The oil market reacted minimal damage from Hurricane Beryl.

  • Hurricane Beryl’s impact limited: Initial fears of disruption to oil production in Texas from Hurricane Beryl subsided as the storm caused less damage than expected.

  • Oil prices down: This positive development led to a decline in oil prices. Brent crude futures fell 0.45% to $85.36 per barrel, and WTI crude dropped 0.53% to $81.89 per barrel.

  • Market shift: With supply concerns easing, the oil market’s focus might return to other factors influencing prices, such as global demand and geopolitical situations.

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Bansal Wire IPO listing price exceeded analyst expectations.

Wed Jul 10 , 2024
Company Background: Established in 1985, specializing in stainless steel wire. Operates in 3 sectors: high carbon steel, low carbon steel, and stainless steel wire. Diverse product range with over 3,000 steel wire products. Wide customer base of over 5,000 clients. IPO Details: Listed at ₹356 on NSE, a 39% premium […]

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