Oil Prices Drop Further: Brent Falls Over $4 To $96.48 Per Barrel, WTI Declines Over $3 To $88.82 Per Barrel
Global oil prices fell sharply, with Brent crude declining over $4 to $96.48 per barrel and WTI dropping over $3 to $88.82 per barrel. Both major benchmarks recorded simultaneous losses, reflecting a broad-based retreat in crude oil markets. The decline in Brent was notably steeper in absolute terms compared to WTI, though both benchmarks registered significant downward moves.
Brent Crude Prices Drop 3.8% To $96.89 A Barrel
India Cabinet Approves Proposal for Setting Up Chemical Parks
India HSBC PMI Services Dips to 53.1 in July; Manufacturing PMI Slips to 53.9
India's HSBC Composite PMI Eases to 54.3 in July, Down from 57.1 Previously
Indian Rupee Opens at 96.63 Against the Dollar vs Previous Close of 96.5725
India 10-Year Benchmark Government Bond Yield Rises to 6.86%
Red Sea Disruptions Drive Saudi Oil Shipping Costs Up 50%, Weighing on India's Crude Import Bill and Inflation Outlook
Government Approves Amazon and Flipkart to Create Export-Only Inventory, Relaxing FDI Rules to Boost India's Global Exports
Asian Equities Open in the Red as Wall Street Selloff, Earnings Pressure and Geopolitical Risks Weigh on Sentiment
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Market News by Category
Nippon Life India AMC Concall Update: Management Guidance on Expenses, SIF Launches, and DWS Joint Venture
Nippon Life India Asset Management's concall update outlined management guidance across strategic and financial parameters. The company is ready for SIF product launches with differentiated offerings and expects the DWS JV to draw more European capital to India. ESOP expenses for FY '27 are estimated at approximately INR 60 crores, while other expenses are projected to grow 18% to 20% over the next six to eight quarters due to technology and digital investments. The overall yield is expected to decline by 1 to 2 basis points year-on-year as equity AUM increases.
Canara Robeco AMC Outlines Yield Targets, Product Strategy, and Cost Discipline in Management Commentary
More Articles on Market News
S&P 500 Closes Lower by 91.58 Points, or 1.22 Percent, at 7,407.38
Nasdaq Composite Closes Lower by 544.72 Points, or 2.12%, at 25,146.18
Brent Crude Futures Settle at $100.69/bbl, Soaring $6.62 or 7.04%
U.S. Crude Oil Futures Surge 6.17% to Settle at $92.19 Per Barrel
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Today's Top Gainers
13,442.00
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1,271.00
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1,410.60
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11,130.00
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7,628.00
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3,161.40
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11,846.00
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