Crude Oil Prices

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

The long-term story as regards India -demographics, reforms, digitalization, and improving efficiency- remains intact, Powell said.

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

Brent crude futures rose $2.16, ‌or 2.05%, to $107.49 a barrel by 2346 GMT, the highest since April 7, and US West Texas Intermediate was at $96.17 a barrel, up $1.77, or 1.88%

Hormuz bottleneck and frozen US-Iran talks revive global risk fears

India can sustain economic growth despite crude prices in the $90-100 per barrel range, supported by strong consumption, infrastructure spending and macroeconomic resilience

Brent futures ​declined 95 cents, or 1%, at $94.53, as of 0003 GMT while US West Texas Intermediate (WTI) crude futures ‌for May fell $1.54, or 1.72%, to $88.07

Shares were mixed Tuesday in Asia and oil prices slipped following the latest rise of US-Iran tensions. The lackluster start to trading Tuesday followed a modest retreat on Wall Street. But US futures edged higher. With the fate of talks between Iran and the US on ending the war unclear, the price for a barrel of Brent crude oil remained above USD95, slipping just 0.4% to USD95.10 per barrel. US benchmark crude oil lost 0.9% to USD86.66 per barrel. In Tokyo, the Nikkei 225 climbed 1.1% to 59,485.54 on strong gains for tech-related companies like Tokyo Electron, which rose 4.4%. Tech and energy giant SoftBank Group Corp. gained 5.5%. South Korea's Kospi jumped 1.8% to 6,327.73 and Taiwan's Taiex advanced 1.7%. The Hang Seng in Hong Kong edged 0.1% lower, to 26,382.30 and the Shanghai Composite index lost 0.3% to 4,068.28. Australia's S&P/ASX 200 declined 0.1% to 8,942.80. US President Donald Trump attacked critics after a second round of talks with Iran was thrown into doubt by

Tehran also said it would not participate in a second round of negotiations that the US had hoped to start before the two-week ceasefire expires this week

Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel. The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news. Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car

Crude oil prices fell a little over 2 per cent to Rs 8,396 per barrel in futures trade on Friday amid signs of a potential US-Iran agreement and easing geopolitical tensions dampening fears of prolonged supply disruptions. Crude prices for May delivery decreased by Rs 180, or 2.1 per cent, to Rs 8,396 per barrel on the Multi Commodity Exchange. "Crude futures declined after US President Donald Trump expressed optimism over a potential agreement with Iran, easing concerns over prolonged supply disruptions," Kaveri More, Commodity - Technical Research at Choice Broking, said. Trump indicated that Tehran may accept terms, including abandoning nuclear ambitions, reopening the Strait of Hormuz, and offering "free oil," though there has been no official confirmation from Iran. In the international market, oil futures remained below USD 100 per barrel as investors turned hopeful about a near-term resolution to the conflict in West Asia. West Texas Intermediate (WTI) for the May contract

Brent crude futures dropped more than 1% to $98.14 a barrel while US West Texas Intermediate crude futures fell 1.6% to $93.15 a barrel

Rupee rises after four sessions of losses, supported by ceasefire hopes, lower crude prices and FPI inflows, though elevated oil levels cap sharp appreciation

Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a ‌barrel at 0054 GMT after falling 4.6 per cent in the previous session

Japan's benchmark Nikkei 225 lost 1.0 per cent in morning trading to 56,357.40; South Korea's Kospi dipped 1.1 per cent to 5,795.15

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

High oil prices pose risks but India's strong buffers, resilient exports and policy space can help navigate global uncertainty, says the World Bank

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

Sensex surged nearly 4 per cent in its biggest gain in five years as ceasefire eased oil prices, boosted sentiment and triggered broad-based buying across sectors

Even as the Strait of Hormuz reopens, damaged oil and gas infrastructure across the Gulf could delay supply recovery and keep global energy prices elevated