Brent Crude Oil

Analysts at Mirae Asset Sharekhan expects WTI Crude oil futures to trade within a broader $59-$66 per barrel range in the coming weeks.

The recent surge in oil prices to a 4.25-month high, with Brent briefly touching $70.50, is largely driven by a shift in US policy

Crude oil outlook: Geopolitical tensions have driven crude oil prices to a three-month high, with WTI trading just under $63 and Brent approaching the $67 resistance level

Oil India hit a 52-week high at ₹492, as the stock rallied 10 per cent, while ONGC surged 7 per cent to ₹266.05 on the BSE in intra-day trade on Wednesday.

While Brent should retain a geopolitical risk premium, it is similarly forecasted to retreat toward $56-$57/b as supply growth from non-OPEC+ producers outweighs softening demand

Crude oil prices are holding firm this week as tensions between Iran and the US temporarily ease after Donald Trump indicated he does not intend to launch military action.

The current upward trajectory is primarily driven by a toxic mix of heightened geopolitical risks in the Middle East, infrastructure disruptions in the Caspian region, and significant capital inflows

Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.

OPEC+, according to a Rabobank International note, will respond to lower prices through supply cuts or through the refined products market

Global oil prices have shown remarkable resilience amid softer economic data from two major consumers: the US and China

Rupee sees sharp fall: The domestic currency fell as much as 83 paise to 89.54 on Friday, according to Bloomberg

Indian Rupee today: The domestic currency opened four paise lower at 88.63 against the greenback on Thursday

Indian Rupee today: The domestic currency closed two paise higher at 88.59 against the greenback on Wednesday, according to Bloomberg

Indian Rupee today: The domestic currency opened 4 paise higher at 88.57 against the greenback and rose to 88.53 in opening deals

Indian Rupee today: The domestic currency closed 3 paise higher at 88.61 against the greenback on Tuesday, according to Bloomberg

Indian Rupee today: The domestic currency opened 2 paise lower at 88.66 against the greenback on Tuesday

Indian Rupee today: The domestic currency closed 10 paise higher at 88.64 against the greenback on Monday

Indian Rupee today: The domestic currency opened 3 paise higher at 88.71 against the greenback on Monday

Indian Rupee today: The domestic currency closed 8 paise lower at 88.74 against the greenback on Friday

Indian Rupee today: The domestic currency opened 6 paise lower at 88.72 against the greenback on Friday