Oil prices today: Brent steady at $112 as Trump’s ultimatum, Iran threat keep markets on edge

[ad_1] Oil prices remained volatile on Monday as traders assessed escalating geopolitical tensions around the Strait of Hormuz. Brent crude hovered near $112 a barrel, while West Texas Intermediate traded close to $98, as markets reacted to a 48-hour final warning issued by Donald Trump.The WTI crude stood at $98.67 per barrel around 7:55 am […]

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Indian crude hits $137, up 93% since start of conflict

[ad_1] NEW DELHI: The cost of crude for Indian refiners has soared 93% since the conflict in the Gulf broke out on Feb 28 and hit $136.56 a barrel on Friday, eroding profits for domestic players ranging from IndianOil, HPCL and BPCL to Reliance Industries. Several countries, including the US, let retail prices rise in […]

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