Page 3 - Oil Prices

Oil prices climb after fresh US strikes on Iran raise supply concerns

Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT, while US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel

Oil jumps over 5% to two-week high as Trump warns of more strikes on Iran

Brent crude climbed more than 5 per cent to a two-week high after Donald Trump warned of further strikes on Iran, while gold prices declined

Rupee hits one-month low as oil soars after Trump says Iran deal is 'over'

The rupee fell to a one-month low against the dollar as oil prices surged after Donald Trump said the Iran accord was "over", raising supply disruption fears

Crude Oil: The 'Risk Premium' was compressed, not extinguished

Recent pullback in crude oil prices from the channel support suggests short-covering, but the prevailing structure continues to reflect lower highs and lower lows, keeping the broader downtrend intact

Crude oil outlook: Price war, global market share in focus

The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.

Oil prices edge higher as focus shifts to supply recovery and demand

Brent crude futures ​gained 28 cents, or 0.39%, to $72.29, and US WTI crude rose ‌to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday

Oil prices slip after Opec+ agrees to raise August output targets

Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns

India navigated energy crisis with little burden on citizens: PM Modi

India successfully navigated one of the biggest global energy crises through proactive policies, diversified fuel sourcing, and strong diplomatic ties, with minimal burden on citizens, Prime Minister Narendra Modi said on Saturday. The prime minister was addressing a gathering after inaugurating a refinery in Pachpadra of Balotra district. He also laid the foundation stone of multiple development projects. Modi said India expanded its energy imports significantly during the West Asia crisis. "When the crisis began, India was importing energy from about 25-26 countries. During the crisis, we increased this to more than 40 countries," he said, attributing the turnaround to India's diplomacy. He said oil companies incurred losses of over Rs 75,000 crore between April and June due to rising global prices, but the government absorbed the burden. "We reduced excise duty by Rs 10 per litre and ensured that the burden on citizens did not increase significantly," he said. Rumours were spr

Commercial LPG prices cut by ₹183.50: Check the new rates

Oil marketing companies (OMCs) have reduced the price of 19-kg commercial LPG cylinders by ₹183.50 across the country.

Oil prices fall as investors await outcome of US-Iran talks in Doha

Brent August crude futures were down 0.9 per cent, or 64 cents, at $72.51 a ‌barrel as of 0356; US West Texas Intermediate for August fell 0.6 per cent, or 39 cents, to $70.36 a barrel

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