Crude oil prices resumed their upward trajectory in Thursday’s trade (26 March) as traders grew increasingly skeptical about the prospects of a ceasefire between the US and Iran to end the month-long conflict that has triggered a global energy crisis and raised concerns over economic stability. Brent crude rose 5.4% to $102.49 per barrel, compared…
Indian oil marketing company (OMC) stocks remained under pressure on Monday as crude oil prices stayed above the key psychological mark of $100 per barrel and hopes of a diplomatic breakthrough in the Iran-Israel-US war remained elusive. With the Strait of Hormuz effectively shut to traffic, investors are increasingly pricing in the risk of prolonged…
Iran has cautioned that global oil prices could reach $200 per barrel following a series of assaults by its forces on merchant vessels in the blockaded Persian Gulf this Wednesday. Simultaneously, Tehran launched missile strikes at Israel and various regional targets, aiming to prove its military resilience despite what the Pentagon characterizes as unprecedentedly intense…
Crude oil prices continued to boil in Wednesday’s evening session as traders showed little regard for the International Energy Agency’s decision on 11 March to release the largest volume of emergency oil reserves in its history in an effort to counter the supply disruption caused by the closure of the Strait of Hormuz. Brent crude…
Crude oil prices surged to nearly $120 a barrel earlier this week due to the war between the US and Iran. The ongoing conflict has disrupted energy production in the Middle East and resulted in a blockade of the Strait of Hormuz, which is a vital shipping lane. The effective closure of the Strait of…
Crude oil prices fell sharply during the evening session on Tuesday, 10 March, as hopes built for a possible release of emergency crude reserves to offset supply shortages. Brent Crude, the international standard, tumbled 12% to the day’s low of $87.06 per barrel. Today’s fall follows a 17% drop from a four-year high in the…
The Nifty 50 and the S&P BSE Sensex tumbled almost 3% at the open on Monday as investors rushed to cut risk and reassess the global fallout as the war in West Asia intensified. The Nifty 50 logged its biggest single-day fall since 7 April 2025. The war stoked fresh concerns about tighter oil supplies…
Crude oil prices saw a massive jump in the evening trade on Friday, 6 March, after US President Donald Trump demanded “unconditional surrender” from Iran, raising fears that the ongoing war will last longer than expected and could stoke global inflation. Reacting to this development, Brent crude futures jumped 7.5% to cross $90 per barrel…
The intensifying tensions between the US and Iran have led to the closure of the Strait of Hormuz, through which nearly 20% of global oil and LNG flows, resulting in a sharp jump in crude oil prices, with Brent crude rallying to $85 per barrel from $73 per barrel since the war began. The sharp…
The rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 (provisional) against US dollar on Thursday on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention. According to forex analysts, the Reserve Bank seems to have intervened to help the local…
