Crude Prices

Today's columns examine climate overshoot and AI's environmental costs, Netanyahu's electoral position in Israel, US midterm implications for oil prices and China's property crisis

Mohammed Imran of Mirae Asset Sharekhan expects Brent to become more volatile ahead of the US midterm election. Brent futures may test the resistance of $120/b in the near term.

Bitcoin crosses $80,000 as ETF inflows, weaker dollar and renewed crypto optimism fuel a sharp rebound, while falling crude prices lift Indian equities

Crisil says soft drink bottlers may see revenue growth return to 15 per cent this financial year, but rising competition and higher crude-linked packaging costs could weigh on margins

From US foreign policy risks and India's labour data changes to bear market fears and FCRA concerns, today's Best of BS Opinion brings together key insights shaping global and domestic debates

The government may announce more relief packages for vulnerable segments of the economy, including the MSME sector, to help them sustain and keep inflation under check in the domestic market if the West Asia crisis prolongs further, sources said. The government has announced a slew of measures, including cutting excise duty on petrol and diesel during the month and will not hesitate to announce more to shield the vulnerable sectors of the economy, sources said. The government slashed the excise duty on petrol to Rs 3 a litre and exempted diesel from the duty to protect consumers from the impact of rising global crude prices amid the ongoing war in the Middle East. Alongside, the government brought back duties on the export of diesel and aviation turbine fuel (ATF) to improve domestic availability. Global crude prices have risen by almost 50 per cent since the United States and Israel launched military strikes against Iran on February 28, triggering sweeping retaliation from ...

Rising crude and gas prices are set to squeeze margins of paint companies, even as demand remains stable and firms announce staggered price hikes to offset costs

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

Rising crude prices and trade disruptions from the West Asia war are prompting economists to trim India's growth forecasts, threatening the economy's recent "sweet spot"

Avoid panic selling, keep SIPs going: Past wars caused transitory selloffs

Oil prices spike past $100 amid Iran war and supply cuts, raising fears of a sharply higher import bill, inflation and current account deficit for India

Surging Brent crude and tensions near the Strait of Hormuz threaten to keep Indian markets volatile, with investors watching inflation data and foreign fund flows

Despite oil prices staying relatively contained amid the crisis, with traders warning of $100 crude, the impact is already being felt across Asia, the world's largest energy-consuming region

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

WTI crude oil prices opened weaker, tumbling over 4 per cent in early trading, a sharp reversal from the prior week's modest 2.2 per cent.

The Indian currency settled at 86.75 per dollar, against the previous close of 86.59 per dollar

US West Texas Intermediate crude was up $5.38, or 7.91 per cent, at $73.42 a barrel after hitting a high of $74.35, the loftiest since February 3

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

The rupee settled at 86.05 per dollar on Friday, against 86.70 per dollar on Thursday. Last week, it had settled at 85.23 per dollar

Resumption of more frequent revision in retail prices could be a driver. Policy risk appears low