Oil prices edge lower on US-Iran war uncertainty; Brent at $95/bbl
US-Iran war: Brent crude futures declined 43 cents, or 0.45%, to $95.20 a barrel, while US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.26%, to $90.77 a barrel.
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US-Iran war: Brent crude futures declined 43 cents, or 0.45%, to $95.20 a barrel, while US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.26%, to $90.77 a barrel.
Oil prices took a minor dip on Thursday following a turbulent trading day. Investors are closely monitoring the repercussions of the US-Iran strikes on oil supply lines. Activity in the Strait of Hormuz is currently lower than average. This disruption fosters worries regarding global oil availability and possible price hikes as countries explore alternative sources…
Oil steadied after a three-day rally as President Donald Trump said renewed attacks on Iran would be short-lived, while US officials signaled robust energy flows through the Strait of Hormuz.
Indian stock indices Sensex and Nifty 50 are set to open higher on September 3, amid positive global cues, despite a previous session’s decline. Support and resistance levels are critical for market recovery, as analysts emphasize caution in trading strategies.
India’s track record of recovering dues based on personal guarantees for corporate loans has been dismal so far. This, along with the eye-popping sums involved, could explain why Subhash Chandra’s case is being watched so keenly.
Asian markets today: South Korea’s Kospi advanced 0.86%, while the small-cap Kosdaq declined 0.19%. Japan’s Nikkei 225 was largely unchanged, while the broader Topix gained 0.65%.
Buy or sell indicator: Vaishali Parekh recommends three stocks to buy today — Sammaan Capital, Arvind, and Wockhardt
U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for “too long”. He said U.S. forces had targeted Iran’s radar and missile systems.
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