Oil Prices Plummet on Eased US-Iran Tensions
Oil prices witnessed a significant decline on growing optimism that the US-Iran conflict might be de-escalating. This development has sparked hopes of a return to stability in the global energy markets.
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Oil prices witnessed a significant decline on growing optimism that the US-Iran conflict might be de-escalating. This development has sparked hopes of a return to stability in the global energy markets.
Comex gold futures sank to a new low, while silver prices declined sharply as investors remained cautious in the face of a firm dollar and rising inflation concerns.
Benchmark indices, Sensex and Nifty 50, witnessed sharp declines on May 29 amidst concerns over the US-Iran agreement and profit booking activity, indicating a volatile market landscape.
The Indian stock market is set to open lower with benchmark indices falling on profit-taking and rising crude oil prices. Nifty 50 faces immediate hurdles and support levels.