Latest news with #IntercontinentalExchange
News18
a day ago
- Business
- News18
Crude Oil Down 2% On Uncertainty Over US Role In Israel-Iran Tensions
Last Updated: Oil prices dipped on Friday as traders awaited the U.S. decision on involvement in the Israel-Iran conflict Crude Oil Prices: Oil prices softened on Friday as traders awaited a decision from the United States regarding its potential involvement in the ongoing Israel-Iran conflict. At 11:08 am, the Brent August contract on the Intercontinental Exchange was trading at $77.20 per barrel, over 2% lower than its previous close. White House Press Secretary Karoline Leavitt, quoting US President Donald Trump, said: 'Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks." This statement is being viewed as a pressure tactic to nudge Iran toward negotiations. Market watchers pointed out that Trump has employed similar two-week deadlines for major decisions in the past, many of which passed without any significant action. As a result, crude oil prices tend to remain elevated during such periods of strategic ambiguity. Meanwhile, Iran has issued a warning against any US intervention, stating that such a move would trigger further escalation in West Asia — a region critical to global crude oil supply. Iran, a key member of the OPEC (Organization of the Petroleum Exporting Countries), is the third-largest oil producer within the bloc, producing around 3.3 million barrels of crude oil per day. Media reports indicated that the country continues to export crude oil, with current weekly loadings at around 2.2 million barrels per day. 'Crude oil remains highly volatile, with prices reacting sharply to developments and statements related to the Israel-Iran conflict," said Rahul Kalantri, Vice President for Commodities at Mehta Equities. 'Yesterday, we saw a sharp jump in crude oil prices… but this morning we are seeing a dip after the White House stated that President Trump will decide on Iran in two weeks, calming immediate fears of escalation." Despite the temporary pullback, Kalantri noted that crude is poised for a third consecutive weekly gain. Supply Disruptions Still a Concern 'The markets remain jittery as risks of supply disruptions from Iran and broader conflict escalation loom large. Geopolitical tensions and supply fears continue to support oil prices despite temporary pullbacks," Kalantri added. Sriram Iyer, Senior Research Analyst at Reliance Securities, echoed a similar sentiment, highlighting that intensifying hostilities in West Asia continue to fuel fears of regional supply disruptions, potentially limiting any sharp downside in oil prices. As of Wednesday, the Indian crude oil basket — the average price at which Indian refiners import crude — stood at $75.91 per barrel. The average price for June so far is $68.58 per barrel, up from $64.04 in May. About the Author Location : New Delhi, India, India First Published: June 20, 2025, 12:16 IST News business » economy Crude Oil Down 2% On Uncertainty Over US Role In Israel-Iran Tensions
Mint
a day ago
- Business
- Mint
Brent down 2% on uncertainty over US participation in Israel-Iran conflict
New Delhi: Oil prices eased on Friday morning as traders awaited the decision of the US over its participation in the Israel-Iran conflict. The Brent August contract on the Intercontinental Exchange traded at $77.20 per barrel at 10.08 am, over 2% lower than its previous close. The White House said on Thursday that President Donald Trump will decide whether or not the US gets directly involved in the Iran-Israel conflict within the next two weeks. 'Crude oil remains highly volatile, with prices reacting sharply to developments and statements related to the Israel-Iran conflict,' said Rahul Kalantri, vice president for commodities at Mehta Equities. 'Yesterday, we saw a sharp jump in crude oil prices… but this morning we are seeing a dip in prices after the White House stated that President Trump will decide on Iran in two weeks, calming immediate fears of escalation.' Still, oil is set for a third consecutive weekly gain, Kalantri added. "The markets remain jittery as risks of supply disruptions from Iran and broader conflict escalation loom large. Geopolitical tensions and supply fears continue to support oil prices despite temporary pullbacks," he said. Sriram Iyer, senior research analyst at Reliance Securities, noted that escalating hostilities in West Asia continued to fuel fears of regional supply disruptions and could cap any downside. The India crude basket, which represents the price at which Indian refiners import oil, stood at $75.91 per barrel on Wednesday. The average price in June stands at $68.58 a barrel, compared with $64.04 in May.
