Page 2 - Oil Prices

Oil prices jump 2% after fresh US strikes on Iranian military site

Brent crude futures rose $1.90, or 2.02 per cent, to $96.19 a barrel by 0015 GMT, while the more active August contract gained $1.64 or 1.78 per cent, to $93.89

Asian shares turn cautious as fresh US strike on Iran lifts oil prices

It also took a little steam out of the tech-driven bull run in stock markets, with Japan's Nikkei easing 0.2 per cent, while South ‌Korean shares went flat

Time to stop slipping on oil: Renewable energy can shield India from shocks

For, every oil price spurt so far has led to an economic crisis that, in turn, has provoked political change

Should you buy bonds? Axis MF sees near-term rally if RBI avoids tightening

Axis MF advises bond investors to gradually add Duration as RBI may avoid aggressive rate hikes despite oil risks and inflation concerns

Asian markets rise, oil prices stay elevated amid Iran war uncertainty

Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices had eased Thursday in US trading, alleviating pressure from the bond market as yields fell. Earlier this week yields climbed so high they threatened to slow economies worldwide and undercut prices for stocks, bitcoin and all kinds of other investments. US futures edged higher and Tokyo's Nikkei 225 was up 2.7% at 63,352.44. A report showed inflation hitting a four-year low in April, at 1.4%, despite higher prices for oil and gas due to the war. South Korea's Kospi gained 0.6% to 7,860.59. Hong Kong's Hang Seng rose 1.2% to 25,685.65, while the Shanghai Composite index climbed 0.5% to 4,096.24. Australia's S&P/ASX 200 was up 0.5% at 8,664.00. Taiwan's Taiex was trading 1.5% higher, while India's Sensex edged up 0.2%. Oil prices remained elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas

Oil prices gain as investors doubt breakthrough in US-Iran peace talks

Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, and US West Texas Intermediate futures were up $1.73, or 1.8 per cent, at $98.08

Oil rebounds on uncertainty over Iran peace deal, inventory drawdowns

Brent crude futures rose 81 cents, or 0.77 per cent, to $105.83 a barrel by 0055 GMT, ‌and US West Texas Intermediate futures were up 97 cents, or 0.99 per cent, at $99.23

G7 finance ministers look to contain economic fallout from Iran war

Officials discuss oil-price shock, sanctions on Iran, inflation risks and support for Ukraine amid growing global economic uncertainty

Asian shares slip as drone attacks in Gulf lift oil prices, bond yields

Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs

How petrol, diesel price hike will hit your pocket

Petrol and diesel prices have been increased by ₹3 per litre, while CNG rates have also gone up by ₹2 per kg in Delhi and Mumbai.

Petrol, diesel & CNG prices hiked: What are the new rates, and why were they raised?

The oil marketing companies have raised the prices of non-branded petrol and diesel at fuel retail outlets across the nation by an average of Rs 3 per litre.

Oil price rises over 1% after Trump says he is losing patience with Iran

Brent crude oil futures rose $1.32, or 1.25 per cent, to $107.04 a ‌barrel by 0425 GMT, while US West Texas Intermediate futures were up $1.33, or 1.31 per cent, to $102.50

Oil prices edge higher as investors eye Trump-Xi meeting amid Iran war

Brent crude futures were up 13 cents, or 0.12 per cent, to $105.76 a barrel by 0015 GMT, while US West Texas Intermediate futures rose 12 cents, or 0.12 per cent, to $101.14

Odisha CM Mohan Majhi halves convoy, urges citizens to use public transport

Move follows PM Modi's appeal for fuel conservation and restrained consumption amid West Asia crisis

Oil prices fall on teetering Iran ceasefire as Trump heads to China

Brent crude futures dropped $1.22, ​or 1.1%, to $106.55 a barrel at 0410 GMT while US West Texas Intermediate futures fell $1.16, or 1.1%, to $101.02

West Asia crisis a 'live balance of payments stress test': CEA Nageswaran

OMCs losing ₹1K cr a day, says Puri; doesn't rule out fuel price hike

Oil prices rise as fragile US-Iran ceasefire talks keep supply fears alive

Brent ​crude futures were up 30 cents, or 0.29 per cent, at $104.51 per barrel, while US West Texas ‌Intermediate gained 31 cents, or 0.32 per cent, to $98.38 by 0002 GMT

What PM Modi's fuel-saving, WFH appeal signals for India's economy

As oil prices rise globally, Prime Minister Narendra Modi urges Indians to save fuel and delay gold purchases. Is this an early warning sign for India's economy and future price pressures?

Oil rises $4 as US and Iran disagree on peace proposal; Brent at $105

US West Texas Intermediate was at $99.85 a barrel, up $4.43, or 4.64 per cent

Asia braces for second wave of energy shocks as US-Iran peace talks falter

Asia's first defences against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia. They made difficult trade-offs: saving power at the risk of slowing businesses, prioritising gas for households at the risk of fertiliser production and dipping into energy stockpiles for temporary relief. But these measures were based on the war lasting only a short time, allowing a quick resumption of energy flows. That has not happened. With no clear end in sight, the fuel crisis is now rippling across economies. Airfare costs, shipping rates and utility bills are climbing, jeopardizing economic growth. About 8.8 million people are in danger of being pushed into poverty and the conflict may cause USD 299 billion in economic losses to the Asia-Pacific region, according to the United Nations ...