UNCOVERED: 46 - The Untold Story

Oil prices fall below $80 per barrel, while US stocks drift

Oil prices are sinking again, while the U.S. stock market drifts near its all-time high

AAP · Jun 16

Financials lift FTSE 100 as oil heads below 80 dollars

US President Donald Trump said the Strait of Hormuz would ‘completely open’ once Washington DC and Iran sign their peace agreement.

Evening Standard · Jun 16

Oil prices dip close to levels seen before Iran war on hopes over shipping route

The cost of benchmark Brent crude dropped as low as 79.61 dollars a barrel at one stage.

Evening Standard · Jun 16

Global shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ's rate hike

Global shares are mostly higher and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time before trimming early gains after the Bank of Japan raised its key interest rate to 1%

AAP · Jun 16

Cooling crude may ease inflation heat, give RBI room to stay on pause despite WPI surge: YES Bank

India's wholesale inflation is high, driven by fuel and manufacturing costs. However, falling global crude oil prices and a stable rupee offer potential relief. This could allow the Reserve Bank of India to postpone interest rate increases. The central bank is monitoring weather-related food inflation risks. A new Producer Price…

The Economic Times · Jun 16

NBFCs and private banks better positioned than PSU banks: Aman Chowhan

Aman Chowhan of Abakkus Asset Manager highlights crude oil as the dominant macro risk, potentially impacting corporate earnings by 100-200 bps in upcoming quarters. He favors defensive and structural themes like renewables, pharma, and domestic manufacturing, while remaining cautious on IT due to AI and valuation concerns.

The Economic Times · Jun 16

No runaway rally likely; markets to trade in broad range: Sameer Dalal

Equity markets face near-term unevenness due to global optimism tempered by domestic uncertainties like elevated crude prices and monsoon risks. Sameer Dalal of Natverlal & Sons Stockbrokers anticipates a rangebound Nifty between 23,000 and 24,500, advocating for a diversified portfolio tilted towards structural growth themes.

The Economic Times · Jun 16

US Stock Market: Energy stocks slide as oil prices tumble on US-Iran peace breakthrough

US energy stocks tumbled Monday as crude oil prices plunged following a breakthrough US-Iran agreement to end hostilities and stabilize global energy routes. The deal eased fears of Strait of Hormuz disruptions, leading to a sharp decline in oil prices and impacting major energy producers and refiners worldwide.

The Economic Times · Jun 16

Asian shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ rate hike

Asian shares are mostly higher and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time before trimming early gains after the Bank of Japan raised its key interest rate to 1%

The Independent UK · Jun 16

Petrol, Diesel prices today (June 16, 2026): Fuel rates remain unchanged across major Indian cities

Fuel prices held steady on June 16, 2026, providing relief after recent hikes. Global oil prices saw a rebound due to supply concerns and geopolitical tensions. Petrol prices vary across cities due to state taxes. Daily revisions align domestic rates with international markets. Consumers can track prices online.

The Economic Times · Jun 16