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Iraq Bulletin

Tag : oil prices

Business

India GDP grows 7.8% as Modi hails resilient economic growth

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The Ministry of Statistics and Programme Implementation put real gross domestic product at ₹81.36 lakh crore for the quarter. That compared with ₹75.46 lakh crore in the same period a year earlier. Nominal GDP reached ₹88.27 lakh crore, up 10.3% from ₹80 lakh crore. Real gross value added, another measure of economic activity, increased 8.2% to ₹73.82 lakh crore. Nominal...
Business

Oil prices rebound after Brent slides below $93

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Brent crude settled $2.22 lower on Monday at $92.17 a barrel, a decline of 2.35%. WTI dropped $2.05, also 2.35%, to close at $85.01 a barrel. The U.S. benchmark reached a one-week low during the session. The losses followed gains over the previous two weeks and came as traders absorbed new U.S. economic measures targeting Iran and entities maintaining business...
Business

Oil prices fall as Brent and WTI reach three-week lows again

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The latest slide followed a sharp Tuesday retreat that exceeded the 4% decline reported earlier in the session. Brent settled 5.3% lower at $79.36 a barrel, its first close below $80 since July 13. WTI settled 5.7% lower at $75.77. Both contracts reached their lowest closing levels in three weeks. The Tuesday losses extended Monday’s drop, when Brent fell 7%...
Business

Oil prices swing after Brent tops $90 on supply strains

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Oil prices surged on July 29, pushing Brent crude above $90 a barrel as renewed Middle East fighting and tighter U.S. inventories lifted global benchmarks. Brent futures settled at $90.74, up $6.65, or 7.9%. West Texas Intermediate gained $5.20, or 6.6%, to $84.46. Both contracts posted their strongest daily advances in several weeks. The contracts had already gained more than...
News

Trump cancels Iran strikes pending rapid nuclear deal

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WASHINGTON, D.C. / RankWire.AI / - President Donald Trump said the United States would cancel a planned attack on Iran if negotiators reached a rapid agreement. He said the proposed deal must reopen the Strait of Hormuz and address Iran’s nuclear activities. Trump also said Israel supported efforts to complete the arrangement. His announcement halted preparations for another round of...
Business

Brent crude jumps 9.6% to $83.30 amid Hormuz risks

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NEW YORK / RankWire.AI / – Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose $6.73, or 9.4%, to......
Business

Gold falls below $4,000 after oil prices jump

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NEW YORK / RankWire.AI / – Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold futures for August delivery......
Business

Brent crude rises to $74.16 as oil prices climb

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NEW YORK / RankWire.AI / – Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after the United States revoked......
Business

Dollar heads for weekly gain as yen nears 160 level

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Dollar heads for a weekly gain as the yen nears 160 per dollar, with Japan intervention data and rate gaps in global market focus....
Business

Bank of Korea keeps rate at 2.5% for seventh hold

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SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy meeting without a change, as policymakers weighed rising inflation pressure, weaker growth risks and heightened market volatility. The decision by the seven-member Monetary Policy Board......