Oil Prices Rise as Markets Face Expected Lower Opening
Indian equity markets were expected to open lower after oil prices rose, according to NDTV’s live market update. Brent crude increased 3.9 per cent to $103.08 a barrel, while US West Texas Intermediate gained 1.8 per cent to $92.16. The supplied material provides no further market data or explanation for the moves.
Indian stock markets were expected to open in negative territory after a rise in oil prices, according to an NDTV market update. The report said Brent crude had risen 3.9 per cent to $103.08 a barrel. US West Texas Intermediate, or WTI, was reported to have gained 1.8 per cent to $92.16.
The figures were cited in an update covering the Sensex, Nifty and wider share-market activity. The supplied material does not state the expected opening levels for either Indian index or identify the factors behind the increase in crude prices. It also does not provide information about overnight trading in other markets, individual stocks or sectors, or the likely effect of higher oil prices on Indian companies and consumers.
The available report is limited to the forecast of a lower opening and the quoted moves in Brent and WTI. No further market reaction, analyst view or official comment is included.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.