Crude Oil Prices

Gulf nations keep oil flowing through Iran war, but costs are mounting

When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its militant allies targeted those, the oil exporters and the US military found others - workarounds for the workarounds - in an often clandestine game of whack-a-mole. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a US naval blockade and tightened sanctions smother its own economy. But the workarounds are expensive and

Oil prices rise slightly ahead of potential US-Iran talks at UNGA

The Brent crude futures November contract ​gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT

Oil prices hit over 1-week low on hopes of boost to diplomacy in Iran war

Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ‌Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%

Oil falls 1%, remains above $100 on hopes of limited supply disruptions

Brent crude futures fell $1.01, or 1%, to $103.77 a barrel by 0020 GMT, while US West Texas ‌Intermediate futures fell $1.03, or 1%, to $100.88 a barrel

Oil prices fall as US crude inventories rise despite Saudi supply concerns

Brent crude futures fell 93 ‌cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel

Oil rises as Saudi pipeline outage, fresh attacks raise supply concerns

Brent crude futures ​rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while US ‌West Texas Intermediate futures were up $1.29, or 1.24%, at $102.65 a barrel

Oil prices jump over 3% after new strikes on Saudi Arabia, Strait of Hormuz

Brent crude futures ​climbed $3.43, or 3.3%, to $108.04 per barrel by 0924 GMT while WTI futures gained $3.49, or 3.5%, ‌to $103.54 per barrel

Benchmarks extend losing streak to 5 weeks; Sensex, Nifty end 2% lower

Sensex and Nifty end about 2 per cent lower for the week at their lowest levels since June 11, while broader markets outperform despite widespread sectoral losses

Crude oil at $120/bbl? Mirae Asset Sharekhan explains why this is possible

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Oil prices set to end week above $100 for first time in nearly 4 months

Brent crude ​futures rose 81 cents, or 0.8%, to $108.44 a barrel by 0345 GMT while US West Texas Intermediate crude rose 69 ‌cents, or 0.7%, to $103.17 a barrel

Elevated oil prices to weigh on OMCs after sequential gains in Q2

OMCs are likely to report sequential improvement in Q2FY27 on stronger refining margins and lower LPG under-recoveries, but H2FY27 faces significant downside risks

Oil prices cross $100 as Iran-US attacks deepen crude supply fears

Brent crosses the $100 mark as attacks on shipping near the Strait of Hormuz intensify, raising concerns over deeper disruptions to global oil supplies

Mounting cost of a stalemate

India must again prepare for higher oil prices

Brent crude tops $100 as escalating West Asia conflict threatens oil flows

Brent crude futures were up $2.01, or 2.05%, at $99.93 a ‌barrel by 0802 GMT, after earlier touching $100.19, while US West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel

Oil hits multi-week highs after Houthi attacks on Saudi energy facilities

Brent crude futures were up $2.00, ​or 2.06%, at $99.00 a barrel by 0800 GMT while US West Texas ​Intermediate crude was at $94.41 a barrel, up $2.93, or 3.2%.

Why Brent crude is below $100 despite disruptions to Gulf oil flows

Crude oil shipments from West Asia producers are at about 11 million barrels per day (bpd) ​now, from 18 million bpd before the Iran war began seven months ago

Oil prices extend gains as US-Iran strikes threaten West Asia supplies

Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 ‌GMT while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%

Oil prices edge lower as markets weigh renewed US-Iran supply risks

Brent crude fell 0.45% to $95.20 a barrel while WTI slipped 0.26% to $90.77 as investors weighed the risk of renewed US-Iran strikes disrupting West Asian supplies

Oil prices rise as US-Iran fighting renews fears of supply disruptions

Brent crude rose 0.6% to $91.05 a barrel as renewed US-Iran fighting raised concerns over supply from the Middle East, the world's key oil-producing region

Oil prices jump more than 2% after US attack on Iran's Larak island

Brent crude futures climbed $2.51, or 2.85 per cent, to $90.61 a barrel as of 0241 GMT ‌while US West Texas Intermediate crude was at $85.53, up $2.13, or 2.55 per cent