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Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists' forecasts of 90,000. The S
September 2026 was a challenging month for equity mutual funds, with all four major categories seeing declines. But a look beyond the monthly numbers reveals a different picture, with notable differences in how large-, mid-, small-, and flexi-cap categories have performed over longer periods.
NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty
Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers has been admitted by the NCLT. The petition was filed due to a claimed default of 68.49 crore, which dates back to September 2023. Unity Realty is a corporate guarantor for financial facilities availed by Unity Infraprojects, which faced financial difficulties leading to the current situation.
Switching to an electric vehicle: What you need to know about ev insurance
EVs rely on expensive components such as high-voltage battery packs, electric motors and sophisticated electronic systems. Repairs involving these components may require trained technicians, specialised tools and dedicated facilities, potentially increasing the cost of a claim
Bagchi's big test at HDFC is winning back trust
All Saturdays declared bank holidays? PIB Fact Check debunks fake notification
The clarification comes shortly after bank unions deferred a three-day nationwide strike that was scheduled to take place from September 28 to 30
Fed officials give hints on rate decision as markets cut October rate hike odds
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds, though persistent inflation and upcoming consumer price data could shape the Federal Reserve
NBFCs first stop for many new borrowers
FPIs Pull Rs 35,860 Crore from Indian Equities in September
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
Fuel inflation can affect household budgets differently, depending on the fuel used for cooking and commuting. The latest Finance Ministry report shows how inflation in LPG, PNG, petrol, diesel, and CNG has changed over the last few months. Heres what the numbers mean for your expenses.
A chapter outlines step-by-step procedures to compute total tax liabilities using the new tax regime, deliberately omitting references to the old tax regime.
FPIs turn net sellers, pull out 35,860 crore in September
The outflows came after FPIs invested 20,200 crore in Indian equities in July and 29,630 crore in August
Swiggy 'cost for two' misleading? What Delhi consumer court's 1 lakh order means for diners
A Delhi consumer court directed Swiggy and a restaurant to pay 1 lakh as compensation over unfair trade practices. The order was passed by a three-member bench as per LiveLaw.
Gold, silver, equity and debt ETFs do not face the same tax treatment when you sell. The holding period, type of ETF and size of gains can affect how much tax you pay. Heres a look at the key rules and how the tax maths works for each category.
International mutual funds are again seeing investment restrictions change within days. While lump-sum investment options remain limited, some funds continue to accept SIPs, subject to specific conditions. Heres what has changed and why these funds keep opening and closing.
Anup Saha to take over as Kotak Mahindra Bank MD and CEO in 2027
Anup Saha, currently a Wholetime Director at Kotak Mahindra Bank, has been appointed as the new Managing Director and Chief Executive Officer for a three-year term, effective January 1, 2027, with the Reserve Bank of India's approval.
The case highlights the importance of establishing ownership and the source of cash or foreign currency found during an income tax search through credible, corroborated evidence.
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to the positive market sentiment. Notable gains were observed in semiconductor stocks, with Nvidia reaching an intraday record high. Nike's shares fell due to forecasts of a significant revenue decline linked to challenges in China.
UPI Volume Jumps 27%, New MDR Rules Take Effect
UPI transactions saw a 27% volume increase and 20% value increase in the first half of the current fiscal year. Despite a slight moderation in September, the digital payment system is set to implement a 0.4% merchant discount rate on transactions over Rs 2,000, aiming for a sustainable revenue model. Small merchants and person-to-person payments remain exempt, and UPI's global presence continues to expand.
Nifty 50 Equal Weight Index Funds give investors balanced exposure across large-cap stocks. But with all funds in the red over the past year, should you invest or not? A simple indicator may help investors assess which strategy could suit the current phase.
Saroj Poddar Group, Keventer launch real estate-focussed AIF, target 400 crore corpus
The category II Alternative Investment Fund, the first AIF launched by a real estate developer from West Bengal, is expandable to 600 crore through a 200 crore greenshoe option
Sleepless on Wall Street: All-night stock exchanges coming soon
US equity exchanges will begin extended trading hours with an overnight session from 9 p.m. to 4 a.m. starting December 6. The changes aim to cater to growing foreign investor interest and compete with crypto markets. However, concerns about market liquidity and increased risks during these hours are prevalent among institutional investors. Pre-existing trading volumes suggest that institutional participation during night hours may be limited.
Bets on US Federal Reserve rate hike in October fall as job market cools
Last month, the US economy added only 29,000 jobs, significantly below the economists
Nike's struggles test investor confidence in CEO Hill's turnaround effort
Nike has faced significant challenges under Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild relationships with retailers and focus on sports products, revenue continues to decline. The company announced job cuts and projected further declines in sales and profit for the upcoming fiscal year. Nike is also contending with performance issues in its markets, particularly in China.
Bank of Baroda enters pension fund business as PFRDA targets 4 crore new NPS subscribers
Bank of Baroda enters the pension fund business as PFRDA targets up to 4 crore new NPS subscribers in the next two to three years.
The biggest mutual funds by AUM do not necessarily deliver similar performance against their benchmarks. A comparison of their 1-, 3-, and 5-year CAGR shows how different schemes have fared across these periods. Heres what the numbers reveal for investors.
The Income-tax Appellate Tribunal rejects the tax department's attempt to withhold statutory interest.
Cheaper, fresh-issue IPOs deliver stronger gains for investors who hold on
Low-P/E IPOs delivered strong post-listing gains, while expensive issues saw returns front-loaded at listing
Meet Sudhakar Malli, RBI's new Executive Director and banking supervision veteran
Malli is a career central banker with around three decades of experience, including more than two and a half decades in the supervision of banks, non-banking financial companies and co-operative banks.
Branch boy to CEO: Who is ICICI Lifes Mishra?
NPS Retirement Income Scheme: How payouts work, what happens to annuity and where corpus is invested
The Retirement Income Scheme allows NPS subscribers to receive regular payouts from the designated portion of their corpus. Check how the payouts will work, what happens to the mandatory annuity portion, and how the corpus will be invested.
ICICI Life Insurance appoints Sidharatha Mishra as MD, CEO from October 14 - Who is he?
ICICI Life Insurance Company on Friday ( 2 October) appointed Sidharatha Mishra as managing director and CEO effective October 14, according to exchange filing.
ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO as Anup Bagchi joins HDFC Bank
ICICI Life Insurance Company on Friday appointed Sidharatha Mishra as managing director and CEO, effective October 14. The appointment comes after current CEO Anup Bagchi resigned from the company, with his resignation taking effect on October 13. Mishra will succeed Bagchi as head of the life insurance company.
Global equity funds draw $34.76 billion, log second straight week of inflows
Global equity funds attracted $34.76 billion in the week through September 30, marking a second straight week of inflows as optimism around AI investment and softer US inflation pushed up investor demand for stocks despite rising bond. US, European and Asian equity funds all saw inflows, while emerging-market equity funds posted outflows for a fourth consecutive week.
FPIs turn net sellers, pull out Rs 35,860 cr in Sep
In September, foreign portfolio investors shed a staggering Rs 35,860 crore from Indian equities, driven by global uncertainties and rising US interest rates. This selling trend persisted into October with an outflow of Rs 9,232 crore. This selling follows significant investments of Rs 49,830 crore made in July and August.
French 10-year risk premium soars to highest since late 2011
Recent trends show that French 10-year government bond yields are climbing higher against German counterparts, illustrating concerns regarding France's fiscal stability and political landscape ahead of the 2027 presidential elections. Despite efforts to reduce spending through a budget bill, the expected relief for French bonds has been minimal. As inflation and energy costs rise, investors flock towards the safety of German debt, indicating a heightened caution towards lending to France.
Keventer, Saroj Poddar groups launch Rs 400-cr real estate debt fund
Keventer Group and Saroj Poddar Group proudly unveil a Rs 400-crore investment fund tailored for real estate ventures. This fund implements a secured debt financing approach, focusing its efforts on projects within the Delhi-NCR and West Bengal regions. The enthusiastic sponsors, having pledged Rs 80 crore, are optimistic about the fund's prospects, which aims for a substantial gross internal rate of return between 18 and 22 percent.
World shares mixed after global bond sell-off deepens, ahead of U.S. jobs data
Oil prices declined even as the U.S. sent another aircraft carrier and more troops to the West Asia, and as President Donald Trump threatened more possible escalations against Iran.
HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say
HSBC has appointed Paras Jain as the global head of TMT investment banking, with a start date in November. Jain previously worked at Cantor Fitzgerald, where he built its technology investment banking group. This hiring coincides with HSBC's strategy to focus on financing areas with greater competitive strength. The bank aims to expand its market share in Asia and the Middle East's tech sectors.
