Page 6 - Crude Oil Price

Brent crude may cross $110 if Hormuz oil flow halves: Goldman Sachs

But Kotak Institutional Equities believes market concerns are driving oil prices and points to sufficient OPEC+ spare capacity and well-supplied global inventories

Stock market close highlights: Sensex sheds 511 pts, Nifty at 24,972; SMIDs outperform; IT, Auto dip

Stock market highlights on June 23, 2025: The broader markets outperformed the benchmarks as Nifty Midcap100 and Smallcap100 indices settled higher by 0.36 per cent and 0.70 per cent respectively

US asks China to dissuade Iran from closing Strait of Hormuz oil route

Roughly 20% of global oil passes through the Strait; US urges Beijing to act as Iran's parliament backs closure plan after US strikes on nuclear sites

US bombs Iran nuclear facilities: Impact on stocks, bonds, oil decoded here

Iran warned that it may close the Strait of Hormuz (~26 per cent of oil trade), attack US military installations in the region, and take other military and diplomatic actions.

Oil, gold prices set to flare up as US strikes Iran's nuclear sites

But despite the US hit, the Iran-Israel war is still going on, and Iran has threatened to attack US military installations in the Gulf

Threat of supply disruptions rising but India has enough stock: Officials

India has enough crude reserves and is boosting imports from other sources even as the Strait of Hormuz faces risk of disruption due to the escalating Iran-Israel conflict

Rupee expected to depreciate to 87 per dollar by July-end: BS Poll

The rupee settled at 86.59 per dollar on Friday. Crude oil prices remain a significant idiosyncratic risk for the rupee, said market participants

Statsguru: Turmoil for India as oil price rises amid Iran-Israel conflict

Any move by Iran to restrict shipping there could escalate prices further, intensifying pressure on energy-importing nations like India

Impact of West Asia conflict on India Inc so far is limited: Crisil Ratings

CRISIL Ratings in its latest report said that the ongoing conflict in the Middle East so far did not have any significant impact on global trade of Indian corporates. However, if the uncertainties aggravate, some sectors might feel the impact, the report said. The uncertainties have impacted global crude markets, with the Brent crude hovering in the range of USD73 to USD76 per barrel over the past one week. During April and May, the Brent crude was hovering around USD 65 per barrel. Any escalation of the tensions could result in further spike in oil prices, the report said, adding that this will benefit upstream oil companies and margins for the downstream refiners will get squeezed, according to the report. It said India's direct trade with Israel and Iran, the two countries engaged in the conflict, is minuscule at less than one per cent of total trade. While India's major export to Iran is basmati rice, trade with Israel is more diversified, the report added. Any escalation of

Stock market close: Sensex up 1,046 pts, Nifty tops 25K as markets snap 3-day fall; all sectors gain

Sensex Today | Stock Market close, Friday, June 20, 2025: The Nifty MidCap index and the Nifty SmallCap index edged by over 1 per cent each

Sensex rises 1,100 pts, Nifty tops 25,100: What's driving market rally?

Why are markets rising today? Sensex and Nifty gained over 1 per cent in trade; Sensex rallied 935 points and Nifty traded above 25,000; here's why

Strait of Hormuz closure risk may push Brent crude to $90, warns Citigroup

A potential shutdown of the Strait of Hormuz amid rising Gulf tensions could trigger a sharp but brief surge in crude prices, according to Citigroup analysts tracking energy markets

Stock market highlights: Sensex sheds 83 pts, Nifty at 24,793; SMIDs tank over 1%; Auto outperforms

Stock Market highlights on Thursday, June 19, 2025: Barring Nifty Auto, all the sectoral indices on the NSE ended lower, with the Nifty PSU Bank index being the top laggard, declining by 2.04 per cent

Analysis: Can crude oil prices rally more as Israel-Iran war escalates?

Oil price outlook: Crude oil prices are likely to remain supported by geopolitical uncertainty and tightening inventories in the near term

Stock Market close highlights: Sensex sheds 139 pts, Nifty at 24,812; IT, Metal drag; Cons Dur shine

Sensex Today | Stock Market close Wednesday, June 18, 2025: The Nifty Midcap100, and Nifty Smallcap100 indices settled lower by 0.46 per cent and 0.23 per cent, respectively

Rupee extends slide on West Asia tensions; opens lower at 86.37/$

Indian Rupee today: The domestic currency depreciated 13 paise to end at 86.37 against the dollar, the lowest level since April 9 this year

FMCG companies in wait-and-watch mode as global crude oil prices climb

While packaging and freight costs may rise, FMCG companies are holding off on price increases, citing hedging cover and watching for sustained crude price trends

Stock Market close highlights: Sensex down 213 pts, Nifty at 24,853; pharma top drag, IT bucks trend

Sensex Today | Stock Market close, Tuesday, June 17, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index were down 0.79 per cent and 0.82 per cent, respectively.

Rising crude oil prices may weigh on India's current account deficit

Mildly affect growth, inflation, say economists

Higher crude oil prices, production gains positive for upstream players

Even if Iranian production is curtailed, the OPEC+ decision to ramp up production implies other supply would compensate