Page 3 - Crude Oil Price

Rupee recoups intraday losses as RBI intervenes via dollar sales

The rupee recovered from an intraday low of 96.15 per dollar to close flat at 95.99, aided by RBI intervention, softer crude prices and foreign inflows

Oil rise, bond yields: Top factors behind Tuesday's stock market fall

BSE Sensex ended the day at 243 points or 0.33 per cent at 72,529, while Nifty 50 closed the day at 22,716, down 64 points or 0.28 per cent.

Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%

Crude oil flows from the Strait of Hormuz have increased to average above 10 mbpd as per the shipping tanker tracker data.

Oil prices rise for second session on continued West Asia supply concern

Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel ‌by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%

Oil gains 3%, gold at 7-week low as West Asia peace hits stalemate

Brent futures were up $2.98, or 2.86 per cent, at $107.30 a barrel by 1206 GMT after hitting their highest since September 15 earlier in the session

Mkt crash wipes off ₹7.4 trn; Sensex down 1,180 pts intraday: 5 key factors

All sectoral indices traded in the red in early trade. Broader markets also faced intense selling pressure as both midcap and smallcap indices were down 1 per cent each.

India VIX spikes 14% as oil, geopolitical risks trigger market sell-off

India VIX indicates expected volatility in the market over the next 30 days. Higher levels suggest greater volatility as traders expect larger price swings in the market.

RBI Bulletin: FCNR(B) boost for rupee dented by recent crude oil spike

Commercial banks mobilised $133 billion in FCNR(B) deposits after the RBI opened its concessional swap window in June, prompting the scheme to close a month early

Oil prices fall as markets weigh Iran truce, oil facility attack risks

Brent was down 87 cents, or ​0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down $1.56, or 1.65%, at $93.05 ‌a barrel

Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

The rupee settled at 95.96 per dollar, while the benchmark 10-year government bond yield rose 6 basis points to 7.11 per cent, its highest level since May 21

Oil prices edge lower as Iran signals openness to diplomacy to end US war

Brent crude fell 0.9% to $102.13 a barrel after a 4% rise a day earlier as Tehran reviews Washington's response to proposals on the Strait of Hormuz

Gulf nations keep oil flowing through Iran war, but costs are mounting

When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its militant allies targeted those, the oil exporters and the US military found others - workarounds for the workarounds - in an often clandestine game of whack-a-mole. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a US naval blockade and tightened sanctions smother its own economy. But the workarounds are expensive and

Crude oil drops, but physical tightness tells a more cautious story

The diplomatic picture adds further uncertainty. Trump described his meeting with Iran's delegation at the UNGA as very good and indicated further discussions are scheduled.

Rupee extends gains for fifth straight session tracking fall in crude oil

The rupee settled at 95.59 per dollar as falling crude prices and likely dollar sales by state-run banks supported the currency; the 10-year bond yield fell 4 bps

Crude oil outlook: US-Iran talks; high transit cost in focus

The global cost of carrying crude oil which used to be around 1-2 per cent of the total contract value has now faring 20-25 per cent to Asian refiners.

India's crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs

India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict

Oil prices rise slightly ahead of potential US-Iran talks at UNGA

The Brent crude futures November contract ​gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT

Oil prices hit over 1-week low on hopes of boost to diplomacy in Iran war

Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ‌Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%

The world's most unpredictable variable

The Strait of Hormuz isn't the only thing that will keep oil prices volatile

Why oil prices have avoided worst-case surge as Iran war enters sixth month

It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride. The war grinds on and oil prices certainly remain volatile. But the most dire projections have not yet come to pass six months into a conflict that has no end in sight. Chinese President Xi Jinping, who is making a much-anticipated state visit to Washington next week, could make a credible argument that the world has his country's energy strategy to thank for that. It's unclear how much the two leaders will discuss Iran during the visit, which comes as Trump's Republican Party faces pressure from voters over high gasoline prices, and as China's buffer is being further tested as the conflict in the Middle East spreads. Trump, who has sought to keep a fragile trade truce with Beijing intact, has been careful in public