Globlal Crude Oil Prices

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

Oil prices jump nearly 2% amid stalled peace talks between US, Iran

Brent crude futures rose $2.16, ‌or 2.05%, to $107.49 a barrel by 2346 GMT, the highest since April 7, and US West Texas Intermediate was at $96.17 a barrel, up $1.77, or 1.88%

Markets unprepared for a steep petrol, diesel price hike: Analysts

On its part, the government has denied reports of hiking petrol and diesel prices despite the surge in crude oil in the backdrop of the conflict in West Asia.

Oil prices rise on reports of ships being hit in Hormuz, Brent above $100

Brent crude futures were ​up $1.59, or 1.6 per cent, at $100.07 a barrel at 0842 GMT while West Texas Intermediate futures rose $1.51, ‌or 1.7 per cent, to $91.18

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

Markets believe that the worst phase of West Asia war is over: Samir Arora

Markets had discounted the bad news with select pockets seeing a dip of over 15 per cent, which have recovered partially now, Arora of Helios Capital said.

Brent crude set for record gain; Asian shares falter as Iran war rages

A month into the war, investors continue to be whipsawed by ‌a barrage of headlines as tensions and attacks between the US, Israel and Iran escalate

Oil prices jump after Yemen's Iran-backed Houthis rebels attack Israel

Brent crude futures jumped $3.16, or 2.81 per cent, to $115.73 a barrel ​by 2205 GMT after settling 4.2 per cent ‌higher on ​Friday

Red Sea tensions could push Brent to new cycle high in April, says analyst

A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs

RBI steps up support for rupee, bond markets as crude oil prices surge

Central bank steps into forex and bond markets as rising crude prices threaten inflation, the rupee and government finances

Crude oil's epic fury: 300% jump! It's happened before; tracing the history

During the October 1973 Yom Kippur War, Arab OPEC members, led by Saudi Arabia, implemented an oil embargo against the US and other nations that supported Israel that led to oil rising 300 per cent.

Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst

Oil prices have recorded seven straight weekly declines since Donald Trump took office on January 20

Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike

Crude oil price today: Sharekhan remains confident of oil prices heading lower towards $65 in Q1-2025, while in short term, prices could see WTI prices trading in broader range of $75-$66

Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts

Brent crude oil prices saw a considerable decline from the beginning of Samvat 2080 (November 12) until October 28, dropping by 12.33 per cent from $82.52 to $72.34 per barre

Chris Wood trims India exposure; says geopolitics biggest risk to markets

A deterioration in the geopolitical situation is the biggest risk to global equity markets, Wood said, which he believes is not yet fully discounted by them

Russia, Venezuela flows stay strong as cheaper crude evades US curbs

India may receive 4 million barrels of Venezuelan crude, the cheapest among all crude sources, in April, lower from 4.78 million barrels in March

Oil prices may remain on the boil amid strong demand, supply cuts

Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December

Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked

Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Crude oil prices can rise up to $110 a barrel in 2023, say analysts

Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply