Crude oil futures settled marginally higher on Thursday amid renewed geopolitical tensions after reports indicated that the United States carried out another round of self-defense strikes in southern Iran, prompting Tehran to reportedly retaliate by targeting a U.S. air base. However, gains remained limited as reports indicated that US and Tehran had tentatively agreed to extend their ceasefire for an additional 60 days.
Benchmark crude oil futures for July delivery increased by $0.25 or 0.22% to settle at $88.90 a barrel on the New York Mercantile Exchange. Brent crude for July delivery declined by $0.58 or 0.62% to settle at $93.71 a barrel on the New York Mercantile Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: