Oil Surges
Explained: How a tanker crash near Strait of Hormuz impacts oil and India
The Strait of Hormuz is a narrow, 33-kilometre-wide maritime corridor between Oman and Iran but despite its size, it handles over 20 per cent of the world's oil supply
 "Explained: How a tanker crash near Strait of Hormuz impacts oil and India")
Market Today: TCS Q2 nos, NSE weekly options changes, Oil gains, Israel war
At 6:30 AM, GIFT Nifty Futures were trading 39 points lower at 25,079 levels, indicating a weak start for the Indian bourses.
 "Market Today: TCS Q2 nos, NSE weekly options changes, Oil gains, Israel war")
OPEC raises oil demand view in long term, says $14 trn of investment needed
Another decade or more of rising consumption would be a boost for OPEC, whose 13 members depend on oil income
 "OPEC raises oil demand view in long term, says $14 trn of investment needed")
Oil settles down $10 per barrel in largest daily drop since April 2020
Oil fell with global equities markets on fears the variant, could dampen economic growth and fuel demand
 "Oil settles down $10 per barrel in largest daily drop since April 2020")
OPEC+ panel recommends sticking to oil output plan, sources say
A OPEC+ ministerial panel has recommended that the oil producing group stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November
 "OPEC+ panel recommends sticking to oil output plan, sources say")
Oil surges 3%, at highest since 2015
Brent crude futures were trading $1.86 or 3 percent higher at $62.46 a barrel by 12:00 pm Eastern time
 "Oil surges 3%, at highest since 2015")
