Page 2 - Crude Oil Price

Oil prices set for biggest weekly loss in 10 months after US-Iran ceasefire

Brent crude futures were up 5 cents, or 0.05 per cent, at $95.97 a barrel by 1150 GMT

US - Iran ceasefire & markets: How brokerages interpret the developments

Here's how leading brokerages have interpreted the recent developments in West Asia and their likely impact on stock markets and crude oil prices.

India must rethink reliance on West Asia after current energy shock: ONGC

As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and CEO Arun Kumar Singh said on Friday. India, which relied on the Middle East to meet nearly half of its crude oil imports, 30 per cent of its gas and 85-90 per cent of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said. The six-week long was shut the only shipping lane that was used by the Gulf countries to export crude oil (raw material for making petrol and diesel), natural gas (used to make fertilizer, generate electricity, turn into CNG to power automobiles and piped to household kitchens for cooking) and cooking gas LPG. This led to an energy crisis in several importing countries, including India which had to prioritise supply of gas. "Thinking that

Domestic refiners splurge on Russian oil as sanctions threat begins to fade

Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler

Oil prices rise following strikes on Saudi Arabia's energy infrastructure

Brent crude futures gained 83 cents, or 0.87 per cent, ‌to $96.75 a barrel as of 0100 GMT

Reliance on Hormuz for imports above global average: Oil secy Neeraj Mittal

Oil secretary flags higher dependence on Hormuz route for crude, gas and LPG, underscores need for resilient infrastructure amid West Asia tensions

'West Asia conflict duration, oil price trajectory hold key for markets'

Equity, by its nature, Rashesh Shah, CMD, Edelweiss Financial Services believes, is not a one- or two-year asset class, it represents ownership in businesses that compound over a decade.

Oil rebounds above $100 as Hormuz remains blocked, supply fears linger

Iranian Parliament Speaker Mohammad-Bagher Ghalibaf said in a statement on X that three clauses of the ceasefire proposal have been violated

Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst

Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels

West Asia crisis: Brent above $100 could slice corporate margins by half

BS 1000 companies brace for potential earnings collapse if crude keeps climbing

Markets believe that the worst phase of West Asia war is over: Samir Arora

Markets had discounted the bad news with select pockets seeing a dip of over 15 per cent, which have recovered partially now, Arora of Helios Capital said.

India set to recieve first Iranian oil cargo in 7 years, shows data

Refiners ​have purchased ‌Iranian oil amid the ‌West Asia conflict that ‌has disrupted supplies ​through ​the Strait of Hormuz

Crude oil futures crash 6% to hit lower circuit after US-Iran ceasefire

Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting its lower circuit limit amid aggressive selling as easing tensions reduced fears of supply disruptions. Globally, oil prices retreated after the ceasefire announcement between the US and Iran, which is expected to restore supply flows through the Strait of Hormuz - a key transit route for nearly one-fifth of global oil shipments. West Texas Intermediate (WTI) crude futures for May delivery tumbled by USD 17.11, or 15.15 per cent, to USD 95.84 per barrel, while Brent oil for June contract plunged by USD 14.52, or 13.2

Oil hovers near $110 as Trump's Iran deadline looms over Hormuz reopening

Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price

Morgan Stanley cuts India FY27 GDP forecast by 30bps to 6.2%

If crude spikes to $150/bbl for a quarter, we see FY27 (GDP) growth at around 5.7 per cent, CPI inflation breaching 6 per cent and the CAD widening to around 3 per cent of GDP, Morgan Stanley said.

Oil prices rise as Trump sharpens rhetoric on Iran; Brent crude at $110

Adding to supply concerns, Russia on Monday said Ukrainian ‌drones attacked ​the Caspian Pipeline ​Consortium's terminal on the Black Sea, which handles 1.5 per cent of global oil supply

Saudi hikes Asia oil price to record premium amid Hormuz disruption

State oil producer Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia

Reliance slips 4%; stock hits over 10-month low, m-cap falls below ₹18 trn

Share price of Reliance Industries hit an over 10-month low at ₹1,300.20 in Monday's intra-day trade and has corrected by 19% from its 52-week high of ₹1,611.80 touched on January 5, 2026.

Every $10 rise in oil above $90/bbl may hit Nifty earnings by 3%: Bernstein

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.