Beyond $90/bbl is when the decline steepens and things worsen as inflation starts eating into savings, impacting spend that gets especially bad for consumer sectors, Bernstein said in a recent note.
The West Asia conflict continues to escalate as the US and Iran exchange warnings and global oil prices surge, with Brent crude rising to $109 a barrel. Here are the top updates at 10 am (IST)
US West Texas Intermediate crude futures rose $11.42, or 11.41 per cent, at $111.54 per barrel, settling at their biggest absolute price rise since 2020
Indian stock markets crashed on April 2, 2026, with the Sensex falling over 1,500 points and Nifty dropping 2 per cent after US President Donald Trump's warning of intensified attacks on Iran
One of the most important factors that will determine market's trajectory in the weeks ahead, according to analysts, remains crude oil prices.
Tensions remain high in West Asia as Donald Trump threatens stronger attacks on Iran if talks fail. Here are the top updates at 10 am (IST)
Iran has approved a plan to impose tolls on ships passing through the Strait of Hormuz amid the ongoing West Asia war, raising concerns over global oil supply as Brent crude trades near $111 a barrel
Retail fuel price hike is unavoidable with crude above $110/bbl, suggest analysts at Elara Capital. At $125 crude, even after the excise cut, the retail price needs to rise by Rs 8-14/liter, they add.
The Government of India has not announced any windfall tax on domestic crude realisations; this is a key positive for ONGC and Oil India, believe analysts.
The drops in Asia follow the deep declines on Wall Street last Friday that finished off a fifth straight losing week, its longest such streak in nearly four years
A conflict that stretches through the second quarter would result in historically high real prices, analysts said
Thus far in the calendar year 2026, ONGC stock has outperformed the market by soaring 15 per cent, as against 12.8 per cent decline in the BSE Sensex.
Mohammed Imran, research analyst at Mirae Asset Sharekhan, maintains the Q2 2026 Brent target of $110/bbl and WTI at $100
The rupee strengthened after three days of losses on easing crude and dollar index, while bond yields hardened on higher-than-expected SDL auction cut-offs
Traders reportedly placed $580 million in oil bets minutes before Donald Trump's post on Iran talks, triggering sharp moves in crude and stocks and raising questions over the timing of the trades
Iran warned it may close the Strait of Hormuz if its power plants are attacked; oil prices stayed high, with Brent crude trading above $112 per barrel. Here are the top updates at 10 am:
System adds hundreds of millions of dollars to India's fuel import bill; ministry aware
Iran launched missile strikes across the region as the US seeks $200 billion for the war; attacks on energy sites raised supply concerns, while India moved to secure fuel imports and evacuate citizens
Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
US stocks are sinking Wednesday after another climb for oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began. The S&P 500 fell 0.5 per cent and was on track for its first loss this week. The Dow Jones Industrial Average was down 377 points, or 0.8 per cent, as of 11 am. Eastern time, and the Nasdaq composite was 0.5 per cent lower. Stocks fell under the pressure of a 6.2 per cent climb for the price of a barrel of Brent crude, the international standard, to USD 109.84. Benchmark US oil rose 2.3 per cent to USD 97.70 per barrel. Oil and natural gas prices have been spiking since the war began because of disruptions to the Persian Gulf's energy industry. Iran's state television said Wednesday that the Islamic Republic would be attacking oil and gas infrastructure in Qatar, Saudi Arabia and the United Arab Emirates after an attack on facilities associated with its offshore South Pars natural gas field. If the disruptions .