Page 2 - Crude Oil Price

Oil outlook: Prolonged Iran war, Hormuz disruption may keep Brent near $90

Prolonged Strait of Hormuz disruption may keep oil prices higher for longer, says Mohammed Imran of Mirae Asset Sharekhan. He forecasts Brent at $90 in Q4-CY26; risks skew to $120 on supply shock

Oil prices jump nearly 3% as Hormuz disruption outweighs UAE Opec exit

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

IndiGo, SpiceJet fall up to 5% as FIA warns of shutdown on rising ATF costs

Airline stocks have remained under pressure as crude oil prices extended gains amid escalating tensions in West Asia

Oil prices up 2% as stalled US-Iran talks keep Hormuz supply risks high

Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7

ONGC hits 52-wk high, Oil India up 4%; what's driving upstream oil stocks?

ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts.

Analysts trim India Inc's FY27 earnings forecast amid West Asia war

JP Morgan has revised down its FY27 earnings estimates by 2-10 per cent on a weighted-average basis over the last few weeks across sectors such as Consumer, Auto, Financials and OMCs

Best of BS Opinion: Hopes fade for early resolution of West Asia crisis

From rising West Asia tensions and oil shocks to heat stress on food systems and women farmers' role in India, here are the key insights from Business Standard's Opinion page today

West Asia situation, crude oil prices likely to steer markets this week

The geopolitical situation in West Asia, particularly developments around the Strait of Hormuz, Q4 earnings from corporates and crude oil prices are the major factors to drive sentiments in the stock market in a holiday-shortened week ahead, analysts said. Stock markets would remain closed on Friday for Maharashtra Day. "Looking ahead, markets are expected to remain highly news-driven and volatile, with key focus on developments in US-Iran negotiations, trends in crude oil prices, and broader global cues. Stability or a decline in oil prices could help ease macro concerns and support risk sentiment, while any escalation or prolonged disruption in the Strait of Hormuz may trigger renewed volatility and profit booking," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The ongoing Q4 earnings season is expected to act as a key catalyst for stock-specific price action, with market participants closely tracking reported numbers, forward guidance, and sectoral

Weekly economy wrap: West Asia shock tests India, demand holds firm

Economy wrap April 20-26: From RBI caution to export resilience and trade tensions, the week showed an economy navigating global risks while leaning on domestic demand

Markets fall on IT sell-off, high crude prices amid Hormuz tensions

Sensex drops 1,000 points as IT stocks slide sharply and crude oil spikes amid Strait of Hormuz uncertainty, while FPIs remain net sellers and brokerages turn cautious

West Asia conflict weighs on RIL's O2C margins despite strong revenue

Higher crude prices and fuel demand lifted revenue, but elevated costs and supply disruptions weighed on margins in Oil-to-Chemicals business

When geopolitics becomes economics: India's moment in a disrupted world

Geoeconomics is no longer a subset of geopolitics; it is fast becoming its primary language

JP Morgan downgrades India to neutral amid earnings woes, lack of AI plays

JP Morgan's 2026 year-end bull / base / bear case targets for the Nifty 50 stand at 30,000 / 27,000 / 20,500 levels, respectively.

Sensex extends losses, falls 1200 pts intraday; Nifty below 23,900: Reasons

The Sensex touched a low of 76,680.75, down 983.253 points, or 1.26 per cent. Likewise, the Nifty 50 hit an intraday low of 23,893.40, down 279.65 points, or 1.15 per cent

Crude outlook: Oil may head toward $112 on supply risks amid West Asia war

The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.

Emkay downgrades OMCs as oil prices surge; FY27 earnings may fall up to 60%

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

Asian shares mixed, oil prices advance on stalled US-Iran peace talks

The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon

Oil rises on concerns over escalating tensions in West Asia; Brent at $106

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

Rupee drops 0.3% to 94.10, extends 4-day losing streak as oil crosses $100

The rupee closed at 94.1050 against the US dollar, down 0.3 per cent on the day. The currency has declined over 1 per cent so far this the week, pressured by a near 15 per cent rise in crude prices