Crude Oil Price

The rupee fell and bond yields rose as crude oil surged above $100, with US-Iran tensions fuelling inflation concerns and pressuring currency and debt markets

Prices for physical crude barrels are trading at significant premiums to futures, with some grades already at record highs of about $150 a barrel

The Sensex touched a low of 75,868, down 1,682 points, or 2 per cent. Likewise, the Nifty 50 hit an intraday low of 23,555, down 495 points, or 2 per cent

Crude oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors

Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement

India is the world's second-largest fertiliser consumer after China and depends heavily on imports of both raw materials and finished products

Here's how leading market analysts see the road ahead for Indian markets amid the recent developments.

Indian refiners stepped up purchases of Russian oil after the Trump administration granted waivers that are set to expire this month

US West Texas Intermediate crude futures fell $1.30, or 1.3 per cent, to settle at $96.57 a barrel, with a weekly decline of 13.4 per cent, its largest since April 2020

Brent crude futures were up 5 cents, or 0.05 per cent, at $95.97 a barrel by 1150 GMT

Here's how leading brokerages have interpreted the recent developments in West Asia and their likely impact on stock markets and crude oil prices.

As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and CEO Arun Kumar Singh said on Friday. India, which relied on the Middle East to meet nearly half of its crude oil imports, 30 per cent of its gas and 85-90 per cent of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said. The six-week long was shut the only shipping lane that was used by the Gulf countries to export crude oil (raw material for making petrol and diesel), natural gas (used to make fertilizer, generate electricity, turn into CNG to power automobiles and piped to household kitchens for cooking) and cooking gas LPG. This led to an energy crisis in several importing countries, including India which had to prioritise supply of gas. "Thinking that

Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler

Brent crude futures gained 83 cents, or 0.87 per cent, ‌to $96.75 a barrel as of 0100 GMT

Oil secretary flags higher dependence on Hormuz route for crude, gas and LPG, underscores need for resilient infrastructure amid West Asia tensions

Equity, by its nature, Rashesh Shah, CMD, Edelweiss Financial Services believes, is not a one- or two-year asset class, it represents ownership in businesses that compound over a decade.

Iranian Parliament Speaker Mohammad-Bagher Ghalibaf said in a statement on X that three clauses of the ceasefire proposal have been violated

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight

Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels

BS 1000 companies brace for potential earnings collapse if crude keeps climbing