Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine
Hitting just under $100 a barrel on Tuesday, international crude prices are still a way off the all-time peak of more than $147 hit in July 2008
Brent crude futures rose 25 cents, or 0.3%, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $91.42 a barrel
Brent crude futures were at $95.60 a barrel by 0747 GMT, down 88 cents, or 0.9%, after rising $2.04 on Monday
The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.
The market has tightened significantly following the economic recovery from the pandemic and supply disruption in the Gulf of Mexico due to Hurricane Ida
The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
Petrol and diesel prices in the country remained static for the 30th consecutive day on Monday.
Oil prices were mixed after a boost from a drop in US crude and gasoline inventories, but were still set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies
Here are the best of Business Standard's opinion pieces for Thursday
Domestic production of oil and gas has been lagging
Brent was up 33 cents, or 0.5%, at $69.79 a barrel by 1333 GMT
Former President Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.
Many will bear the brunt, except crude & gas producers and renewable firms
Oil slipped around 2% after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week
Detection of the new strain in the UK prompted several countries to close their borders to it
Oil prices extended losses, hit by a surprise build in oil inventories in the US and as OPEC and allies left markets in limbo by delaying a meeting to decide whether to increase output in January
Brent crude, the international benchmark, was up 5 cents, or 0.1%, to $44.12 at 0745 GMT, heading for a 2.3% drop this week
While some have restricted intra-day leverages given to clients for trading, others have stopped trading in illiquid scrips
The government control on pricing continues via tax tweaks