May 7, 2026 6:25 PM

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Global crude oil prices drop on prospects of US-Iran peace deal

Global crude oil prices extended declines today amid hopes that the United States and Iran were nearing a peace deal. Brent crude was trading 3.3% down at 97 US dollars and 88 cents per barrel, while West Texas Intermediate crude was also trading 3.7% lower at 91 US dollars and 53 cents per barrel w...

May 7, 2026 6:20 PM

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Asian markets edge up amid strong earnings and declining oil costs

Major Asian stock market indices edged higher today, tracking overnight gains on Wall Street after a drop in oil prices and strong corporate earnings boosted investor sentiment. Japan’s Nikkei 225 surged nearly 5.6% to close at a record high of 62,834 after briefly crossing the 63,000 mark during in...

May 7, 2026 6:16 PM

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Forex update: Indian rupee gains 36 paise against US dollar

In the forex market today, the rupee appreciated by 36 paise to close at 94 rupees and 24 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 97.89 in intraday trade.                                 ...