Office leasing at record 66.4 mn sq ft in Jan-Sep across top 9 cities, driven by GCCs: CBRE
Leasing of office spaces in nine major Indian cities during January-September 2026 reached 66.4 million square feet. This represents an 8 percent year-on-year increase in demand for these spaces. Global Capability Centres have significantly contributed to this growth, leasing 28 million square feet in total. The overall absorption during the July-September quarter was 21 million square feet, reflecting a 6 percent rise.
ESOPs do not attract tax liabilities immediately after being granted to an employee as part of their compensation package. Here's when you should report them in your ITR.
Starting October 1, new financial rules affect payments, savings, and budgeting. UPI MDR charges commence on October 15 for certain transactions. SBI alters BSBD account fees and KYC becomes mandatory for LPG consumers.
Andhra Pradesh commercial tax collections rise 18 pc to Rs 30,436 cr in H1
Andhra Pradeshs commercial tax collections rose 18% year-on-year to Rs 30,435.98 crore during April-September 2026, with September recording the highest monthly collection so far. Net GST collections increased 18% to Rs 19,635.49 crore in the first half of FY 2026-27, while September net GST rose 14.10%. The state attributed the growth to stronger compliance, enforcement, economic activity and technology-led tax monitoring.
ET Alpha Wealth Summit 2.0: Decoding the new investment landscape and shift in smart money
Transformations in the global economy are reshaping how investors allocate capital and devise strategies. Geopolitical conflicts and tech rivalries are challenging conventional wisdom, leading to heightened interest in markets such as India, Southeast Asia, and the Gulf states. Strategic investments in infrastructure and commodities have gained importance. The upcoming ET Alpha Wealth Summit aims to delve into these transformative investment trends.
Railways To Phase Out ICF Coaches By FY28
Roughly 340-350 such rakes remain to be converted out of around 2,000 rakes.
Government procurement from MSEs hits 48,635 crore in H1 FY27, H2 seen stronger
MSEs accounted for 53% of central government procurement in H1 FY27, well above the 25% mandate, with industry expecting procurement to pick up in the second half.
European shares edge higher after bonds-driven selloff, focus on inflation data
Following a sharp selloff, European stocks made a modest recovery, influenced by recent shifts in the bond market. Investors are keeping a close eye on upcoming euro zone inflation data that could steer monetary policy. Additionally, the US nonfarm payrolls figures are eagerly awaited, with estimates suggesting an increase of 90,000 jobs for September.
Inox Air Products files draft papers for initial offer
INOX Air Products, an integrated industrial, medical, electronic and specialty gases company, has filed DRHP with Sebi for launching an IPO.
Carlsberg India unit, 3 other firms get Sebi nod to proceed with IPO plans
Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues.
Sept IPO Fundraising Highest In CY26
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
Indias retail leasing map shifts: Delhi NCR leads in Q3, Hyderabad gains on Mumbai
India's retail real estate market saw strong demand in Q3 2026, led by Delhi NCR, Hyderabad, and Mumbai, which accounted for 61% of gross leasing volume. Fashion and Food & Beverage dominated leasing activities, while future Grade A mall supply is expected to enhance retail space availability.
Bitcoin leads crypto market rebound above $85K as short liquidations accelerate
Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and cryptos next move.
Factories Pull Back on New Investments in FY25, Employment Hits Record High
Indian factories saw an 8 per cent decline in gross fixed capital formation (GFCF) in FY25, marking the first drop since the pandemic, despite achieving record high employment generation, according to the latest Annual Survey of Industries (ASI) data.
With the Fed entering a tightening cycle, India faces a tougher monetary policy trade-off as the rupee remains under pressure and inflation shows signs of broadening. Ankita Pathak of Ionic Asset says RBIs policy flexibility could narrow, while elevated US yields and a stronger dollar may weigh on Indian equities and capital flows.
ICICI Prudential Mutual Fund launched its new Contra Fund, open for subscription until October 12. The scheme follows a contrarian strategy, investing in out-of-favour companies with turnaround potential. Experts stress research, patience and a long-term horizon, while cautioning that contra funds can underperform for extended periods as market sentiment shifts.
Gold steadies before US payrolls data, set for second weekly loss
Spot gold down over 2% so far this week; US gold futures rose 0.4% to $4,218.60
Anup Saha has been appointed CEO of Kotak Mahindra Bank for a three-year term starting January 1. He succeeds Ashok Vaswani, stepping down for personal reasons. Saha has over 30 years of experience, including a significant tenure at ICICI Bank, highlighting its role in producing banking leaders.
