Nikita Prasad
Year 2023 | From $82 to near $100 and back: How Brent crude moved in 2023 over OPEC+ cuts and more
Crude oil benchmark Brent futures has moved sideways in the last one year - between January to Dece...
8 months ago
Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term
Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 --responding to seasonal tightening in physical markets, supply cut extensions, and a pick-up in geopolitical...
6 months ago
Gold Prices Today: Yellow metal extends gains as investors await US inflation data, silver up 0.6%
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve's policy path after the central bank kept interest rates unchanged for the fifth straight...
6 months ago
Oil prices report second straight weekly gain, hit 6-month high on Middle-East crisis; Brent at $91/bbl
Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. This sudden uptick in crude oil prices has reign...
6 months ago
Oil prices ease for second day over Gaza ceasefire talks, Brent dips to $89: Analysts peg near-term range at $85-95/bbl
Oil prices dipped for a second straight day on Tuesday, April 9, dragged by talks for a ceasefire in Gaza, however losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators met resistance in their search to find a way out of the...
6 months ago
Oil prices drop after high US crude stock offsets impact of Middle-East conflict; Brent at $89/bbl
Oil prices fell on Wednesday, April 10, after US government data showed earlier today that crude oil and fuel inventories rose by much more than expected on weak demand and lower oil exports. US crude stocks climbed by 5.8 million barrels in the week end...
6 months ago
Oil traders stay bullish as Brent hovers at $90: ‘Crude to stay elevated even if Middle-East tensions cool down’
The world’s top commodity traders and analysts are increasingly confident of a bullish oil market into the second half of the year after Brent crude prices pierced $90 per barrel for the first time in months. The elevation in crude prices comes after the...
6 months ago
Gold glitters over softer US PPI figures, geopolitical risks add to yellow metal's shine, silver down 0.3%
Gold prices traded higher on Thursday, April 11, after softer-than-expected US producer prices data boosted hopes for US interest rate cuts this year, while persistent geopolitical concerns added to the yellow metal's shine. Spot gold rose 0.3 per cent...
6 months ago
Oil settles 1% higher on Middle East crisis yet posts weekly loss on bearish demand outlook; Brent at $90/bbl
Oil prices rose around one per cent in the previous session on geopolitical tensions in the Middle East but posted a weekly loss over a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about delayed US inter...
5 months ago
Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war?
Iran's crude production has risen by more than 20 per cent over the past two years to 3.4 million barrels per day (bpd), which is 3.3 per cent of the total global oil supply. With the ongoing proxy conflict with Israel, analysts say that if the market we...
5 months ago
Oil trades near one-month low over demand concerns despite Iran-Israel war; Brent at $89/bbl
Oil prices slipped more than $1 on Wednesday, April 17, as US commercial inventories rose, while weaker economic data from China and dampened prospects of interest rate cuts stoked worries about the global demand. Analysts do not expect Iran's unpreceden...
5 months ago
Gold shines bright over high demand amid Middle-East tensions, silver up 0.5%
Gold prices surged on Thursday, April 18, as persistent geopolitical tensions in the Middle East added to the yellow metal's appeal despite robust economic data from the US that raised prospects of fewer interest rate cuts. In the Middle East, Israel has...
5 months ago
Oil recovers from 3-week low after US imposes sanctions on Venezuela, Iran; Brent at $87/bbl
Oil prices were broadly steady on Thursday, April 18, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices three per cent low...
5 months ago
Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl
Crude oil prices settled higher in the previous session, garnering support from tensions in the Middle East, but a stronger US dollar and US inflation data faded hopes that the US Federal Reserve would cut interest rates soon, limiting gains in crude pri...
5 months ago