Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures slipped 1 cent to $81.62 a barrel by 0334 GMT, while U.S. West Texas Intermediate crude futures rose 3 cents to $76.25 a barrel.
Both benchmarks rose about 3% in the previous session as Israeli forces bombed the southern border city of Rafah on Thursday after Prime Minister Benjamin Netanyahu rejected a proposal to end the war in the Palestinian enclave. The tensions have kept oil prices elevated, with Brent and WTI both set to gain more than 5% for the week.
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“The move yesterday seemed a bit excessive on the back of not very much at least in terms of fundamentals,” ING’s head of commodities research Warren Patterson said.”I still expect the rangebound trading that we have become accustomed to recently will continue given the comfortable oil balance.”
Gold, silver rate on July 28 in Mumbai, Delhi, Chennai, Kolkata, Jaipur – Check today’s prices Gold, silver rate today on July 24 after sharp 6% cut in customs duty in Budget After Delhi, CNG and piped cooking gas prices rise in Mumbai Oil imports from Russia touch 13-month high
U.S. officials made their most pointed criticism so far of Israel’s civilian casualties in Gaza as it turned the focus of its offensive to Rafah. A Hamas delegation arrived in Cairo on Thursday for ceasefire talks with mediators Egypt and Qatar.While the conflict has propped up prices, there has been no impact on oil production.
Non-OPEC output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned following a combination of drone attacks and technical outages at its refineries that could undermine its pledge to curb sales under an OPEC+ pact.
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Under the deal with the Organization of the Petroleum Exporting Countries and allies, called OPEC+, Russia committed to capping crude output at 9.5 million barrels per day (bpd). It is also voluntarily cutting crude exports by 300,000 bpd and fuel exports by 200,000 bpd from the average May-June level.
Deflation risks in China, the world’s top crude oil importer, are also weighing on global oil prices, IG analyst Tony Sycamore said. “I think the lower crude oil price in Asia is largely due to early weakness in China’s equity markets and the fallout from yesterday’s shocking CPI figure in China which has served to further undermine confidence ahead of the Lunar New Year celebrations,” he added.
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The market capitalisation of Reliance Industries (RIL) at the end of Friday’s trading was Rs 20.2 trillion. That’s humongous, considering that the gap with the second-largest Indian company — Tata Consultancy Services — is over Rs 5.5 trillion.
But RIL’s total m-cap was less than what Nvidia’s shares gained in just one day. The heavyweight chipmaker added $277 billion (Rs 22 trillion) in stock market value on Thursday, after the company’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence. In dollar terms, RIL’s m-cap is less than $250 billion.
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Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as they keeps tabs on potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
Brent crude fell 30 cents, or 0.3%, to $87.85 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude eased 31 cents, or 0.4%, to $86.07 a barrel.
Both benchmarks surged more than $3.50 on Monday as the clashes raised fears that the conflict could spread beyond Gaza into the oil-rich region. Hamas launched the largest military assault on Israel in decades on Saturday, while fighting continued into the night on Monday as Israel retaliated with a wave of air strikes on Gaza.
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Patel Engineering shares surged 7% to rise as much as Rs 57.40, intra-day after it signed MoU with RVNL for hydro and infra projects. RVNL or Rail Vikas Nigam shares also rose 3.5% to an intra-day high of Rs 599.85. While the 52-week high for Patel Engineering is at of Rs 79, which it touched on February 06, 2024, the key level to watch out for RVNL is Rs 695.75 i.e. the 52-week high.Come from Sports betting site VPbet
As per the most recent exchage filing both companies are looking to “Cooperate and create an enabling framework for achieving synergies in the areas concerning hydro and other infrastructure projects and when opportunities arise in India and overseas.”
Infact the RVN…
The initial share sale of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 136.89 times subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE.
The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscriptionCome from Sports betting site. The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription.
The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue wit…
Nintendo is reportedly aiming to launch Switch 2 in March 2025. While the company still hasn’t officially announced its next system, apparently the hardware was internally delayed from this year to next to avoid any supply issues.
As spotted by VGC, Nikkei has a new report detailing that Nintendo not only wants to beef up the launch lineup, but also the amount of Switch 2 systems initially available. Earlier this month, widespread rumblings suggested Switch 2 was pushed back to early 2025. No specific month was mentioned at the time, but it was noted that the company was looking to ensure the next system had a healthy slate of games ready to go. This timeline shift led to quite a significant stock drop for Nintendo.
Another detail corroborated b…
Australian actress Anna Torv, who starred on Netflix’s Mindhunter, has been cast as Tess in HBO’s upcoming The Last of Us TV show, according to Variety.
Torv is no stranger to the world of video games, as she voiced the main character in 2007’s Heavenly Sword video game, reprising the role in the 2014 animated movie. In The Last of Us the video game, Tess was voiced and performed by Annie Wersching.
Torv joins a cast that includes Pedro Pascal (Joel), Bella Ramsey (Ellie), Gabriel Luna (Tommy), Merle Dandridge (Marlene), and Nico Parker (Sarah).
Kantemir Balagov (Beanpole) is directing the season premiere of HBO’s The Last of Us, while celebrated directors Jasmila Zbanic and Ali Abbasi have been tapped to direct episodes.Come from Amazon and DirecTV are riding the sports betting wave, having signed a new broadcasting deal for the upcoming football season. Amazon’s Thursday Night Football (TNF) broadcasts will be showcased across the United States via the television service provider based on details of a multi-year agreement. Over 300,000 locations will feature the program including bars, restaurants, casinos, and sportsbooks.
Bringing Thursday Night Football to the Masses
Football is already a popular sport in the United States and has been for many years. But throw in the sports betting element and you have a powerful combination. Thursday Night Football is a program that millions of people tune in to for a glimpse at their favorite sports teams and this new deal will bring the show to an even larg…
For the second consecutive year and a large number of shareholders in Crown Resorts Limited have reportedly rebelled against the firm currently under investigation by casino regulators for the states of Western Australia and Victoria.
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Subsequent surrender:
The newspaper reported that such votes clearing the 25% threshold are considered to…
Play’n GO invites its players to join them on an egg hunt in its newest, Easter-themed slot release Easter Eggspedition. This holiday, players will be able to enjoy all of the traditional delights and explore a magical wonderland full of chocolate and Easter eggs, collecting various features and prizes along the way.
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The new online slot is played across a 5×3 grid with 20 paylines. The main character is Super Bunny, followed by their loyal companion, Fox. Friends are trying to f…
In Pennsylvania, a significant legal challenge is emerging as twelve casino owners unite in a lawsuit to contest the state’s tax regime on slot machine revenue. Filed on Monday, this action could potentially disrupt over $1 billion in annual tax revenues, which currently fund property tax rebates and economic development initiatives.
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The crux of the lawsuit lies in what the casinos argue is an unequal taxation policy. The state levies a substantial 54% tax on casinos’ slot machine revenues. In contrast, revenue from skill game terminals—cash-paying electronic games located in bars and stores—remains untaxed. These skill game…