Page 6 - Crude Oil Price

Fiscal stress a reality, committed to capex target: Expenditure secy

DFS secretary says high-level banking panel to oversee balance sheet constraints

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

Best of BS Opinion: FinMin offers sobering view of macroeconomic risks

From rising oil-linked risks and services data gaps to gold loan expansion and global capital flows, here are the key insights from Business Standard's Opinion page

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

Markets, rupee slide as oil hits 4-year high; Brent surges to $126/barrel

Equities close in the red but post best monthly gains since Dec 2023

BSE Small, Midcap indices set to post best monthly rally in 12 years

Among 1,262 stocks from the BSE Smallcap index, over half, or 734 stocks, outperformed in April by recording more than 20 per cent return, data shows.

Indian oil firms' losses likely to ease as purchasing costs fall

Sharp decline in spot crude premiums offsets surge in Brent prices, offering partial relief to Indian oil marketing companies as global supply disruptions reshape pricing dynamics

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook

Brent crude surges past $125 as Iran-US war fears roil oil markets

Brent crude to be delivered in June jumped 6.2 per cent to $125.36 and Brent to be delivered in July rose 3.1 per cent to $113.85

Rupee slips below 95/$ as FII outflows, oil keep pressure on; US Fed weighs

The Indian rupee started the session flat at 95.02/$, down 17 points or 0.18 per cent compared with Wednesday's close of 94.85/$

Crude oil may stay elevated despite UAE's decision to quit Opec: Analysts

The closure of Strait of Hormuz (SoH), analysts said, is the primary reason for this as oil supplies from this region remain curtailed.

West Asia war impact managed well, but some concerns remain: Madan Sabnavis

More importantly, the inflation has been kept under control as of now with the government absorbing a large part of the crude oil cost increase.

Brent at $114: Why inventory drawdowns are resetting crude's floor

Brent near $114 signals tight supply as inventories plunge. Backwardation, outages, and demand risks amid Iran war may reset crude's floor to $75-80, says Anindya Banerjee of Kotak Securities

Oil outlook: Prolonged Iran war, Hormuz disruption may keep Brent near $90

Prolonged Strait of Hormuz disruption may keep oil prices higher for longer, says Mohammed Imran of Mirae Asset Sharekhan. He forecasts Brent at $90 in Q4-CY26; risks skew to $120 on supply shock

Oil prices jump nearly 3% as Hormuz disruption outweighs UAE Opec exit

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

IndiGo, SpiceJet fall up to 5% as FIA warns of shutdown on rising ATF costs

Airline stocks have remained under pressure as crude oil prices extended gains amid escalating tensions in West Asia

Oil prices up 2% as stalled US-Iran talks keep Hormuz supply risks high

Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7

ONGC hits 52-wk high, Oil India up 4%; what's driving upstream oil stocks?

ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts.

Analysts trim India Inc's FY27 earnings forecast amid West Asia war

JP Morgan has revised down its FY27 earnings estimates by 2-10 per cent on a weighted-average basis over the last few weeks across sectors such as Consumer, Auto, Financials and OMCs

Best of BS Opinion: Hopes fade for early resolution of West Asia crisis

From rising West Asia tensions and oil shocks to heat stress on food systems and women farmers' role in India, here are the key insights from Business Standard's Opinion page today