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Fall, Oil Rises

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Oil prices fall and markets rise on optimism over Iran ceasefire deal

Markets rallied, and oil fell after reports that the United States and Iran had agreed in principle to extend their ceasefire, boosting hopes of a sustained de-escalation in the conflict.

Euronews 12d ago

Oil rises, stocks slip on fragile Mideast peace hopes

Oil rises, stocks slip on fragile Mideast peace hopes NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal. Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing in Asia.

Channel News Asia 7d ago

Equities lose some steam while dollar falls and oil slips

Equities lose some steam while dollar falls and oil slips NEW YORK/LONDON, June 9 : MSCI's global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attacks on each other. U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz - a key energy conduit - is...

Channel News Asia 1d ago

Oil prices fall below $100 a barrel on hopes of Iran peace deal

Oil prices have dropped below $100 a barrel, with Brent crude futures falling 5.5% to under $98. This decline coincides with a rise in stock markets, driven by optimism surrounding potential peace negotiations between the US and Iran.

The Guardian World 16d ago

Oil prices fall below $100 a barrel on hopes of Iran peace deal

Oil prices dropped below $100 a barrel on Monday, with Brent crude futures falling 6% to $97.43. This decline occurred amid growing optimism that the United States and Iran are nearing a peace agreement. Consequently, stock markets experienced a rise.

The Guardian UK 16d ago

Tech sell-off deepens as oil prices rise on renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential U.S. interest rate hikes, and escalating tensions in the Middle East. Asian shares mostly retreated on Wednesday after a sell-off in technology stocks on Wall Street, while oil prices climbed following fresh US airstrikes against Iran. The US military launched attacks early on Wednesday after an Army helicopter crashed near the Strait of Hormuz, an incident President Donald...

Euronews 20h ago

ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme

Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years. Under the new regime, airlines opting into the scheme will pay a fixed ATF price of about Rs 115 per litre, compared with the previous rate of Rs 104.93 per litre. The move is aimed at shielding carriers from sharp swings in global...

Times of India 1d ago

Markets dumped India for AI stars. BlackRock says that’s a mistake

India's equity market has been "over-punished" for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country's medium- to long-term investment prospects. Natasha Sarkaria, EMEA investment strategy lead of wealth at BlackRock, was quoted by Reuters as saying on Wednesday that the world's largest asset manager remains...

Times of India 9h ago

Why is stock market down? BSE Sensex, Nifty50 crash 1% — top reasons for fall

Stock market crash today: Indian equity benchmarks, Nifty50 and BSE Sensex, tanked in trade on Wednesday as fresh tensions between US and Iran weighed on sentiment and led to crude oil prices rising. Both the Sensex and Nifty declined more than 1% as investor sentiment weakened amid growing concerns over the Iran-US conflict, continued foreign institutional investor (FII) outflows and a host of other market challenges. The decline erased more than Rs 3 lakh crore from the combined market...

Times of India 7d ago