Brent Crude & Straits Times Index

Brent Crude: Brent Crude prices fell significantly after the US and Iran signed an interim agreement, signaling increased oil supply and easing concerns about the Strait of Hormuz closure.

Straits Times Index: Singapore's STI Index advanced, reflecting positive sentiment in its regional market.

Brent Crude: Surged from around $88 to above $98 per barrel due to geopolitical tensions, raising inflation concerns.

Straits Times Index: Fell 0.19% to 5,498.

Brent Crude: Brent Crude prices continued their downward trend, trading at USD 70.54 per barrel, which supported overall positive market sentiment for equity indices.

Straits Times Index: Singapore's Straits Times index gained 1.07%, indicating a positive performance.

Brent Crude: Sustained strength in Brent Crude>>> prices, hovering near the high-USD 90 per barrel range, is a key monitorable for domestic markets in India>>> and could keep pressure on inflation expectations and the import bill.

Straits Times Index: Straits Times Index>>> slipped 69.83 points, or 1.36%, reflecting weak regional sentiment across Asia.

Brent Crude: Brent Crude futures experienced significant fluctuations, falling sharply on news of the ceasefire and reopening of the Strait of Hormuz, reflecting market expectations of increased oil supply and stabilized prices.

Straits Times Index: Singapore's Straits Times Index advanced, reflecting positive sentiment in Asian markets.