Brent crude futures jumped $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT and U.S. West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%.
Indian equity markets concluded last week with a third consecutive gain, driven by improving sentiment and sustained buying. Market expert Rajesh Palviya noted a strong
Oil prices surged over 6% on Monday. Tensions flared around the Strait of Hormuz after the U.S. and Iran traded accusations of ship targeting. President
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