Brent futures advanced 37 cents, or 0.37 per cent, to $101.06 a barrel at 0330 GMT, having settled up 7 per cent above $100 in the previous session for the first time since May
Brent crude surged above $100 after Houthi attacks on Saudi tankers deepened Middle East supply disruptions, fuelling fears of a prolonged global oil shock
The legislation allows US President Donald Trump to impose tariffs of as much as 100 per cent on the top five purchasers of Russian oil and natural gas, essentially targeting China and India
Economists have sharply lowered India's FY27 current account deficit forecast as softer crude oil prices, resilient exports and remittances improve the external outlook
Brent crude futures climbed $2.09, or 2.37%, to $90.19 by 0241 GMT, touching the highest since June 11, extending gains after rising 15.9% last week, its biggest weekly gain since April
We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.
Crude Oil market has moved beyond a simple war-premium story. It's now balancing three forces at once: geopolitical risk around Hormuz, refinery-led product tightness and softer macro-demand impulse.
Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz
Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.
For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on early Wednesday trade
June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice
Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz
Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.
The price of Brent crude, the international standard, gained 3.9 per cent to $78.96 per barrel, while US benchmark crude oil added 4 per cent to $74.26 per barrel
Stocks to watch today: HCL Tech, DMart, IndiGo and oil marketing companies are among key stocks to track today amid results announcement and rising crude oil prices.
Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz