Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Oil Prices Surge as US Targets Houthis, Asia Stocks Rise
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Crude Oil Prices Rise
PhotoNews Pakistan > Business > Oil Prices Surge as US Targets Houthis, Asia Stocks Rise
Business

Oil Prices Surge as US Targets Houthis, Asia Stocks Rise

Web Desk
By Web Desk Published March 17, 2025 2 Min Read
Share
Photo: NDTV
SHARE

Oil prices surged on Monday, with Brent futures increasing by 1.06% to $71.33 per barrel. Meanwhile, US West Texas Intermediate rose by 1.12% to $67.94.

Oil prices surge followed US threats to continue military action against Yemen’s Houthis, leading investors to fear potential supply disruptions. IG analyst Tony Sycamore commented, “Geopolitical tensions are back.”

US stock futures dipped, but Asia’s markets charged up. MSCI’s Asia-Pacific index gained 1%, hitting a one-week high. Japan’s Nikkei jumped 1.24%. Hong Kong’s Hang Seng rose over 0.8%. Meanwhile, a busy week looms. The US Federal Reserve meets Wednesday and will likely hold rates steady.

🛢️🚢 Brent Crude Rises as U.S. Strikes Houthis Amid Shipping Disruptions

Tickers of interest: $BRN $WTI

Full Story → https://t.co/X2WYTsBckZ pic.twitter.com/VB9zWPOWMg

— PiQ (@PiQSuite) March 16, 2025

China’s moves lifted oil too. On Sunday, Beijing unveiled plans to spark consumption. New subsidies and income hikes aim to revive demand in the world’s number-two economy. “Households need capacity and confidence to spend,” said ING’s Lynn Song. Oil prices surge as China’s outlook brightens.

#OnETNOW | Will palm oil prices surge further? Supply concerns mount as FMCG firms brace for impact. Dorab Mistry of Godrej International decodes the latest trends and what lies ahead!

Watch the full interview here:https://t.co/NecAgbmHez@nikunjdalmia @AyeshaFaridi1… pic.twitter.com/BbQJO0Xelf

— ET NOW (@ETNOWlive) March 12, 2025

China’s industrial output grew 5.9% early this year—better than expected. Yet, property investment lagged. Markets shrugged off the data. The CSI300 index slipped 0.07%, while Shanghai’s Composite rose 0.28%. The yuan edged up 0.2% to 7.2265. Investors await more details from officials later Monday.

Oil could climb higher. Sycamore warns that a break past $68.50 might spark a rally. China’s consumption push offers upside. But US-Houthi clashes keep tensions simmering. This oil price surge reflects a world split, Asia gains while the US watches warily.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Karachi Tarffic Jam

Malir River Flooding Shuts Korangi Crossing, Sparks Karachi Traffic Chaos

NASA China Space Race 2025

NASA Bars Chinese Nationals from Space Programs

FBR Transformation Plan

FBR Unveils Ambitious Plan to Hike Pakistan’s Tax-to-GDP Ratio to 18%

Post Archives

More Popular from Photonews

Trump Department of War
Top NewsWorld

Trump to Rename Department of Defense to Department of War

2 Min Read
South Africa Cricket Pakistan 2025
Sports

PCB Announces South Africa Cricket Series Schedule for 2025

2 Min Read
Blood Moon Eclipse 2025
Pakistan

Spectacular Blood Moon Eclipse Captivates Pakistan

3 Min Read
Entertainment

Cardi B Reveals Why She Declined Super Bowl

Cardi B spoke openly to Billboard about her decision to decline a Super Bowl performance. The…

September 5, 2025
Entertainment

Sean Diddy Combs Faces Panic Attacks in Prison, Insider Claims

Insiders told Radar Online that Sean “Diddy” Combs, 55, is having panic attacks in prison. He…

September 5, 2025
Top NewsWorld

Nepal PM KP Sharma Oli Resigns Amid Deadly Protests Over Corruption

Nepal’s Prime Minister KP Sharma Oli resigned after deadly anti-corruption protests rocked Kathmandu. The protests defied…

September 9, 2025
Offbeat

Carlo Acutis Becomes First Millennial Saint at Vatican Ceremony

Thousands will gather at the Vatican to honour Carlo Acutis. The 15-year-old Italian, known as “God’s…

September 7, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?