As global geopolitical tensions escalate and crude oil prices edge higher, Kotak Mahindra Asset Management Company’s Managing Director Nilesh Shah has warned that any sharp spike in crude oil or disruption in supply could have a negative impact on Indian equity markets. “Indian equity and rates market is like a man having average temperature as…
Crude oil futures continued to trade in the green, despite global volatility and some profit booking abroad. July crude oil futures on the Multi Commodity Exchange (MCX) were trading at Rs 6,324 per barrel, up Rs 25 or 0.4 per cent from the previous close. Meanwhile, on the COMEX, US crude contracts hovered at $74.54…
Crude oil futures fell more than 4% in early trading on Wall Street on Monday, following reports that Iran is seeking to cease hostilities with Israel and reinstate nuclear discussions. West Texas Intermediate (WTI) crude oil for July delivery declined by $3.30, or 4.52%, to $69.68 per barrel. Brent crude, the global benchmark, dropped by…