The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96
Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security
Kunal Kamble, technical analyst at Bonanza helps decode a trading strategy in oil & gas related stocks as Crude Oil prices surge to a multi-year high around $119 per barrel on Monday.
The US-Israeli war against Iran, which began a week ago, has choked the Strait of Hormuz, the main route for global oil
On the flip side, a deal between the US and Iran coupled with the excess global supply/capacity could see limit the upside after a volatile phase, analysts said.
Sensex today | Stock Market Highlights, February 18, 2026: In the broader markets, Nifty MidCap 100 was up 0.5 per cent, while the Nifty Smallcap 100 index closed 0.54 per cent higher
Sensex Today | Stock Market LIVE Updates, Tuesday: The GIFT Nifty indicated a negative start for the Nifty 50. Asian markets were trading mixed in holiday-thin trade. Oil future prices declined
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
Crude oil prices are holding firm this week as tensions between Iran and the US temporarily ease after Donald Trump indicated he does not intend to launch military action.
The current upward trajectory is primarily driven by a toxic mix of heightened geopolitical risks in the Middle East, infrastructure disruptions in the Caspian region, and significant capital inflows
Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.
Indian Rupee today: The domestic currency closed four paise lower at 88.75 on Monday against the greenback, according to Bloomberg
Since the conclusion of the Iran-Israel conflict, oil prices have retreated and stabilised within a broader trading range of around $6 per barrel
Geopolitical developments are a primary driver of market uncertainty. The Trump-Putin talks could either ease concerns over US sanctions on Russian oil or escalate tensions if negotiations falter.
Brent crude futures were up 40 cents, or 0.58 per cent, at $69.04 a barrel as of 1027 GMT. US West Texas Intermediate crude ticked up 45 cents, or 0.68 per cent, to $67.02 a barrel
The attacks, according to analysts at Rabobank International, expose wider risks to crude and natural gas supplies from the region despite the initial quick reversal of price gains for both markets
Crude prices have had the most volatile week in four years as the prices tumbled over 20 per cent in 4 trading sessions amidst the trade war turmoil
In the previous session (March 7), Sensex settled at 74,332.58, down 7.51 points or 0.01 per cent. Nifty50, on the other hand, settled 7.80 points or 0.03 per cent higher at 22,552.50
We remain bearish on oil prices for 2025, although Opec+ extension may hold prices from steep fall in Q1-2025
With Israel looking to carry out its offensive against Hezbollah to the next level, traders will monitor the evolving situation in Middle East closely for possibility of disruptions to oil supplies.