Oil Prcies

Middle East crude benchmarks Dubai and Murban gained this month on the back of robust demand for high-sulphur oil in Asia

Prices had rallied to five-month highs after the US attacked Iran's nuclear facilities over the weekend

Market participants expect further price gains amid mounting fears that an Iranian retaliation may include a closure of the Strait of Hormuz

A sharp rise in global oil prices following Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Ukrainian President Volodymyr Zelenskyy said Friday in comments that were under embargo until Saturday afternoon. Speaking to journalists in Kyiv, Zelenskyy said the surge in oil prices threatens Ukraine's position on the battlefield, especially because Western allies have not enforced effective price caps on Russian oil exports. The strikes led to a sharp increase in the price of oil, which is negative for us, Zelenskyy said. The Russians are getting stronger due to greater income from oil exports. Global oil prices rose as much as 7 per cent after Israel and Iran exchanged attacks over the past 48 hours, raising concerns that further escalation in the region could disrupt oil exports from the Middle East. Zelenskyy to address concerns with the US Zelenskyy said he planned to raise the issue in an upcoming conversation with US Presid

US stock indexes drifted closer to their records on Monday, coming off their stellar May, which was Wall Street's best month since 2023. The S&P 500 rose 0.4% after erasing an early loss from the morning. The Dow Jones Industrial Average added 35 points, or 0.1%, and the Nasdaq composite climbed 0.7%. Indexes had been down close to 1% in the morning following some discouraging updates on US manufacturing. President Donald Trump has been warning that US businesses and households could feel some pain as he tries to use tariffs to bring more manufacturing jobs back to the country, and their on-and-off rollout has created lots of uncertainty. But stocks rallied back as the day progressed, and gains for a few influential stocks helped lift the S&P 500 even though more stocks within it fell than rose. Nvidia climbed 1.7%, and Meta Platforms rose 3.6%, for example. Some of Monday's strongest action was in the oil market, where the price of crude spurted more than 3%. The countries in

The Trump administration has issued a new authorisation for US major Chevron that would allow it to keep assets in Venezuela but not to export oil or expand its activities

Oil markets may face an oversupply in the second half of 2025, alongside potentially weakened demand due to Trump's inclination towards universal tariffs

Geopolitical tensions may add headwinds to the markets, which had calmed recently after a month of turmoil from the tariff blitz unleashed by US President Donald Trump

Both contracts fell more than 2 per cent in the previous session on the prospect of an Iranian nuclear deal, which could result in more barrels being released onto the global market

Sensex Today | Stock Market Highlights on Friday, May 16, 2025: The Nifty Smallcap100 and Nifty Midcap100 indices closed with gains of 1.86 per cent and 0.94 per cent, respectively

Oil prices: The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65. However, overall, we expect prices to trade range bound between $65-$58

In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.

Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries

In the previous session, Sensex ended at 78,017.19, up 32.81 points or 0.04 per cent. Nifty50 closed at 23,668.65, up 10.30 points or 0.04 per cent

US government data showed a higher-than-expected drawdown last week in distillate inventories, including diesel and heating oil, which fell by 2.8 million barrel

At 7:00 AM, GIFT Nifty Futures were up 126 points at 22,570, suggesting a gap-up start.

FIIs net sold shares worth Rs 485.41 crore, while DIIs net bought shares worth Rs 263.51 crore, on March 10

The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day

In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30

Brent crude futures dipped 2 cents to $78.98 a barrel by 0941 GMT. US West Texas Intermediate crude (WTI) lost 4 cents to $75.40