For the first time since the US-Iran war started in February 2026, S&P Global Energy does not project West Asian crude oil production to return to prewar levels by the end of 2027
Brent crude futures rose 81 cents, or 0.8%, to $108.44 a barrel by 0345 GMT while US West Texas Intermediate crude rose 69 cents, or 0.7%, to $103.17 a barrel
OMCs are losing ₹5 a litre on petrol and ₹23 on diesel as Brent crude crosses $100 a barrel, while escalating US-Iran tensions add to India's energy supply risks
Brent Crude oil last traded above the $100 mark on May 25, 2026, before Wednesday; since then select stocks from the Nifty Oil & Gas index soared up to 82%, while two declined over 10%, shows data.
Brent crude futures were up $2.01, or 2.05%, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19, while US West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel
Rupee settles at 94.83 per dollar against 94.49 previously as rising crude oil prices, importer hedging and persistent risk-off sentiment boost dollar demand
Brent crude futures were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT while US West Texas Intermediate crude was at $94.41 a barrel, up $2.93, or 3.2%.
Crude oil shipments from West Asia producers are at about 11 million barrels per day (bpd) now, from 18 million bpd before the Iran war began seven months ago
Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz
Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%
Developments in the West Asia conflict, crude oil prices, and US inflation data would be the major drivers for the stock market next week, according to analysts. Besides, trading activities of foreign investors and global market trends will also influence domestic equities. "This week is expected to remain highly sensitive to global monetary policy, crude oil prices and geopolitical developments. Investors will closely monitor the impact of the stronger-than-expected US employment data on expectations regarding the Federal Reserve's September policy decision," Ajit Mishra SVP, Research, Religare Broking Ltd, said. On the domestic front, investors will continue to monitor foreign institutional flows, the rupee, crude oil prices and domestic liquidity, he added. "Developments around the Strait of Hormuz will also remain a critical monitorable given their implications for India's inflation, external balance and corporate profitability," Mishra noted. Brent crude gained more than 8 p
Mirae Asset Sharekhan believes that the crude oil market balance is likely to remain in deficit through 2026.
Brent crude fell 0.45% to $95.20 a barrel while WTI slipped 0.26% to $90.77 as investors weighed the risk of renewed US-Iran strikes disrupting West Asian supplies
Brent crude futures rose 87 cents, or 0.92%, to $95.52 a barrel by 0008 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.89%, to $91.02
WTI Crude Oil prices surged more than 3 per cent after the US forces struck Iranian rocket launchers near the Strait of Hormuz.
Russian crude oil supplies to India, which set records in June and July at nearly 55 per cent of the country's total imports and bailed out Indian refiners, are under threat while West Asian supplies
US refineries are running near maximum capacity at 97.4 per cent, supported by strong export demand.
At the bourses, meanwhile, investors sought refuge in realty, pharma and the metal pack. Their respective indexes on the NSE gained up to 17 per cent thus far, ACE Equity data shows.
Brent crude futures were down 25 cents, or 0.3%, to $89.45 a barrel while West Texas Intermediate crude futures fell 22 cents, also 0.3%, to $83.31
Rabobank expects Brent to remain volatile in the months ahead, with $70-$75/bbl acting as the lower-end support zone and $95-$100 forming the upper end of the range.