US STOCKPILES
A tell-tale sign that China could be preparing for war
A notable parallel has been observed between Germany's pre-1939 invasion preparations and China's current actions, such as stockpiling resources. The focus on mineral hoarding signifies China's readiness for regional conflicts, echoing past wartime actions. Former US intelligence director Mike Studeman suggested this is part of Xi Jinping’s strategy to prepare for potential conflict.
Pakistan equips JF-17 jets with Ra'ad nuclear missiles, US report confirms
Recently analyzed photographs from the 2023 Pakistan Day Parade rehearsals have unveiled Pakistan's JF-17 Thunder Block II aircraft equipped with a Ra'ad air-launched cruise missile (ALCM), as confirmed by the Federation of American Scientists (FAS).
Oil prices inch up on large US crude stock draw
Brent crude oil futures climbed 16 cents, or 0.2%, to $85.60 a barrel by 0033 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $82.95 per barrel.
Oil inches higher on summer demand outlook
Oil prices rose on supply deficit forecasts and OPEC+ cuts amid global economic challenges. Traders are cautious about rising non-OPEC+ output. Monitoring includes China's oil demand, the Atlantic hurricane season, and the impact of Hurricane Beryl.
Oil prices slide on fears of slow US demand after surprise inventory build
Oil prices dropped due to rising U.S. stockpiles, affecting market sentiment. Brent crude traded at $84.17, and U.S. West Texas Intermediate at $80.58 per barrel. Escalating conflicts in Gaza, notably in Rafah, contribute to market uncertainties amidst concerns over weakening demand.
GIFT Nifty down 50 points; here's the trading setup for today's session
"Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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Oil edges lower after industry group reports jump in US stockpiles
Oil prices fell on surprise U.S. stockpile increase, with concerns over weak demand. The U.S. summer driving season and consumer confidence decline contributed to market worries, along with a stronger dollar. Brent crude dropped to $84.82 a barrel.
GIFT Nifty down 15 points; here's the trading setup for today's session
"We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
US and allies clash with Tehran and Moscow over Iranian nuclear programme at UN Security Council
The United States and key European allies clashed with Iran and Russia over Tehran's expanding nuclear program The US vowed to prevent a nuclear-armed Iran in a UN Security Council meeting. The US and its allies accused Iran of escalating nuclear activities beyond limits agreed upon in a 2015 deal. Iran and Russia defended Tehran's nuclear program oversight and blamed the US for sanctions.
Oil prices slip as rate hike worries come into focus
Crude oil futures slid on Friday due to higher interest rates in Asia and the U.S., with Brent futures at $85.60 and U.S. crude at $81.20. Japan's core consumer prices rose by 2.5% from last year.
Oil slips on US growth worries, ample crude supply
Oil prices fell as U.S. Federal Reserve maintained interest rates, impacting market sentiment. Concerns over supply disruptions and ceasefire negotiations in Gaza added volatility to the market.
Oil slips on dollar's strength from US jobs data
Oil prices slipped on Monday due to a stronger dollar and delayed interest rate cuts following strong U.S. jobs data. Developments in Iraq, including progress in oil export talks with the Kurdistan region, impacted market sentiment.
Oil slips for sixth consecutive day on big builds in US oil, fuel stocks
Oil prices decline as U.S. stockpiles rise, OPEC+ plans supply boost. EIA's upcoming report on stockpiles awaited for market impact.
Oil prices steady ahead of US stocks data, OPEC+ meeting
Both benchmarks are headed for monthly losses, with Brent futures on track for a decline of more than 5% from last month, while WTI was poised for a slide of over 3.5%.
Oil prices down on demand woes as markets await U.S crude stockpiles data
Oil prices down on Thursday as markets await U.S. crude oil stockpiles data. Brent futures at $83.52 a barrel, U.S. WIT crude at $79.19. API figures show inventory changes.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
Bad weather and war are straining the world’s wheat supply
The wheat futures have rebounded to touch the highest levels since the month of August. Extreme weather is expected to negatively impact the global supply of wheat.
Oil prices edge lower on rising US stockpiles
Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel.
Oil steadies on US crude inventories data
Oil prices were broadly level on Wednesday, after official numbers were released for U.S. crude stockpile and signs the OPEC+ producer group is unlikely to change its output policy at a technical meeting next week
Oil rebounds as U.S. crude, gasoline stockpile drops provide some support
Oil prices rebounded on Thursday after falling in the previous session as U.S. crude and gasoline inventory declines supported the market after signs the U.S. Federal Reserve may keep rates higher for longer crimped the outlook for future fuel demand.
Oil dips on profit taking after price crosses $85
Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel at 1234 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude for April fell 32 cents, or 0.4%, to $80.94.
Oil prices underpinned by US inventory data, attacks on Russian refineries
Brent futures rose 10 cents, or 0.12%, to $84.13 a barrel at 0115 GMT, while U.S. West Texas Intermediate (WTI) crude was up 7 cents, or 0.9%, at $79.79 per barrel.
Oil prices ease, US crude stock build fuels demand fears
Brent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124 GMT. U.S. West Texas Intermediate crude futures were down 30 cents, or 0.4%, to $78.24 a barrel.
China's rapidly expanding nuclear weapon stockpile remains opaque
Chinese military spokesmen have neither confirmed nor denied the expansion of the ICBM force, and the authors of the Bulletin of the Atomic Scientists chapter on China acknowledged the opacity of the PLARF: "Analyzing and estimating China's nuclear forces is a challenging endeavor, particularly given the relative lack of state-originating data and the tight control of messaging surrounding the country's nuclear arsenal and doctrine." Beijing has never officially revealed warhead numbers, and its opacity regarding its nuclear capability is legendary.
Oil prices rise on big draw in US crude stocks, China stimulus hopes
The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128 GMT. U.S. West Texas Intermediate crude climbed 22 cents, or 0.3%, to $75.31 a barrel.
UN names Gaza humanitarian relief coordinator after aid vote
Amid global outrage over a rising Gaza death toll in 11 weeks of war between Israel and Hamas and a worsening humanitarian crisis in the Palestinian enclave, the U.S. abstained to allow the 15-member council to adopt a resolution drafted by the United Arab Emirates.
Oil steady as market eyes Middle East tensions, higher US crude stockpiles
Brent crude futures dipped 3 cents to $90.10 a barrel at 0100 GMT, while U.S. West Texas Intermediate crude futures eased 3 cents at $85.36 a barrel.
Oil prices leap over $3 on US sanctions, tight stockpile forecasts
Brent futures rose $3.30 to $89.30 per barrel as of 1311 GMT. US West Texas Intermediate (WTI) crude gained $3.32 to $86.23 a barrel, after earlier breaking the $4 barrier.
Oil climbs as U.S. sanctions, stockpile forecasts, raise supply concerns
Brent futures rose 36 cents, or 0.4%, to $86.36 per barrel and U.S. West Texas Intermediate (WTI) crude gained 53 cents, or 0.6%, to $83.44 a barrel at 0052 GMT.
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