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ISTANBUL Oil prices edged up on Monday as investors sought to take advantage of last week's declines, while a weaker US dollar supported demand.International benchmark Brent crude rose by 0.37%, trading at $66.58 per barrel at 10.32 a.m. local time (0732 GMT), up from $66.33 at the previous session's close.Similarly, US benchmark West Texas Intermediate (WTI) increased by about 0.26%, reaching $64.71 per barrel, compared to $64.54 in the prior session.Prices posted their sharpest weekly decline since March 2023 last week as geopolitical tensions in the Middle East eased. However,...

US stock futures jumped on Tuesday, while oil prices slumped amid hopes that a US-brokered ceasefire between Israel and Iran could lay the groundwork for a more permanent end to hostilities. Dow Jones Industrial Average futures (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) moved up roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the advance, up 1%. A relief rally is building amid hopes for a lasting end to a 12-day-old conflict that has spooked markets with its risks of squeezed oil supply and escalation...

Wall Street is closely watching escalating tensions in the Middle East after President Trump confirmed that the US launched a surprise strike on Iran’s nuclear sites late Saturday, marking the country’s official entry into the two-week-old conflict. Markets have held mostly steady in the aftermath of the escalation, although US stock futures fell across the board when trading opened Sunday evening. Additionally, bitcoin (BTC-USD) prices, often viewed as a barometer of risk appetite, dropped over 1.6% to trade around $100,500 a coin. WTI crude (CL=F) and Brent (BZ=F) futures jumped,...

KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst.At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday’s close of 4.2505/2565.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said there are fears of a wider conflagration in the region as the US announced “successful” airstrikes...

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...