Page 8 - Crude Oil Price

Sovereign wealth funds stay put amid West Asia crisis, shows data

FPIs were net equity sellers in March, first full month after the conflict began

The West Asia Challenge: Govt must revisit its macroeconomic assumptions

West Asia tensions threaten India's fiscal balance, growth outlook, and external stability, forcing a rethink of macroeconomic assumptions

Oil slips on hopes US-Iran talks likely to proceed, boosting supply

Brent futures ​declined 95 cents, or 1%, at $94.53, as of 0003 GMT while US West Texas Intermediate (WTI) crude futures ‌for May fell $1.54, or 1.72%, to $88.07

India's crude imports fall 13% as Hormuz disruption cuts West Asia supply

Imports from Russia nearly doubled from February to 2.25 million bpd in March while shipments from the West Asia slumped 61 per cent to 1.18 million bpd

Oil rebounds over 6% after renewed US-Iran standoff in Strait of Hormuz

Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of US crude oil increased 6.4 per cent to USD 87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5 per cent to USD 96.25 per barrel. The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9 per cent on the news. Tehran reversed its decision on Saturday, after President Donald Trump said a US Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran's Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged car

Market euphoria vs geopolitical reality: The fragile peace in West Asia

Markets rally on hopes of peace and lower oil prices, but fragile ground realities in West Asia and Hormuz disruptions suggest optimism may be premature

Markets may see volatility on Monday as Hormuz tensions escalate again

Indian equities may open lower on Monday as renewed Strait of Hormuz tensions raise concerns over oil prices, global risk sentiment, and the outlook for geopolitical stability

Crude oil futures fall over 2% to ₹8,396/barrel as Trump signals Iran deal

Crude oil prices fell a little over 2 per cent to Rs 8,396 per barrel in futures trade on Friday amid signs of a potential US-Iran agreement and easing geopolitical tensions dampening fears of prolonged supply disruptions. Crude prices for May delivery decreased by Rs 180, or 2.1 per cent, to Rs 8,396 per barrel on the Multi Commodity Exchange. "Crude futures declined after US President Donald Trump expressed optimism over a potential agreement with Iran, easing concerns over prolonged supply disruptions," Kaveri More, Commodity - Technical Research at Choice Broking, said. Trump indicated that Tehran may accept terms, including abandoning nuclear ambitions, reopening the Strait of Hormuz, and offering "free oil," though there has been no official confirmation from Iran. In the international market, oil futures remained below USD 100 per barrel as investors turned hopeful about a near-term resolution to the conflict in West Asia. West Texas Intermediate (WTI) for the May contract

Brent stays elevated on physical supply stress; easing seen by May: Analyst

The impact of the war on energy infrastructure is considerably more severe than futures prices currently imply

Refiners likely used yuan through ICICI Bank for payment of Iranian oil

Last month, Washington unveiled ​30-day waivers on US sanctions for the purchase of Russian and Iranian oil at sea in ‌an attempt to ease prices that were driven up by the US-Israeli war on Iran

Asian stocks head towards weekly gain, oil below $100 on peace deal hopes

Brent crude futures dropped more than 1% to $98.14 a barrel while US West Texas Intermediate crude futures fell 1.6% to $93.15 a barrel

Oil prices fall as hopes for US-Iran deal outweigh supply concerns

Brent crude futures dropped 44 cents, or 0.5 per cent, to $94.49 a barrel at ‌0021 GMT. US West Texas Intermediate crude futures was down 70 cents, or 0.8 per cent, at $90.59 a barrel

FY26 exports grew despite tariffs, but impact of West Asia war looms

Goods shipments in March at 1-year high, imports dip

Japan to provide $10 bn support to Southeast Asia to secure oil amid surge

Southeast Asian nations including Vietnam have previously sought help from Japan as well as from South Korea for crude oil supplies.

Bulls are back: Sensex adds 1400 pts intraday; Nifty at 24,280; key reasons

Today's buying raised investors' wealth around ₹9.4 trillion, increasing mcap of all the BSE-listed companies to ₹457.87 trillion from Monday's all-India mcap of ₹448.47 trillion

Brent to stay elevated amid supply shocks; easing likely by Q3: Analyst

Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date

'Full impact of high crude oil prices on earnings not priced in yet'

Nikhil Khandelwal of Systematix Group, said that while immediate geopolitical shock has been priced in, the full macro impact, especially of higher crude, has not yet been fully reflected in earnings.

Oil falls as hopes of Iran talks ease Hormuz concerns, Brent at $94.27

Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a ‌barrel at 0054 GMT after falling 4.6 per cent in the previous session

Crude oil prices at $130 could unsettle growth outlook: S&P Global

S&P Global says crude at $130 per barrel could slow India's growth, widen fiscal deficit, raise inflation and strain corporate and banking sector performance

Higher under-recoveries keep Street cautious on OMCs amid crude surge

Rising crude prices and higher under-recoveries are weighing on OMCs, with revised windfall taxes offering limited relief as retail price hikes appear increasingly likely