Brent Crude Oil

The global cost of carrying crude oil which used to be around 1-2 per cent of the total contract value has now faring 20-25 per cent to Asian refiners.

Brent crude futures fell 93 ‌cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel

Brent at $108 a barrel is certainly negative for India, but its ultimate damage depends on whether the spike is brief or sustained and whether it disrupts physical supply.

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Brent crude ​futures rose 81 cents, or 0.8%, to $108.44 a barrel by 0345 GMT while US West Texas Intermediate crude rose 69 ‌cents, or 0.7%, to $103.17 a barrel

Oil at $100: OMC stocks have already been punished significantly, and therefore investors are not reacting in panic after such a major fall, believe analysts.

ICICI Securities sees the momentum of Oil India's share price sustaining as the delivery of expansion plans in both upstream and downstream segments comes to fruition over FY27-29E.

Brent Crude oil last traded above the $100 mark on May 25, 2026, before Wednesday; since then select stocks from the Nifty Oil & Gas index soared up to 82%, while two declined over 10%, shows data.

Brent crude futures were up $2.01, or 2.05%, at $99.93 a ‌barrel by 0802 GMT, after earlier touching $100.19, while US West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel

Crude oil shipments from West Asia producers are at about 11 million barrels per day (bpd) ​now, from 18 million bpd before the Iran war began seven months ago

Mirae Asset Sharekhan believes that the crude oil market balance is likely to remain in deficit through 2026.

Sensex Today | Stock Market Highlights,Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.1 per cent and 0.13 per cent down, respectively

Rabobank expects Brent to remain volatile in the months ahead, with $70-$75/bbl acting as the lower-end support zone and $95-$100 forming the upper end of the range.

Brent futures rose 1 cent, or ‌0.1%, to $87.08 a barrel by 0247 GMT, while US West Texas Intermediate (WTI) crude futures rose 6 cents to $81.31 a barrel

If negotiations continue to lose momentum, Brent could move towards $95-97 a barrel. However, any credible diplomatic breakthrough could quickly unwind part of the premium and trigger a sharp reversal

Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel ‌by 0053 GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%, to $83.91

Donald Trump claims the US Navy has full control of the Strait of Hormuz after clearing mines, while Iran says it will not fully reopen the key oil route until its demands are met

Brent crude futures ‌rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT while US West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84

For Indian markets, the bigger issue over the next few months, analysts said, isn't the repo rate, but how much more geopolitical pressure the rupee can take before the central bank has to step in.

Share price of InterGlobe Aviation, parent of budget carrier IndiGo, hit an intra-day high of ₹5,508. The stock bounced back 41% from its 52-week low of ₹3,894.80 touched on March 23, 2026.