Prices rose earlier on Wednesday but then uncertainty over the Middle East conflict prompted investors to lock in gains
India VIX, which reflects investors' perceptions of market volatility in the near term, fell 9.89 per cent to 25.13 amid hopes of de escalation in the West Asia conflict
The oil crisis is unfolding amid record global debt, fragile supply chains, and emerging market volatility
Global markets rebound amid Iran war tensions, as easing fears lift stocks while oil prices head for a record monthly surge
A month into the war, investors continue to be whipsawed by a barrage of headlines as tensions and attacks between the US, Israel and Iran escalate
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.
A weaker rupee and a war-led jump in crude may make India pay more for imports, affecting headline inflation as well as the trade deficit
Here's how leading analysts expect FY27 to play out for different asset classes and suggest an ideal investing strategy.
Brent crude futures jumped $3.16, or 2.81 per cent, to $115.73 a barrel by 2205 GMT after settling 4.2 per cent higher on Friday
FMCG firms are closely tracking crude-linked input costs amid West Asia tensions, while consumer durable companies have already raised prices due to rising raw material pressures
Stock Market crash today: Sensex and Nifty 50 snapped their two-day gaining streak on Friday after US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz to April 6
A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs
Deven Choksey believes the excise cut may bring some respite to OMCs amid high energy prices, while create a ₹1.5 trillion dent to the exchequer per year.
Brent futures fell 84 cents, or 0.8 per cent, to $107.17 per barrel as of 0353 GMT, while US West Texas Intermediate futures lost $1.02, or 1.1 per cent, to $93.46 per barrel
Selective IT services companies with strong digital portfolios, diversified clients, and disciplined cost structures could indeed present a contrarian opportunity, he said.
Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.
Nayara Energy has raised petrol and diesel prices amid crude supply disruptions, becoming the first company to hike non-branded fuel rates in India
Brent futures rose $1.13, or 1.1 per cent, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude futures were up $1.08, or 1.2 per cent, at $91.40 a barrel
Indian equities advance for a second session as oil prices soften, but geopolitical uncertainty and supply disruptions continue to limit upside
Weaponising trade chokepoints has fragmented global markets like crude oil, leading to sharp regional price variations