360 ONE Capital Research has picked eight stocks for October, including Coal India, NTPC and ITC, with Buy ratings and target prices, citing earnings prospects and growth drivers.Coal India, NTPC among 360 ONE Capital Researchs 8 stock picks for October. Check full list with target prices
GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.
The Telangana Cabinet has approved the release of two pending DA instalments for employees and pensioners, adding 2,500 crore annually to the state's financial burden. Details here.
Small car sales revive on back of GST relief
A year after GST rates were rationalised, retail growth in automobiles has sustained beyond the initial festival surge, led by two-wheelers and passenger vehicles (PVs), with the Fada data showing rural markets emerging as a key driver of the post-GST demand recovery.
Global Markets | Japan's Nikkei retreats from 6-week high as investors lock in gains
Japanese rubber futures saw a minor decline amid a slight pullback in Tokyo equities, yet they continue to show prospects for growth. The Osaka Exchange's rubber contract dropped due to concerns over interest rates and geopolitical instability. With natural rubber production declining alongside consumption, the market faces ongoing supply challenges.
Bajaj Finance to raise Rs 17,500 cr via QIP, pref issue
Bajaj Finance plans to raise up to Rs 17,500 crore through a Rs 11,700-crore QIP and Rs 5,800 crore warrant issue to promoter Bajaj Finserv. The fundraising requires shareholder approval; institutional investors will receive QIP shares while promoter warrants could help maintain Bajaj Finservs stake and limit dilution.
'Not Consulted On Tata Sons Recast Proposal'
Tata Trusts Vice-Chairmen Venu Srinivasan and Vijay Singh challenge a proposed reorganisation of Tata Sons, alleging a lack of trustee consultation and raising concerns about its regulatory and financial implications.
Bagchis appointment as HDFC Banks MD reflects RBIs preference for external candidates
Anup Bagchis appointment as HDFC Bank CEO adds to a recent string of external candidates chosen to lead private banks, as RBI weighs continuity, independence and fresh perspectives.
anup bagchi hdfc bank ceo rbi private bank ceos
Anup Bagchis appointment as HDFC Bank CEO adds to a recent string of external candidates chosen to lead private banks, as RBI weighs continuity, independence and fresh perspectives.
Midcap mutual funds: 3 top performers and 3 laggards SIP investors should know
Over two years, HSBC Midcap Fund delivered the highest SIP return at 17.5%, followed by WhiteOak and ICICI Prudential. The midcap category averaged 7.85%, while monthly SIP flows rose 37%.
Rs 15,000 SIP made investors crorepatis in 15 years: These 30 mutual funds struck gold
A Rs 15,000 monthly SIP grew to more than Rs 1 crore over 15 years in 30 of 138 equity mutual fund schemes analysed. Small-cap and mid-cap funds dominated the list, but experts caution that past returns cannot be treated as forecasts and stress diversification, consistency and scheme selection.
Import Tax Fuels 18.1% Rise in India's September GST Revenue
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
Jefferies is bullish on 6 healthcare stocks with upside potential of up to 46%. Own any?
Hospital stocks extended losses amid regulatory scrutiny over cancer-drug markups and pharmacy practices. Despite the selloff, Jefferies maintained Buy ratings on six healthcare companies, citing target-price upside ranging from 22% to 46% and strong projected EBITDA growth through FY29.
HDFC Mid Cap and TrustMF Mid Cap among 5 midcap funds with highest cash holding
Five midcap mutual funds held between 4.85% and 7.19% cash in August portfolios. Axis Midcap Fund had the highest allocation, followed by HDFC Mid Cap, TrustMF Mid Cap, Franklin India Mid Cap and Canara Robeco Mid Cap.
Five equity mutual funds delivered annualised SIP returns of up to 24.6% over 10 years. The funds span small-cap, mid-cap and ELSS categories, highlighting strong historical performance while underscoring the importance of risk, goals and investment horizon.
The Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation. While elevated oil prices have pressured equities, soaring bond yields, foreign outflows, a stronger dollar and tighter liquidity are adding to the selling pressure and weighing on investor sentiment.
Indian markets closed on October 2 for Gandhi Jayanti
Trading will resume on Monday, October 5
Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti
Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Mondays domestic opening.
Five midcap mutual funds delivered annualised returns of 20% or more over three years, led by HSBC Midcap Fund at 23.7%. Here are the top performers and laggards.
Nifty valuations have reset sharply from 2024 levels and are now near post-Covid lows, says Alchemy Capitals Alok Agarwal. He sees the next phase of market growth broadening beyond large caps. Mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence companies offer opportunities, while global yields and FPI flows remain key.
ICICI Pru AMCs S Naren on contrarian investing, AI risks and navigating a volatile market
In Mint Money Guru, S Naren discusses oil, US rates, AI risks and small-cap valuations, and explains why contrarian investing can extend beyond value stocks as he launches a contra fund.
D-Street logs longest spell of week slump in 25 years
Indian equity markets faced significant pressure as US bond yields surged, leading to a record selloff. The Sensex and Nifty experienced prolonged declines, surpassing previous downturns witnessed during the Covid pandemic. Foreign investors continued to withdraw their investments amidst rising crude oil prices, negatively impacting the rupee's value. Analysts suggest selective stock opportunities may arise despite challenging macroeconomic conditions.
Sri Lotus shares rally 29% in a month. Can luxury and redevelopment sustain the momentum?
Sri Lotus Developers & Realty has seen a remarkable 29% increase in shares, significantly outpacing the wider market. This boost is attributed to the anticipation surrounding their luxury initiatives and redevelopment projects, which promise robust pre-sales and profit margins. With 22 projects planned, the anticipated gross development value ranges from 17,500 to 18,000 crore. Furthermore, collections have surged year-over-year, suggesting a bright growth trajectory for the current fiscal year.
E-commerce sales on Amazon and Flipkart offer discounts for cardholders, starting October 8 and 9. Here's the list of credit and debit cards that are offering cashbacks and instant discounts.
FPIs pull record Rs 3 lakh crore from Indian equities in 9 months. More pain ahead?
In an unprecedented turn of events, foreign portfolio investors have divested a staggering amount exceeding 3 lakh crore from Indian equities within the initial nine months of 2026. This marks a record outflow, largely driven by rising US bond yields and ongoing geopolitical conflicts, which diminish India's appeal for international investors.
Vishakha Renewables files IPO papers, eyes Rs 1,250 crore
Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure 1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, 900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders.
Asian shares tumble after wild swings in bonds, FX before US jobs data
Bond markets were again the centre of volatility overnight, with the benchmark 10-year US Treasury yields hitting the highest since 2002 at 5.34% after capping the biggest quarterly rise in 32 years
Rupee sinks to 96.31, logs biggest fall in over 2 months
The Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which have exerted pressure on emerging market currencies. Additionally, Indias primary equity indices have encountered their most prolonged downturn in 25 years, signaling a turbulent market climate. In tandem, the dollar index has surged to 101.9, exacerbating the rupee's depreciation and reflecting ongoing currency exchange volatility.
10-year bond yield breaches 7.20%; hits 2.5-year high
India's 10-year benchmark bond yields have surged to 7.21%, reaching their highest point in two and a half years. With oil prices continuing to soar and an anticipated rate hike, analysts predict these yields could escalate to 7.50% if the Reserve Bank of India enacts a 25 basis point increase. A substantial bond issuance is on the horizon, adding complexity to the supply-demand landscape.
Gold slips before US payrolls data, set for second weekly loss
Gold prices are poised for their second consecutive weekly decline, driven by the strengthening US dollar and escalating Treasury yields. Investors are keenly anticipating vital US payroll figures that could sway the Federal Reserve's future policy decisions. Current predictions suggest only a 25% probability of a rate increase this month, which is a shift from previous projections.
Global Markets: Asian shares fall after wild swings in bonds, FX before US jobs data
Asian stock markets dipped as investors navigated through the turbulence of bond and currency fluctuations. Elevated oil prices, driven by military strains in the Gulf region, added to the market's unease. Speculations around high US Treasury yields and fiscal instability in Europe, especially concerning French bonds, also weighed heavily. Furthermore, traders keep a close eye on upcoming US job data that may sway Federal Reserve policy.
Japan government bond yields fall as global markets steady
Japanese government bond yields saw a significant drop on Friday, as the 10-year yield fell to levels not recorded since mid-September. Global bond markets stabilizing and shifts in central bank policies played a key role in this decline. Even though the Bank of Japan raised rates recently, inflation in Tokyo is rising, fueling predictions of additional rate hikes.
Oil rises slightly as market weighs mixed supply signals
Oil prices have seen a minor uptick due to China halting fuel exports and the rising American military involvement in the Middle East. The US plans to deploy more troops and aircraft carriers to the area, raising concerns about possible global fuel shortages. Furthermore, the US has advised European countries to cut down on their emergency diesel reserves, causing mixed signals across the oil market this week.
