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India recorded 199 cases of Covid-19 infections, slightly on the higher side than the previous day, while the active case load continues the downward streak, according to the data released daily by the Union Health Ministry, at 2,687. A total of 44,457,720 people were discharged, according to the ministry. Also, two deaths were reported - one each from Maharashtra and Uttarakhand., Health News, Times Now

Oil prices shed 1% in Thursday morning trading over American debt and the prospects for a historic default, despite gains on Wednesday driven by demand optimism in the U.S. market

Turkish President Recep Tayyip Erdogan has announced that the Black Sea Grain Initiative allowing for the export of Ukrainian grain through the country's Black Sea ports, has been extended for another two months

Crude oil prices have been on a losing streak for four consecutive weeks, and while sentiment remains negative for now, the OPEC cuts are likely to tighten oil markets later this year

The trend of decreasing Strategic Petroleum Reserve (SPR) continues for the seventh week, while U.S. crude oil production remains steady at 12.3 million bpd.