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The Latest Breaking News from Oil

Gold price today: Gold rate crash to continue in June? All you need to know

Gold rate will remain sensitive to developments in West Asia, according to bullion exparts.

The Economic Times

Global Markets Watch: Tumbling tech darlings slam brakes on AI rally

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility.

The Economic Times

Tech falls hit AI rally as Mideast escalation lifts oil

A rout in tech stocks and renewed fighting in the Middle East have hit global shares, while Iran-Israel hostilities have also pushed up oil and the greenback.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

A double dip on the cards?

An economist is concerned about Thailand's potential dual deficit scenario, in which both the fiscal balance and current account move into deficit simultaneously.

Bangkok Post

Keep the Blockade of Iran in Place

The government of Iran is likely to experience real regime change, and to surrender unconditionally in two to four months.

Reason

Man’s Car Won’t Start After Oil Change At Dealership. Then Another Mechanic Checks—And Realizes It Was A Setup: ‘Isn’t Adding Up'

"The timing was a little too perfect."

Motor1

US, Iran appear far from peace deal 100 days since war began

Tensions rise as US and Iran struggle for an interim deal. Fresh attacks test a fragile ceasefire. Frozen Iranian assets and the Lebanon conflict stall negotiations. The Strait of Hormuz remains a focal point. Global oil prices spike, impacting voters ahead of midterm elections. Pakistan plays a mediating role.

The Economic Times

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7 OPEC+ nations announce second straight 188,000 bpd output increase for July

Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This decision follows a similar adjustment for June, as the group gradually eases voluntary supply cuts. The countries emphasized flexibility in managing supply based on market conditions and reaffirmed…

The Economic Times

OPEC+ increases production quotas for July

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of…

The Economic Times

Selling Short 1-Month Occidental Petroleum Put Options Is Still Working

Shorting Occidental puts has worked for the last 2 months, as seen in my last 2 Barchart OXY articles. This is even though oil and OXY stock have been volatile, but mostly flat. It makes sense to play this next month.

Barchart

Gas prices are dropping — but they're still high

Pain at the pump is easing with a possible Iran deal, but your summer travel is still going to cost you.

Axios

There are early signs of renewed labor market strength during Iran war

If energy disruptions pose less of a risk to jobs, the challenge for central banks shifts from managing stagflation risks to guarding against renewed price pressures.

Axios

The Energy Trade Is Bigger Than Oil Prices: 3 Stocks to Buy and 2 to Sell

U.S. rig counts are climbing for the first time in years. Here are three energy stocks to buy on the dip — and two names analysts say to avoid right now.

MarketBeat

Smart money move: Why Groww MF's equity chief is betting on multicap strategies

Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty…

The Economic Times

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MyLifeXP

Can Your Pillowcase Really Cause Acne and Hair Damage?

You can invest in expensive serums, luxury shampoos, and elaborate beauty routines, but if your pillowcase is neglected, it could be working against you. Every night, your pillow collects sweat, natural oils, dead skin cells, makeup residue, and even tiny particles from the environment. Over time, this creates a surface…

The Economic Times

OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks, prominent players such as Saudi Arabia are striving to align with demand.

The Economic Times

India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank exec

India's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is well-positioned to handle higher oil prices. Domestic demand remains robust, with positive indicators in car sales and mall footfalls. India's refining capabilities offer a buffer, mitigating the impact of crude…

France 24

Live: Israel reports missiles from Iran in first bombardment since fragile ceasefire

This liveblog is no longer being updated.

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The Independent UK

Ukraine-Russia war latest: Leaders to ramp up hypersonic missile defences after Zelensky’s No 10 visit

Sir Keir Starmer hosted Volodymyr Zelensky, Emmanuel Macron and Friedrich Merz for talks on support for Ukraine

The Economic Times

FIIs, weak global cues among 5 factors that could keep D-St under pressure this week

Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBI’s policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market…

The Economic Times

F&O Talk: Nifty may consolidate further; Sudeep Shah's strategy on TCS, HDFC Bank, Infosys

Indian stock markets, Sensex and Nifty, closed lower following the RBI's hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.

The National (Scotland)

'It's not about Peter Murrell': How the SNP are fighting to keep Stephen Flynn's seat

THE Scottish parliament elections may be done and dusted, but voters are not yet finished going to the polls ...

MyLifeXP

What PM Modi Discussed Behind Closed Doors Will Surprise You

While many economies are struggling with slowing growth, rising geopolitical tensions, and uncertain markets, India continues to stand out. Prime Minister Narendra Modi's recent meeting with the Economic Advisory Council wasn't just another policy discussion it was a deep dive into how India can maintain its growth momentum even as…

The Economic Times

As OPEC+ meets, Iran war hobbles power to shape oil market

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.

The Economic Times

LPG gas cylinder price hiked by Rs 29: Check domestic cylinder rates in Delhi, Mumbai, Kolkata, Chennai and other cities

LPG Price hike: Cooking gas cylinders have become costlier again. A 14.2-kg domestic LPG cylinder now costs ₹29 more across India. This is the second price hike in three months. Revised rates took effect on June 7. State-run oil companies implemented the increase. This impacts millions of households. Fuel retailers…

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