Page 6 - Crude Oil Price

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Bonds, barrels and bulls: Indian markets brace for emerging risks

To Indian investors, a sharply rising bond yield in the US may sound like an obscure statistic from a distant financial universe. In reality, it is the gravitational constant of global finance

Oil prices to remain elevated but volatile amid supply constraints: Analyst

In the near term, oil markets remain pulled between tightening supply fundamentals and expectations of an eventual geopolitical breakthrough

How to trade BPCL, IOC, HPCL post fuel price hike? Angel One answers

Rajesh Bhosale, technical analyst at Angel One highlights that BPCL and IOC have consistently faced resistance around their respective 50-day EMAs on the charts in recent past.

Indian OMCs source crude at competitive rates in March amid Iran war

March crude procurement costs for Indian OMCs remained steady year-on-year in dollar terms and rose only slightly from February, despite the West Asia conflict

Brent seen at $95-115; supply deficit to keep prices elevated: Analyst

The global oil market is increasingly reflecting second-order effects of the US-Iran conflict, now in its 73rd day, following Iran's effective closure of the Strait of Hormuz on February 28

Oil shocks hit wholesale inflation harder than retail prices: BoB study

Bank of Baroda study says crude oil price shocks have a stronger impact on wholesale inflation than consumer prices, with delayed effects on growth

Oil stabilises on diplomacy hopes, yet structural risks persist: Analyst

MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings

'Going to do whatever is necessary': Trump on Russian oil waiver amid war

The United States had eased sanctions on Russian oil in mid-March to counteract global oil shortages resulting from the closure of the Strait of Hormuz

Best of BS Opinion: PM Modi issues a fiscal call to arms

From Modi's austerity appeal and India's learning crisis to geopolitical trade shifts, AI accountability and public health reforms - here are today's key Opinion takeaways

West Asia conflict: Govt may rework strategic oil and gas reserves

Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security

ONGC, Oil India rally up to 7%; what's driving state-owned upstream stocks?

With oil at $80/bbl, analysts at CLSA project an over 50 per cent total return on ONGC as it is pricing in $65/bbl Brent; sets target price for the oil explorer at ₹405 per share.

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

Sensex extends losses, falls 1560pts intraday; Nifty below 23,350: Reasons

The Sensex touched an intraday low of 74,449.50, down more than 1,566 points, or 2 per cent. Similarly, the Nifty 50 index lost 467 points, or 1.96, to make a low of 23,348.40.

Have the markets overreacted to PM's austerity appeal? Experts decode

Experts believe the markets, which were already nervous owing to the West Asia war, may have overreacted to PM Modi's appeal for austerity measures given the sharp fall seen in the last two days.

PM Modi has held up a mirror to the country: Nilesh Shah, Kotak AMC

At the moment, markets are driven far more by global developments than domestic factors, Shah said. The biggest concern globally, he feels, is energy supply and energy prices.

Crude prices rise, markets fall over 1.5% amid West Asia conflict

Indian equity markets fell sharply as Brent crude surged above $100 a barrel amid escalating Middle East tensions and heavy foreign investor outflows

Crisil cuts India's FY27 GDP growth forecast to 6.6% on oil risk

Crisil has lowered India's FY27 growth forecast, warning that elevated crude oil prices and supply disruptions could hurt inflation, consumption and investments

1 bn barrels lost due to Iran war will slow oil market recovery: Aramco CEO

Global energy supplies have been sharply squeezed by Iran's blockade of the Strait of Hormuz, which has curtailed shipping and driven prices higher following the US-Israeli war

Crude prices to stay higher for longer due to Iran war: ADB chief economist

Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said. "With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It should stay elevated at USD 80 per barrel in 2027. So, our idea is that the oil prices are likely to stay higher for longer," Park told PTI in an interview. Future prices are showing higher prices farther out into next year than they did before, he said. However, he said, "We have also seen always a kind of a premium of the spot market prices and the nearby futures market because there is such a shortage currently." Speaking about the impact of the ongoing Middle East crisis on India, Park said it is going to shave off 0.6 per cent from the country's GDP growth, bringing it to 6.3 per cent, and also stoke inflation significantly in the current financial year. The Asian Develop