Oil Prices Slip

Brent futures fell 26 cents, or 0.25%, ‌to $103.34 a barrel by 0157 GMT while US West Texas Intermediate crude futures fell 53 cents, or 0.55%, to $95.56

Investors added ₹8.04 trillion to their wealth as the market capitalisation of all BSE-listed companies swelled to ₹482.41 trillion from ₹474.37 trillion on Friday.

Brent crude futures ‌fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude was at $102.56 a barrel, down $1.56, or 1.50%

Brent fell 1.76 per cent to $100.50 a barrel and WTI dropped 2.18 per cent to $90.85 after European countries agreed to release additional diesel stockpiles

Sensex today: Analysts at SBI Securities said that the gradual decline in crude oil prices over the last four trading sessions has provided some respite to Asian equities.

Analysts believe the bullion rose as the US Fed rate hike is largely discounted by the market. Meanwhile, a fall in oil prices for the third straight day softened inflation concerns.

Shares of MV Electrosystems and Juniper Green Energy are slated to list on Dalal Street today. Meanwhile, LIC and Trent are among top firms slated to post Q1 results.

Brent crude futures ​were down $0.54, or 0.6%, at $87.82 by 0046 GMT

US futures surged early Monday and the price of a barrel of Brent crude, the international standard, dropped 6.8 per cent to $85.49

Brent futures lost 79 cents or 1.1% to $70.78 a barrel by 0642 GMT, while US West Texas Intermediate crude fell 84 cents or 1.2% to $67.74 a barrel

Brent and WTI fall about 3 per cent as supply concerns ease with higher tanker movements through the Strait of Hormuz despite fresh security risks in the region

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran

US stocks rose Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points, or 0.7%, and the Nasdaq composite gained 0.3%. Stocks got a lift from a 3.4% drop for the price of Brent crude oil to $87.33 per barrel, deepening its loss for the week. Oil prices have come down since President Donald Trump on Thursday called off his threat to launch strikes on Iran and said a potential deal with Iran may be imminent. A deal to end the war could reopen the Strait of Hormuz and allow oil tankers to once again deliver crude from the Persian Gulf to customers worldwide. Its near closure since the war began has sent the price of Brent up from roughly $70 per barrel and caused a wave of painful inflation for the world. Of course, financial markets have rallied in the past on hopes that an end to the war with Iran was near, ...

Brent futures were down $2.11 or 2.3 per cent at $88.27 a barrel by 0640 ‌GMT, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2 per cent, to $85.81

Brent crude futures dropped $1.22, ​or 1.1%, to $106.55 a barrel at 0410 GMT while US West Texas Intermediate futures fell $1.16, or 1.1%, to $101.02

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.

FM Nirmala Sitharaman says current year even 'more challenging' but India has enough fiscal space

While Brent should retain a geopolitical risk premium, it is similarly forecasted to retreat toward $56-$57/b as supply growth from non-OPEC+ producers outweighs softening demand

Oil has pushed higher in the new year as turmoil in OPEC's fourth-largest producer, along with upheaval in Venezuela, added geopolitical risk to prices