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

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Sharp decline in spot crude premiums offsets surge in Brent prices, offering partial relief to Indian oil marketing companies as global supply disruptions reshape pricing dynamics

The reversal has prompted traders and analysts to suggest that fresh regulatory measures could be on the cards

Brent crude to be delivered in June jumped 6.2 per cent to $125.36 and Brent to be delivered in July rose 3.1 per cent to $113.85

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave OPEC in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea's Kospi rose 0.3 per cent to 6,657.40 and the Hang Seng in Hong Kong gained 1.4 per cent to 26,029.02. The Shanghai Composite index traded 0.3 per cent higher at 4,091.01. Australia's S and P/ASX 200 slipped 0.3 per cent, to 8,689.50. Taiwan's Taiex lost 0.6 per cent, and India's Sensex gained 0.4 per cent. The price of a barrel of Brent crude oil to be delivered in June fell 0.5 per cent to USD 110.71 early Wednesday. Brent to be delivered in July dropped 0.6 per cent to USD 103.74. Brent oil was around USD 70 per barrel before the war began in late February. Benchmark US crude fell 0.6 per cent to USD 99.32 a barrel. The UAE's departure from OPEC, due to happen on Friday, has been closely w

Brent near $114 signals tight supply as inventories plunge. Backwardation, outages, and demand risks amid Iran war may reset crude's floor to $75-80, says Anindya Banerjee of Kotak Securities

Prolonged Strait of Hormuz disruption may keep oil prices higher for longer, says Mohammed Imran of Mirae Asset Sharekhan. He forecasts Brent at $90 in Q4-CY26; risks skew to $120 on supply shock

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

The rupee touched a low of 94.54 per dollar during the trading session, its weakest level since March 30, before closing at 94.19, down 0.4 per cent on the day

Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7

This year's adverse weather conditions will likely push inflation above 5 per cent in the fiscal year beginning April 1, exceeding the RBI's projection of 4.6 per cent

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.

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

US West Texas Intermediate crude futures settled down $10.48, ‌or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56

Oil prices drop as Iran signals Strait of Hormuz remains open, easing supply fears amid US-Iran talks, though uncertainty over war and recovery keeps markets volatile

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections