Sunday, August 3, 2025

Oil prices may face further pressure amid OPEC+ supply glut: Seth R Freeman

Seth R Freeman of GlassRatner Advisory notes India's role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff announcements. He anticipates continued market volatility due to labor market adjustments, tariffs, and political news, especially with low summer trading volumes. An expected increase in global oil supply may further pressure prices, potentially leading to a price decline.

from Economic Times https://ift.tt/GhPKqzU

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Titagarh, Jupiter Wagons shares rally up to 10% amid reports of Rs 40,000 crore order from Indian Railways

Railway stocks surged up to 10% on Monday. Indian Railways is preparing a large tender for one lakh freight wagons. This procurement is expe...