September 19, 2024 New Delhi, India WTI Crude Oil Prices West Texas Intermediate (WTI) crude oil prices surged to a two-week high on Wednesday, nearing the $71 mark. This jump follows a recent pullback but continues the recovery from last week’s low of $64.75, the lowest level since May 2023. The Federal Reserve’s decision to…
September 18, 2024 New Delhi, India USDINR Price The Indian Rupee (INR) remained flat during early European trading on Wednesday, following a climb to a month-high of 83.75 in the previous session. Expectations of a deeper Federal Reserve (Fed) rate cut and significant US Dollar (USD) sales have put pressure on the USD/INR pair. However,…
September 17, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened in Tuesday’s Asian session, ending a three-day winning streak as strong US Dollar (USD) demand from local importers, especially oil companies, pressured the currency. With India being the world’s third-largest oil consumer, the recent rebound in crude oil prices also limited the…
August 30, 2024 New Delhi, India WTI Oil Prices West Texas Intermediate (WTI) Oil prices continue to rise, trading around $75.50 per barrel during Friday’s Asian session, driven by growing supply concerns in the Middle East. Key factors behind this increase include Libya’s halted Oil exports and Iraq’s plans to cut Oil production starting next…
August 10, 2024 New Delhi, India Oil Price Surge Oil markets experienced a significant uptick this week, with prices rising over 3% amid encouraging U.S. economic data and growing expectations of a potential Federal Reserve rate cut. The combination of these factors, along with ongoing geopolitical tensions, has provided a strong foundation for the rally,…
July 25, 2024 New Delhi, India WTI Crude Oil Price 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 from the previous session after draws in U.S. inventories. Market Overview: Brent Crude and WTI…
July 17, 2024 New Delhi, India WTI Oil Prices Analysis West Texas Intermediate (WTI) crude oil prices edged closer to $80 per barrel, bolstered by a significant decline in US oil stockpiles. The American Petroleum Institute (API) reported a substantial drop of 4.4 million barrels for the previous week, contrasting sharply with expectations. This news…
July 16, 2024 New Delhi, India Oil Prices Oil prices have slipped due to worries about a slowing Chinese economy, which is expected to dampen demand. However, the potential for the U.S. Federal Reserve to cut interest rates as early as September has limited further declines. Key Highlights: Oil Price Movements: Brent Crude: Fell 21…
April 15, 2023 New Delhi, India Major Highlights Of The Day India’s Merchandise Trade Deficit Narrows in March India’s Commerce Ministry released trade data for March 2024, revealing a significant reduction in the country’s merchandise trade deficit. The deficit narrowed to $15.6 billion, down from $18.71 billion in February and $18.96 billion in March 2023….
February 9, 2023 New Delhi, India Oil Prices Surge Amidst Geopolitical Turmoil Middle East Tensions Drive Oil Prices Up Oil prices surged this week as tensions continued to escalate in the Middle East. Brent crude futures climbed to $81.71 a barrel, marking a 0.1% increase, while US West Texas Intermediate crude futures rose to $76.39…
