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 country benefited from lower crude oil prices, driven by an oversupplied global market and subdued demand conditions
Fears of renewed trade war escalated after Trump said he would impose additional 10% levies from February 1 on goods imported from European nations if no deal on Greenland was reached
Global inventories are expected to build by an average of 2.8 mbpd through the first half of the year, marking the largest surplus in recent memory
Trump said that he had been told that killings in Iran's crackdown on nationwide protests were subsiding and he believed there was currently no plan for large-scale executions
Recent geopolitical developments have seen record fuel supplies, expanded discounts on oil and robust domestic appetite for fuel
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
On January 3, the US launched a large-scale operation in Venezuela's capital Caracas and captured President Nicolás Maduro and his wife Cilia Flores
The deal between Washington and Caracas could initially require cargoes that were bound for China to be rerouted, sources told Reuters
Mirae Asset Sharekhan expects global oil market to be in surplus for a pro-longed period. It predicts WTI crude oil to hit $48 per barrel-mark in 2026
Crude oil prices are expected to soften significantly in 2026, and they could touch USD 50/barrel by June 2026, a report said on Monday. According to the SBI Research report, the deceleration of prices is likely to be faster, and this could average CPI inflation for FY27 decisively below 3.4 per cent. Benign energy prices will impact the GDP outlook favourably, it said, adding that the expected impact on annual GDP growth is around 10-15 bps. The medium-term trends since 2022 for Brent and Indian basket show that there has been a downward trend in crude prices, it added. The latest event in Venezuela has not impacted the price significantly on the upside, the report pointed out. Brent crude price has been hovering around USD 60 per barrel for the last one week. Since oil prices constitute the largest component in the import basket and cannot be substituted with domestic production in the short term, contraction of the import bill on account of crude import prices will impact the
Sensex Today | Stock Market LIVE on Friday, January 02, 2026: In broader markets, the Nifty Midcap 100 and the Nifty Midcap 100 were trading 1.01 per cent and 0.72 per cent higher, respectively
Despite multiple flashpoints during the year, oil prices struggled to sustain rallies, highlighting the market's growing sensitivity to excess supply
Sensex today | Stock Market Close, December 31, 2025: In CY 2025, Nifty MidCap 100 rose 5.7 per cent, extending its winning streak to six years, while Nifty SmallCap slipped 5.6 per cent
OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.
Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.
Brent crude futures fell $1.11, or around 1.8 per cent, to $59.45 a barrel at 1023 GMT, while US West Texas Intermediate crude was trading at $55.71 a barrel, down $1.11, or nearly 2 per cent
Sensex Today | Stock Market highlights on December 15, 2025: In the broader markets, the Nifty MidCap index slipped 0.12 per cent, and the Nifty SmallCap index rose 0.21 per cent
OPEC+, according to a Rabobank International note, will respond to lower prices through supply cuts or through the refined products market
Sensex Today | Stock Market close, Dec 5, 2025: In the broader markets, the Nifty MidCap index gained 0.49 per cent, and the Nifty SmallCap index dropped 0.57 per cent