oil prices

At 11:55 a.m. GMT, Brent futures had dropped 48 cents, or 0.6%, to $86.63. Down 38 cents, or 0.5%, to $82.35, was the most active U.S. West Texas Intermediate contract.

The Iran-Israel conflict may have an effect on the Indian stock market, which might then cause panic selling and instability in the world's equity markets, which would have an effect on the price of bonds, gold, and oil…

The president of NS Trading, a division of Nissan Securities, Hiroyuki Kikukawa, has brought attention to growing worries regarding the world's oil supplies. 

At $85.99 a barrel, Brent crude futures for May saw a $1.39 decrease, or 1.59 percent, in value. April delivery US West Texas Intermediate futures, which settle on Wednesday, dropped $1.80, or 2.16 percent, to $81.67.

A day after reaching $85 a barrel for the first time since November, oil prices fell on Friday, March 16. However, due to increased demand from US refiners and the International Energy Agency's (IEA) 2024 oil demand…

On March 13, international crude oil prices increased by 2% as a result of attacks on Russian facilities by the Ukrainians, which raised concerns about supply interruptions.

US equities fell on Monday as traders awaited important inflation data that may provide hints about the US Federal Reserve's intentions to lower interest rates later in the year.

On Thursday, February 29, oil prices barely moved as US inflation data from January supported forecasts of a rate reduction in June.

A little decrease in oil prices was witnessed as there was conjecture that surprisingly strong inflation rates could delay the cutting of high interest rates, which have been impeding the expansion of the world's fuel demand.

The Organization of Petroleum Exporting Countries and its allies (OPEC+) decided to maintain its production policy on Friday, February 2, which led to a minor increase in oil prices.