Page 5 - Oil Prices

Oil prices rise for 4th day as US strikes on Iran raise fears of escalation

Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz

Oil prices rise as renewed US-Iran strikes fuel fears over energy supplies

For the second straight session, Brent ​closed at its highest since June 12 and West Texas Intermediate at its ‌highest since June 15 and rose further on early Wednesday trade

Oil prices climb to one-month high as US, Iran step up attacks in Hormuz

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Oil jumps over 3% as fresh US-Iran strikes threaten Hormuz shipments

Oil prices climbed more than 3 per cent after fresh US-Iran military strikes renewed concerns over energy shipments through the Strait of Hormuz and regional supply risks

Oil falls, but heads for weekly gain as West Asia supply risks persist

Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz

India's energy supplies secure against instant risks from US-Iran tensions

Officials say India has adequate crude oil, LNG and LPG inventories to withstand any near-term supply disruption even as renewed US-Iran tensions push up crude 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