Oil Price Rise

Nikhil Khandelwal of Systematix Group, said that while immediate geopolitical shock has been priced in, the full macro impact, especially of higher crude, has not yet been fully reflected in earnings.

BSE Sensex fell 900 pts intraday and Nifty slipped below 23,800 amid US-Iran tensions, oil surge, and FII selling. Here are 6 key reasons that are driving today's stock market decline.

A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs

Brent crude oil has topped the $100-mark which may trigger a 10 per cent fall in Nifty, warns ICICI Securities. Rising oil prices could widen India's trade deficit and push inflation higher

Oil prices are at six-month highs as US-Iran tensions escalate. Brent crude is near $72 on fears of supply disruption and risks around the Strait of Hormuz. Analysts see higher oil prices ahead

India mainly buys palm oil from Indonesia and Malaysia, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

But despite the US hit, the Iran-Israel war is still going on, and Iran has threatened to attack US military installations in the Gulf

Oil price outlook: Crude oil prices are likely to remain supported by geopolitical uncertainty and tightening inventories in the near term

Sensex Today | Stock Market Close, Friday, June 13, 2025: The Nifty Midcap100 and Nifty Smallcap100 index settled in red, down by 0.24 per cent and 0.43 per cent, respectively

Oil price outlook: Given the low level of oil inventories, there could be a sustained geopolitical premium in crude price until the conflict is resolved in the short-term

At 7:06 AM, GIFT Nifty futures also indicated a weak start for the bourses, trading 66 points lower at 25,410 levels.

Brent crude, WTI oil trading strategy today, Aug 27: We expect oil prices to face immediate resistance of $80 and the rally would find it difficult to sustain above it

Both benchmarks fell less than 1% last week versus the previous week. A stronger US dollar, which rose about 1% over the last week, has kept a lid on prices

At its intra-day peak, the US West Texas Intermediate crude futures contract traded more than $1 above previous close

A cruise missile launched from Houthi-controlled Yemen struck a commercial chemical tanker, causing a fire and damage but no casualties in the latest such attack to heighten safety risks for tankers

West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day

Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries

The company's prospects remain strong over FY24E / FY25E driven by steady increase in oil & gas output, and greater monetisation opportunities in gas via the imminent NE grid commissioning

Russia said exports would resume once it had stabilised its domestic market, but did not give a precise timeline

Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December