Oil Prcies

Asian stocks mixed as yen jumps against dollar, crude prices fall

Asian shares were mixed Monday after the US and Japan confirmed they had acted to prop up the value of the Japanese yen against the US dollar, causing the yen to rise to its highest level since late last year. Oil prices fell sharply after US President Donald Trump said he would order US forces to refrain from attacks against Iran, claiming a deal to end the fighting in the Middle East was close. The dollar fell as low as 155.20 against the yen after Trump and Japanese officials confirmed they had intervened last week to curb the US currency's rise to 40-year highs against the yen. Last week it was trading near 164 yen. A weak yen helps to boost the profits of Japanese companies with big operations overseas, increasing their value in yen terms. It also has drawn foreign tourists who have enjoyed their strong purchasing power in Japan. But a cheap currency also weakens Japan's purchasing power overall, pushing up costs for the imports of oil and other goods needed to run its ...

Oil prices, US Fed rate decision likely to drive markets this week

Developments around the West Asia conflict, crude oil prices and the US Fed interest rate decision would be the key drivers for market movement this week, analysts said. Besides, quarterly earnings would drive sentiments in the market, they added. "Developments surrounding the US-Iran conflict, shipping activity through the Strait of Hormuz, and movements in crude oil prices will remain key drivers of global risk sentiment. In addition, investors will closely monitor the US Federal Reserve's policy meeting, where interest rate guidance and commentary on inflation will be critical for global markets," Ajit Mishra SVP, Research, Religare Broking Ltd, said. On the domestic front, market participants will track June Industrial Production (IIP) data, he added. Major companies reporting earnings this week include Coal India, BEL, Larsen & Toubro, Hindustan Unilever, Adani Enterprises, Asian Paints, Adani Ports, Bajaj Finance, Mahindra & Mahindra, Tata Steel, Maruti Suzuki, ITC, and

Oil near $100 puts US Fed, other central banks in interest-rate spotlight

Three days of Group of Seven rate decisions, starting with the US Fed, followed by peers at the Bank of England and Bank of Japan, may show vigilance at the prospect of energy-driven inflation

Adani Total Gas rallies 40% amid West Asia crisis; what's fueling gains?

Analysts attributed the sharp outperformance in Adani Total Gas to favourable government policies, strategic price hikes, and improving sentiment around the broader Adani Group

OMCs rally post fuel price hike; Nifty Oil & Gas up 1.6%, HPCL, BPCL lead

Oil prices slipped to a two-week low on Monday amid optimism over a potential US-Iran agreement

Asian shares mixed, Kospi falls nearly 4% as oil prices keep swinging

Japan's Nikkei 225 lost 0.6% in morning, erasing initial gains after the government reported that the economy grew for the 2nd straight quarter in Jan-Mar due to better than expected consumer spending

Oil touches 2-week high after drone attack on UAE nuclear power plant

Brent ‌crude futures climbed $1.65, or 1.51 per cent, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5

Saudi Aramco Q1 profit rises 26%, beats estimates on higher oil prices

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter, according to a stock exchange filing

West Asia situation, crude prices likely to steer stock markets this week

Stock markets are expected to remain sensitive to geopolitical developments this week, with investor attention firmly focused on events surrounding the ongoing USIran situation and crude oil prices, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would influence trading in the markets, they noted. "Markets this week are expected to remain highly volatile and largely driven by geopolitical headlines, with investor attention firmly focused on developments surrounding the ongoing USIran situation," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Brent crude oil will remain a critical macro variable for market direction, he said. "A sustained decline in crude prices below the USD 90 mark, or meaningful progress towards de-escalation, could support relief rallies across risk assets. Conversely, prolonged geopolitical uncertainty or renewed tensions may continue to weigh on sentiment and keep volatility elevated," Ponm

Oil prices fall over $2 after Trump pauses Strait opening for possible deal

Trump said on Tuesday while the operation to reopen the Strait of ‌Hormuz will be paused, the blockade will remain in force

Developments in US-Iran war, oil prices likely to drive markets this week

Stock markets would keenly track developments in the US-Iran conflict, crude oil prices and quarterly earnings from corporates for further direction this week, analysts said. Besides, trading activity of foreign investors would also influence trading in the markets, they noted. "Geopolitical developments in the US-Iran conflict will remain a key monitorable, given their direct impact on crude oil prices and global risk sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Meanwhile, the ceasefire between the US and Iran is set to expire on April 22. On the domestic front, focus will shift to the ongoing Q4 FY26 earnings season, he said. "Market participants will initially react to results from banking heavyweights such as HDFC Bank and ICICI Bank. Subsequently, several key companies, including HCL Technologies, Infosys, Tech Mahindra, Havells, IndusInd Bank, Shriram Finance, are scheduled to announce their results," Mishra added. The country's largest private-sector

Rupee extends rally, forward premiums slump as oil dives on ceasefire

The one-year implied rate on the dollar/rupee forward fell 22 basis points to 3.08 per cent

War in West Asia risks triggering a new era of oil-induced stagflation

The war could result in huge geoeconomic shifts. The big immediate winner is Russia, benefitting from higher oil prices and the removal of sanctions

Oil prices fall as Trump pauses attacks on Iranian energy plants

Brent futures fell 90 cents, or 0.8 per cent, to $107.11 per ‌barrel as of 0024 GMT, while US West Texas Intermediate futures lost 83 cents, or 0.88 per cent, to $93.65 per barrel

Trump administration set to suspend Jones Act to curb oil prices

The US last issued a waiver for the Jones Act in October 2022 for a tanker heading to Puerto Rico to deliver supplies follow Hurricane Fiona

Oil jumps about 9% as Iran says Strait of Hormuz to remain closed

Brent futures extended gains to climb up $8.05, or 8.8 per cent to $100.03 at 10:25 a.m. ET or 1425 GMT, while U.S. West Texas Intermediate crude climbed $8, or 9.2 per cent to $95.25

Oil unlikely to hit $200 a barrel despite war shock: US Energy Secy

Oil prices jumped more than 9 per cent to nearly $100 a barrel

How persistently high oil prices could impact India's vulnerable economy

The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves

US to release 172 mn barrels of oil from strategic reserve amid Iran war

The US will begin releasing the oil next week, although it could take around 120 days to deliver the full quantity

IOC, BPCL, HPCL could see margin pressure amid oil price spike: S&P

S&P Global Ratings on Wednesday said profit margins of oil marketing companies like IOC, BPCL and HPCL, could suffer as they are likely to keep retail prices of petrol and diesel unchanged to curb inflationary pressures. Oil prices have risen since the start of the US-Iran war with crude rising to over USD 100 per barrel earlier this week as the Strait of Hormuz, which handles about a fifth of the global crude oil and liquified natural gas (LNG) flows, remained effectively closed. Crude prices have fallen to USD 88 a barrel on Wednesday. S&P Global Ratings have recently revised its 2026 average price assumption for Brent crude oil prices by USD 5 to USD 65. The US-based rating agency said India will remain dependent on maritime routes to fulfil its crude needs, but there is some scope for diversification as the country has a history of buying oil from outside Asia, such as from Russia and South America. Purchases from Russia currently stand at 1.1 million bpd, while that from .