Tag: oil drops
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Nasdaq sets record high on AI optimism, oil drops below $100
NEW YORK, Sept 22 : The tech-heavy Nasdaq hit an intraday record high for the first time since June on Tuesday, while oil prices hit two-week lows as supply showed signs of improving in the Middle East.Tech stocks reclaimed the spotlight as AI demand showed no signs of abating and corporate earnings stayed r
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World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results
Aug 26 : Global stocks edged up and weaker oil prices pushed bond yields lower on Wednesday on hopes that the vital Strait of Hormuz could soon reopen, while investors awaited U.S. inflation data and another pivotal earnings report from AI heavyweight Nvidia.Iran and Oman said they had discussed “a joint temp
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Oil drops on lower demand forecasts despite deadlock in US-Iran talks
BEIJING, Aug 13 : Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5 per cent,
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