Mint
2 days ago
- Business
- Mint
Oil prices tad down amid uncertainty over US involvement in Israel-Iran conflict, stronger dollar
New Delhi: Global crude prices were trading marginally lower on Thursday morning amid a stronger dollar and uncertainty over the involvement of the US in the Israel-Iran conflict. At 10.55 am, the August contract of Brent in the Intercontinental Exchange was trading at $76.61, 0.12% lower from its previous close but higher than the session's low of $75.78 per barrel. Mixed signals from US President Donald Trump over the direct participation of the US in the ongoing war in West Asia are keeping traders on their toes, experts said. After indicating through social media platforms on Tuesday that the US intends to join Israel in its conflict against Iran, Trump on Wednesday said the US may or may not join the war. According to a Sky News report, Trump told reporters: 'I may do it. I may not do it… Nobody knows what I'm going to do… Iran's got a lot of trouble, and they want to negotiate.' Sriram Iyer, senior research analyst at Reliance Securities, said 'international crude prices started weaker on Thursday morning trading in Asia as markets awaited clarity on potential US involvement in the Israel-Iran conflict'. Rahul Kalantri, vice president for commodities at Mehta Equities, said earlier gains had been reversed as traders awaited clarity on whether the US will join Israel in striking Iran. 'The ongoing conflict, now in its seventh day, continues to elevate risks. Despite the pullback, crude remains near five-month highs. Meanwhile, the Fed (US Federal Reserve) held rates steady and projected slower growth with elevated inflation for 2025, adding a potential tailwind for oil demand through improved growth prospects,' said Kalantri. US Federal Reserve officials, however, have left the door open to cutting interest rates in the second half of the year, according to a Wall Street Journal report. On Wednesday, crude oil prices remained elevated for a sixth consecutive day, moving close to a five-month high as traders worried about potential disruptions to Iran's crude oil exports amid the escalating Israel-Iran conflict.
Yahoo
3 days ago
- Business
- Yahoo
Intercontinental Exchange Reports 13% Rise in May Average Daily Volume
Intercontinental Exchange, Inc. (NYSE:ICE) is among the . The company recently reported a strong 13% year-over-year rise in its average daily volume for May. Open interest also hit a record high, increasing 8% to 104.6 million contracts. A team of mortgage originators using a closing solution platform for quick and accurate mortgage processing. Notable gains came from the Energy and Sugar markets, with daily volumes up 10% and 8%, respectively. The Financials segment stood out with a 21% jump in average daily volume, highlighting ICE's broad-based momentum across its trading platforms. Intercontinental Exchange, Inc. (NYSE:ICE) is a strong dividend payer, having raised its payouts for 12 consecutive years. In the past five years, the company has grown its dividend by over 10%. It pays a quarterly dividend of $0.45 per share and has a dividend yield of 1.08%, as of June 14. Intercontinental Exchange, Inc. (NYSE:ICE) develops and runs digital platforms that link people to opportunities. It offers financial technology and data services across key asset classes, helping clients improve transparency and streamline essential workflows. While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Intercontinental Exchange Announces the Launch of its First Futures Contracts
Intercontinental Exchange, Inc. (NYSE:ICE) is one of the 11 Best Financial Services Stocks to Buy Right Now. It has strategically expanded into essential minerals within its energy and environmental markets by launching its first futures contracts based on battery materials. A team of mortgage originators using a closing solution platform for quick and accurate mortgage processing. These markets are already known as the most liquid trading locations for such products. The action is intended to assist clients in managing changing trade flows and geopolitical risks in the critical mineral market. Intercontinental Exchange, Inc. (NYSE:ICE)'s response to the increasing requirements of energy sector participants who are dealing with greater complexity is reflected in the launch of battery materials futures. Its Global Head of Oil Markets, Jeff Barbuto, noted how these contracts assist clients in controlling their exposure to the changing dynamics of mineral supply chains. Intercontinental Exchange, Inc. (NYSE:ICE) intends to increase battery material liquidity in addition to its well-established clearing platform and energy derivatives. This project is in line with more general developments in the shift to clean energy, where the need for vital minerals like cobalt and lithium is changing the way commodities are traded internationally. While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Sign in to access your portfolio
