archivecrude oil

Oil prices have taken a breather after a sharp 21.74 per cent surge in Brent futures this month (June 2025), driven by geopolitical tensions in the Middle East. While Brent is currently trading at $75.6 per barrel, the possibility of prices testing $120 cannot be ruled out if the Iran-Israel conflict escalates. For India, a net oil importer, rising crude prices pose significant risks to the economy, currency, and markets. Here are three key risks India should watch as tensions simmer in the Middle East, along with insights into whether...

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...

Jun 16, 2025 3:19 PM ISTUS Stock Market Live: Ship Signal Jamming In Persian GulfNavigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, creating confusion in the shipping chokepoint as the fighting between Iran and Israel intensified. Starboard Maritime Intelligence and Bloomberg data showed vessels sailing impossibly straight lines in the region, zig-zagging across the water, or appearing onshore. The glitches — which have affected oil tankers, cargo ships, tugs and fishing boats among others since Friday —...

US Stock Market Highlights: US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the Nasdaq Composite declined 0.38% to 19,142.71. The Dow Jones Industrial Average shed 114.83 points, or 0.27%, ending at 42,677.24. Tech stocks, which had powered the market’s gains over the past six sessions, saw broad declines.US Stock Market Highlights:  US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the...

US Stock Market Highlights: The S&P 500 rose for a fourth consecutive session on Thursday (May 15), buoyed by easing trade tensions between the US and China after both sides agreed to temporarily cut tariff rates. A dip in Treasury yields also provided support to equities. The benchmark index gained 0.41% to close at 5,916.93. The Dow Jones Industrial Average climbed 271.69 points, or 0.65%, to finish at 42,322.75. In contrast, the Nasdaq Composite lagged, slipping 0.18% to end at 19,112.32.US Stock Market Highlights: The S&P 500 rose for a...

May 15, 2025 12:41 PM ISTUS Stock Market Live: US-Chinese Negotiators Meet For TalksUS and Chinese officials met for trade talks in South Korea on Thursday, just days after both sides met in Switzerland and agreed to pause some tariffs for 90 days. US Trade Representative Jamieson Greer sat down with China’s chief trade representative Li Chenggang in Jeju, South Korea, according to a South Korean official with knowledge of the matter. No other details have been provided yet and the US Embassy in Seoul didn’t immediately respond to a...

May 15, 2025 12:41 PM ISTUS Stock Market Live: US-Chinese Negotiators Meet For TalksUS and Chinese officials met for trade talks in South Korea on Thursday, just days after both sides met in Switzerland and agreed to pause some tariffs for 90 days. US Trade Representative Jamieson Greer sat down with China’s chief trade representative Li Chenggang in Jeju, South Korea, according to a South Korean official with knowledge of the matter. No other details have been provided yet and the US Embassy in Seoul didn’t immediately respond to a...