Page 2 - Oil Prices

Hormuz reopening quickly floods oil markets with supply, weighing on prices

An increase in crude shipments from the Persian Gulf, combined with weak Chinese demand and inventory releases, is putting downward pressure on oil prices worldwide

Oil prices fall towards pre-war levels as tankers exit Strait of Hormuz

Brent crude futures for August delivery fell 40 cents, or 0.54 per cent, ‌to $73.34 a barrel as of 0004 GMT, while US West Texas Intermediate fell 27 cents, or 0.38 per cent, to $70.07 a barrel

Oil prices fall 1% on expectations of smoother crude flows via Hormuz

Brent crude futures fell 78 cents, or 1.0%, at $76.30 a barrel as of 0350 ‌GMT. US West Texas Intermediate slipped 78 cents, or 1.1%, to $72.43 a barrel

Oil prices fall as tankers resume transit through Strait of Hormuz

By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36 a barrel, and ‌US West Texas Intermediate crude rose $1.28, or 1.7 per cent, to $77.88 a barrel

Oil prices fall to lowest after ceasefire deal, touch pre-Iran war level

Oil slid to pre-Iran war lows as the US-Iran deal eased supply fears, lifting Indian equities even as hawkish Fed signals weighed on IT and gold

Oil prices fall 2% to lowest since start of Iran war on US-Iran peace deal

Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel ‌as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel

Higher oil and gas costs may dent GDP growth, squeeze margins: Crisil

Ratings agency says higher oil and gas costs could moderate growth, squeeze margins and push GDP expansion lower in FY27

Higher prices for gas, groceries and flights to outlast Iran war: Experts

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertiliser, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. "It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," Brett House, an economist who teaches at Columbia Business School, said. "In fact, by almost any measure, not just the American consumer, but the world, is worse off as

Best of BS Opinion: Hope is not a strategy, capacity is

From geopolitics and women's empowerment to manufacturing, the rupee and technology, lasting progress depends less on hope and more on building capacity

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Economists have upgraded their outlook for India's balance of payments following the RBI's measures, with most now expecting a marginal surplus this fiscal year

Oil and gas supply woes may persist despite US-Iran peace deal: Experts

High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world's demand, according to energy experts. The slow pace of the process of shipping and refining crude oil, and doubts about the security of traveling through the strait mean the effect won't be seen immediately, they said. Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to safely travel through the waterway, through which about a fifth of the world's oil and gasoline supplies typically traveled before the war began. "It's going to take time for people to feel comfortable and for insurance to be in place ... particularly to get people on the ground to restart some of these assets," said Daniel Evans, global head of fuels and refining research at S&P Global ..

Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz

Brent crude futures ‌fell $3.51, ​or 4.02 per cent, ‌to $83.82 by 2203 GMT ‌and US ‌West Texas Intermediate ​was ​at $80.95 a barrel, down $3.93, or ‌4.63 per cent

Global shares advance as Trump claims breakthrough in Iran war talks

Expectations that an agreement between the US and Iran may help reopen the strait sent oil prices tumbling

US army helping move 50% of pre-war oil volume via Hormuz: US Energy Secy

About 7 million barrels of oil a day are leaving the Persian Gulf with U.S. support, Energy Secretary Chris Wright said

Sensex jumps 1,695 points as hopes of US-Iran truce lift market sentiment

Benchmark indices posted their strongest single-day gains in over two months as easing geopolitical tensions and lower oil prices boosted investor sentiment

Oil prices, FX risks loom over India's bond inflow push, says BlackRock

Seeking to shore up the rupee ‌and interest in bonds, India last week announced ​tax cuts for overseas bond investors ​and a host of measures aimed at boosting inflows and improving market access

Asian shares surge, oil dips after Trump claims progress in Iran war talks

Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after US President Donald Trump claimed there was a breakthrough in talks to end the Iran war. US futures edged higher. South Korea's Kospi jumped 7.8 per cent to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea's most valuable company, advanced 11.2 per cent. Computer chipmaker SK Hynix rose 7.2 per cent. Tokyo's Nikkei's 225 gained 3.5 per cent to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2 per cent. Chip equipment maker Tokyo Electron jumped 10.3 per cent. Hong Kong's Hang Seng gained 1.8 per cent to 24,689.32 and the Shanghai Composite index rose 1.6 per cent to 4,050.51. In Australia,

Oil prices could reach $150 if war with Iran heats up again: Rystad Energy

Rystad Energy has warned that renewed hostilities between the US and Iran could drive crude prices sharply higher as supply disruptions deepen across the Gulf region

Oil prices climb over $2 as Iran announces closure of Strait of Hormuz

Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US ‌West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63

Asian stocks slide, oil prices up amid escalating tensions in West Asia

Oil prices climbed about 1 per cent in early trade, moving away from a seven-week low touched in the previous session in the wake of the fresh US attacks