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TIGHTER SUPPLIES: Oil prices slip on global econmic slowdown fears

July 04, 2023

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The Business Guardian

Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts.

TIGHTER SUPPLIES: Oil prices slip on global econmic slowdown fears

Brent crude futures dropped 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT after settling up 0.8% on Friday. U.S. West Texas Intermediate crude was at $70.41 a barrel, down 23 cents, or 0.3%, after closing 1.1% higher in the previous session.

Brent fell for the fourth straight quarter by the end of June while WTI notched a second quarterly drop as the world’s top two economies, the U.S. and China, lost speed in the second quarter. Fears of a further slowdown hurting fuel demand grew after data on Friday showed U.S. inflation still outpacing the central bank’s 2% target and stoked expectations it would hike interest rates again.

المزيد من القصص من The Business Guardian

The Business Guardian

The Business Guardian

SEEDING START-UPS IN CLASSROOMS: DELHI'S BOLD NEW STEP IN EDUCATION

Delhi has introduced a groundbreaking school curriculum to nurture entrepreneurship from Class 8 onwards, preparing students to become innovators and leaders of tomorrow.

time to read

2 mins

September 25, 2025

The Business Guardian

Rs recovers 2 paise against US dollars

The rupee recovered 2 paise from its all-time closing low to settle at 88.71 (provisional) against the US dollar on Wednesday, as steep tariffs and H-1B visa related issues kept the domestic unit under pressure.

time to read

1 min

September 25, 2025

The Business Guardian

The Business Guardian

Report: Positive long-term outlook for Indian markets

Indian equity markets retain a positive long-term outlook, backed by a normal monsoon, sustained policy reforms, government capex, and the financialization of savings -- which continue to underpin India's growth trajectory, according to PL Wealth, the wealth management arm of PL Capital (Prabhudas Lilladher).

time to read

1 min

September 25, 2025

The Business Guardian

The Business Guardian

Pahang – The Heart of Malaysia Strengthens Tourism Ties with India Through Exclusive 2025 Roadshow

Tourism Pahang is set to deepen its engagement with the Indian travel industry through the highly anticipated Pahang Roadshow to India 2025, taking place on 24 September in New Delhi and 26 September in Chennai.

time to read

1 min

September 25, 2025

The Business Guardian

The Business Guardian

Youth loan growth slows to 6%

Growth in loan originations for younger consumers slowed to six per cent in the quarter ended June 2025, down from nine per cent in the same period last year, according to TransUnion CIBIL’s September 2025 Credit Market Report.

time to read

1 mins

September 25, 2025

The Business Guardian

The Business Guardian

Rahul Gandhi urges PM Modi for Comprehensive Punjab flood relief

Congress leader Rahul Gandhi on Monday again urged Prime Minister Narendra Modi to immediately announce a comprehensive relief package for Punjab following devastation caused by floods in the state.

time to read

1 mins

September 25, 2025

The Business Guardian

The Business Guardian

From textiles to trinkets: Journey through Jaipur's walled city

Jaipur, the capital of Rajasthan, is known worldwide as the Pink City for its distinct rosy-hued architecture and regal heritage.

time to read

4 mins

September 25, 2025

The Business Guardian

The Business Guardian

EC must respond to Rahul's vote theft claims: AAP

Aam Aadmi Party (AAP) Delhi President Saurabh Bharadwaj on Tuesday said that the Election Commission of India (ECI) is dutybound to respond to allegations of “vote chori” (vote theft) made by Congress leader Rahul Gandhi.

time to read

1 mins

September 25, 2025

The Business Guardian

The Business Guardian

Cabinet clears 78-day bonus for railway staff

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved payment of Productivity Linked Bonus (PLB) of 78 days for Rs 1865.68 crore to 10,91,146 railway employees, in recognition of the excellent performance by the railway staff.

time to read

2 mins

September 25, 2025

The Business Guardian

The Business Guardian

Court acquits Sirsa, 9 others in a protest at AIICC case

The Rouse Avenue court in Delhi has acquitted Delhi Minister Manjinder Singh Sirsa, Manjit Singh GK, and other accused in a 12-year-old case linked with the allegations of organising a protest outside the All India Congress Committee (AICC) against former Congress MP Sajjan Kumar.

time to read

1 min

September 25, 2025

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