Page 12 - Crude Oil Price

Impact of West Asia conflict on India Inc so far is limited: Crisil Ratings

CRISIL Ratings in its latest report said that the ongoing conflict in the Middle East so far did not have any significant impact on global trade of Indian corporates. However, if the uncertainties aggravate, some sectors might feel the impact, the report said. The uncertainties have impacted global crude markets, with the Brent crude hovering in the range of USD73 to USD76 per barrel over the past one week. During April and May, the Brent crude was hovering around USD 65 per barrel. Any escalation of the tensions could result in further spike in oil prices, the report said, adding that this will benefit upstream oil companies and margins for the downstream refiners will get squeezed, according to the report. It said India's direct trade with Israel and Iran, the two countries engaged in the conflict, is minuscule at less than one per cent of total trade. While India's major export to Iran is basmati rice, trade with Israel is more diversified, the report added. Any escalation of

Stock market close: Sensex up 1,046 pts, Nifty tops 25K as markets snap 3-day fall; all sectors gain

Sensex Today | Stock Market close, Friday, June 20, 2025: The Nifty MidCap index and the Nifty SmallCap index edged by over 1 per cent each

Sensex rises 1,100 pts, Nifty tops 25,100: What's driving market rally?

Why are markets rising today? Sensex and Nifty gained over 1 per cent in trade; Sensex rallied 935 points and Nifty traded above 25,000; here's why

Strait of Hormuz closure risk may push Brent crude to $90, warns Citigroup

A potential shutdown of the Strait of Hormuz amid rising Gulf tensions could trigger a sharp but brief surge in crude prices, according to Citigroup analysts tracking energy markets

Stock market highlights: Sensex sheds 83 pts, Nifty at 24,793; SMIDs tank over 1%; Auto outperforms

Stock Market highlights on Thursday, June 19, 2025: Barring Nifty Auto, all the sectoral indices on the NSE ended lower, with the Nifty PSU Bank index being the top laggard, declining by 2.04 per cent

Analysis: Can crude oil prices rally more as Israel-Iran war escalates?

Oil price outlook: Crude oil prices are likely to remain supported by geopolitical uncertainty and tightening inventories in the near term

Stock Market close highlights: Sensex sheds 139 pts, Nifty at 24,812; IT, Metal drag; Cons Dur shine

Sensex Today | Stock Market close Wednesday, June 18, 2025: The Nifty Midcap100, and Nifty Smallcap100 indices settled lower by 0.46 per cent and 0.23 per cent, respectively

Rupee extends slide on West Asia tensions; opens lower at 86.37/$

Indian Rupee today: The domestic currency depreciated 13 paise to end at 86.37 against the dollar, the lowest level since April 9 this year

FMCG companies in wait-and-watch mode as global crude oil prices climb

While packaging and freight costs may rise, FMCG companies are holding off on price increases, citing hedging cover and watching for sustained crude price trends

Stock Market close highlights: Sensex down 213 pts, Nifty at 24,853; pharma top drag, IT bucks trend

Sensex Today | Stock Market close, Tuesday, June 17, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index were down 0.79 per cent and 0.82 per cent, respectively.

Rising crude oil prices may weigh on India's current account deficit

Mildly affect growth, inflation, say economists

Higher crude oil prices, production gains positive for upstream players

Even if Iranian production is curtailed, the OPEC+ decision to ramp up production implies other supply would compensate

Markets snap two-day losing streak, shrug off Israel-Iran conflict

Gain underpinned by DII support and strong performance of heavyweight stocks as investors shrug off geopolitical tensions and bet on long-term fundamentals

Trade deficit narrows to $22 billion as shipments, imports contract

Despite overall decline in merchandise exports, shipments to US grew by 17%

Collateral damage: High crude oil prices will stifle economic growth

For a global economy already grappling with trade-related uncertainties, a sustained increase in oil and gas prices would further cloud the outlook

Stock Market close highlights: Sensex jumps 677 pts, Nifty at 24,946; all sectors settle in green

Sensex Today | Stock Market close, Monday, June 16, 2025: Oil prices were in the red today with the WTI crude oil down around 0.6 per cent

Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate

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

Oil's lost decade is about to be repeated amid rising clean energy bets

Even looking forward to 2026, crude output is likely to remain below the production peak the world hit in 2018

Rupee, stock markets slip; crude oil soars as Israel strikes Iran

Ships transiting Strait of Hormuz, a vital oil artery, put on alert

Rupee weakens to 2-month low as crude surges on West Asia tensions

Rupee falls sharply to ₹86.09 per dollar amid rising crude prices due to Israel-Iran conflict; RBI intervenes as Brent jumps 11%, FX reserves touch $697 billion