Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to hit every stage of Moscow’s oil…
The Indian equity market exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. After a subdued start, the Nifty 50 index remained range-bound for most of the week, showing signs of fatigue. Selective buying in key heavyweights across sectors kept the sentiment positive. In the first week of August, investors will…
Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures dropped…
