Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Market Pulse: Key triggers to watch before the July 8 trading session
Indian investors will track the continuing attacks on tankers by Iranian forces, which are increasing concerns among shipowners. Oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, may remain on investors’ radar amid developments in crude markets. Also, the government has decided to exercise the entire green shoe option in the Cochin Shipyard Offer for Sale (OFS) after strong investor response on the first day. Further, US markets are trading higher as investors rotate away from artificial intelligence-linked stocks. Oil prices remain in focus after vessel attacks in the Persian Gulf, with potential supply concerns keeping crude markets under watch.
Morgan Stanley Warns of Global Oil Glut, Cuts Outlook on Hormuz
Morgan Stanley said it counted 35 oil and gas tankers exiting the Persian Gulf through the strait on Thursday - the first time the level returned to the 30-to-40 range typical before the conflict started in February.
Brent Slumps Below $75 As US-Iran Peace MoU Pushes Oil Close To Pre-War Levels
Markets are now shifting their focus from geopolitical risks to the pace at which oil exports and shipping activity can recover across the Persian Gulf.
Crude Oil Prices On June 18: Brent Continues Retreat To $78 After Trump Signs US-Iran Deal
Markets are now shifting their focus from geopolitical risks to the pace at which oil exports and shipping activity can recover across the Persian Gulf.
Stocks fall, oil rises on Hormuz tension flare-up
Equities dropped from all-time highs, and Brent crude jumped 5% to around $114, with the US and Iran exchanging fire in the Persian Gulf amid a flare-up of violence that also drew in the United Arab Emirates.