Page 5 - Crude Oil Price

Asian shares, oil prices mixed as US strikes in Iran cloud peace talks

Shares were mixed Tuesday in Asia after the US military said it carried out what it called "self-defence" strikes in southern Iran, including on missile launch sites and boats placing mines. The attacks came even as President Donald Trump said on social media that negotiations on ending the war were "proceeding nicely." US futures jumped. Oil prices were mixed, with Brent crude trading below USD 95 a barrel. The US military said the strikes Monday were done "to protect our troops from threats posed by Iranian forces." It said it used restraint due to the ceasefire with Iran, which gave no official response. Further details were not immediately available, including more specifics on threats from Iran and what this means for negotiations. With the status of peace talks with Iran unclear, markets have been swayed by various developments and comments by Trump. "Markets are behaving as though a full Iran breakthrough already exists, even though the hardest parts of the negotiation rema

Time to stop slipping on oil: Renewable energy can shield India from shocks

For, every oil price spurt so far has led to an economic crisis that, in turn, has provoked political change

Markets rebound: Sensex up 1,144 pts intraday; Nifty tops 24k; key reasons

The Sensex touched a high of 76,335, up 919.5 points, or 1.20 per cent. Likewise, the Nifty 50 hit an intraday high of 23,989, up 270 points, or 1.12 per cent

Oil falls 6% to two-week low as US-Iran seen moving closer to peace deal

Brent crude futures fell $5.85, or 5.7 per cent, to $97.69 ‌a barrel by 0343 GMT, while US West Texas Intermediate were at $90.85 a barrel, down $5.75, or 6 per cent

Asian shares rise, oil dips after Trump says Iran talks progressing

Asian shares mostly rose Monday and oil prices plunged after US President Donald Trump said talks on ending the war with Iran are progressing. Japan's benchmark Nikkei 225 surged 3.1 per cent in morning trading to 65,321.56. Australia's S&P/ASX 200 added 0.4 per cent to 8,692.70. The Shanghai Composite edged up 0.4 per cent to 4,127.53. Trading was closed in South Korea and Hong Kong for holidays marking Buddha's birthday. Trading will be closed in the US on Monday for Memorial Day. Trump said negotiations with Iran were "proceeding in an orderly and constructive manner." Meanwhile, regional officials told The Associated Press on Sunday that the United States is close to reaching a deal with Iran that would end the war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium, Reopening the Strait of Hormuz will help decide the direction of oil prices. The closure has prevented oil tankers from exiting the Persian Gulf and delivering crude to ...

RBI's MPC likely to maintain status quo in June: Business standard poll

The domestic rate-setting panel cut the policy repo rate by a cumulative 125 basis points in 2025 and it was on hold in the February and April policies

Rupee among Asia's most vulnerable currencies amid crude oil risks

Barclays and MUFG warn the rupee could face further pressure from elevated crude prices, widening deficits and prolonged conflict in West Asia

Crude oil prices remain risk to external sector outlook: RBI Bulletin

The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on Friday. The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin. Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, it said. In agriculture, summer sowing progressed well, supported by above normal pre-monsoon rainfall and comfortable reservoir levels, the article said, adding that CPI inflation rose to 3.5 per cent in April, driven mainly by food inflation, while core inflation remained steady. It noted that the conflict in West Asia continued to exert pressure on commodity markets, global trade flows and supply chains, contributing to the volatility in financial markets. "India has entered this phase from a position of ...

Best of BS Opinion: India-Nordic Summit marks wider shift in foreign policy

Today's opinion wrap examines the Bajaj group's legacy, India's Nordic outreach, oil trade vulnerabilities, the US Federal Reserve's independence and a book on Chapal Bhaduri

India's shrinking bond yield cushion: Why the US-India spread matters

India's 10-year bond yield premium over the US has narrowed to around 250 basis points, well below its decade average. But does that mean RBI will cut rates? Let's find out

Bond yields, oil shock rattle markets; can India withstand macro headwinds?

Despite the strong macro headwinds, the stock market has been reasonably stable, supported mainly by domestic investment. Since the market valuations are fair now, a sharp correction appears unlikely.

Best of BS Opinion: Govt must allow greater price adjustments

From rising oil pressures and coal gasification to urban housing reform and RBI policy, today's BS Opinion explores the economic and structural challenges shaping India's future

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country

Brent to average $90 if US-Iran pact resolves Hormuz disruption: Analyst

The probability of US-Iran negotiations entering a more substantive phase is rising-every additional week of disruption deepens financial market stress that the White House cannot indefinitely absorb

Oil prices slip after Trump says US will end Iran war 'very quickly'

Brent crude oil futures fell ​88 cents, or 0.8 per cent, to $110.40 a barrel by 0410 GMT, while US West Texas Intermediate futures were down 67 ‌cents, or 0.6 per cent, to $103.48

Best of BS Opinion: Centre, states face strong fiscal headwinds

From Bharti Airtel's succession planning and AI-driven cyber risks to the economic fallout of the West Asia conflict and India's investment needs - here are today's top opinion pieces

India's oil trade deficit set to balloon to new high in FY27: Crisil

Crisil expects India's oil trade deficit and current account deficit to widen sharply in FY27 as Brent crude prices rise amid the West Asia crisis

OMCs gain after fuel price hike; Nifty Oil & Gas index rises up to 0.6%

Petrol and diesel prices were raised by around 90 paise per litre on Tuesday, marking the second fuel price hike in less than a week

From medical tourism to casinos, Southeast Asia hit hard by oil shock

The aviation industry is among the hardest hit as more expensive tickets disrupt travel demand.

Sensex drops over 1,000 pts but still ends in green amid West Asia crisis

Benchmark indices recovered from sharp early losses as IT stocks rallied and foreign investors continued buying despite escalating tensions in West Asia