Brent Crude

Brent crude futures settled at $71.99 a barrel, ​down $3.27, or 4.34%. US West Texas Intermediate finished at $69.23 a barrel, down $2.69 or 3.74%

Brent and WTI fall about 3 per cent as supply concerns ease with higher tanker movements through the Strait of Hormuz despite fresh security risks in the region

Benchmark indices extended gains for a third straight week as easing crude oil prices, RBI measures and foreign inflows supported sentiment despite weak PMI data

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.55 per cent and 0.47 per cent down, respectively

On Thursday, IndiGo stock rallied nearly 5% as crude oil prices dipped below US-Iran war levels. The airline stock logged its biggest monthly rally in March 2019.

Brent crude futures for August delivery fell 40 cents, or 0.54 per cent, ‌to $73.34 a barrel as of 0004 GMT, while US West Texas Intermediate fell 27 cents, or 0.38 per cent, to $70.07 a barrel

Domestic currency weakens against the dollar as importer demand and IPO-linked outflows outweigh support from FCNR, ECB inflows and improving global risk sentiment

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.34 per cent and 0.6 per cent higher, respectively

Oil tankers continued transiting Hormuz via Oman's coast despite Iran claiming the strait was shut, underscoring conflicting US-Iran narratives

The rupee surrendered most of its intraday gains as importer demand for dollars and likely RBI purchases offset support from softer crude oil prices

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.52 per cent and 0.79 per cent higher, respectively

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.41 per cent and 0.42 per cent higher, respectively

Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)

Fuel retailers see losses ease on petrol and diesel sales after Brent crude declines following US-Iran peace agreement

As per Fitch Ratings' estimates, Brent crude oil is likely to average $100-110/bbl in May-July, before falling to $80/bbl in August, and to about $70/bbl from September.

The path of least resistance for Brent over the next two quarters appears skewed to the downside, with Brent prices likely drifting below $90/bbl

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.81 per cent and 0.67 per cent down, respectively

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 1.49 per cent and 1.33 per cent down, respectively

The rupee gained 0.4% against the dollar as lower crude prices and RBI measures to boost foreign-currency inflows eased concerns over India's external balances

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 1.35 per cent and 1.69 per cent higher, respectively