oil prices

Brent crude futures were down $1.69, or 1.55 per cent, at $107.06 a barrel by 1128 GMT, while US West Texas Intermediate futures were down $2.6, or 2.46 per cent, at $103.23 a barrel

An overwhelming majority of 68 out of 72 economists polled by Reuters had forecast that the RBI will stand pat on its benchmark interest rates

Oil prices tumbled more than 6 per cent on Monday, raising hopes of a diplomatic solution to de-escalate the conflict surrounding the Strait of Hormuz

Morgan Stanley said it now models an implied global oil market surplus of 4.8 million barrels per day in 2027

US and Iranian officials were considering returning to Pakistan for further talks as early as the coming weekend. Pakistan’s army chief arrived in Tehran on Wednesday as a mediator

The US and Iran have agreed to a two-week ceasefire, subject to Iran’s agreement to pause its blockade of oil and gas supplies through the Strait of Hormuz

Brent crude was up 9 cents, or 0.14 per cent, at $65.33 a barrel by 0320 GMT. West Texas Intermediate for March rose 13 cents, to $60.75 a barrel

US West Texas Intermediate crude futures rose 44 cents, or 0.72 per cent, to $61.94, after rising 8.9 per cent and 7.7 per cent in the previous week

The two top oil consumers have recently renewed their trade war, imposing additional port fees on ships carrying cargo between them

OPEC+ has increased its oil output targets by more than 2.7 million bpd this year, equivalent to about 2.5 per cent of global demand