.-China trade talks will result in a breakthrough, while hopes for an Iran-U.S. nuclear deal eased supply worries. Brent crude futures settled $1.03, or 1.66%, lower at $61.12 a barrel while U.S. West Texas…
Source: Live Mint May 2 – Oil prices pulled ahead in early Asian hours on Friday after China said its door is open for talks with the United States, raising hopes of a de-escalation in a bitter trade war between the world’s two largest economies. Brent crude futures rose 38 cents, or 0.6%, to $62.51…
Source: Live Mint NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by $1.61, or 2.4%, to settle at $64.25…
Source: Live Mint NEW YORK (Reuters) -Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. U.S. West Texas…
