Oil rises on strengthening Fed rate cut expectations
Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT, while U.S. West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43.
Stay updated with breaking news from Texas Intermediate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT, while U.S. West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43.
Domestic stocks saw a significant bounce back as confidence surged following the reconfirmation of the NDA's third consecutive term in government. Yashovardhan Khemka, Senior Manager of Research & Analytics at Abans Holdings, noted that in the short term, the market will likely stay fixated on government formation, particularly watching for key cabinet appointments in Finance, Defense, Roads, Energy, Commerce, and Railways.
Sensex Today | Stock Market LIVE Updates: BSE Midcap and Smallcap indices up 2 percent each. On the sectoral front, IT, capital goods, metal, oil & gas, power and realty up 1-4%.
NEW YORK/LONDON : World stocks hit an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves could take a while.ECB policymakers delivered their widely flagged quarter-point cut to 3.75 per
Stocks wobbled on Thursday ahead of the key nonfarm payroll report for May due out on Friday. Nvidia added to gains from Wednesday's session.