crude oil

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    Crude Oil Prices Up on Futures Trading Activity

    New Delhi, April 10 Crude oil prices rose by Rs 356 to Rs 9,289 per barrel in futures trading on Friday, as participants increased their positions following strong spot demand.On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 356 or 3.99 per cent at Rs 9,289 per...
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    India's Rupee Faces Uncertainties After RBI Curbs

    Mumbai, April 10 The rupee appreciated by 10 paise to 92.41 against the US dollar in early trading on Friday, even as the USD/INR pair faces risks from rising global tensions, particularly the US-Iran conflict.Forex traders said the rupee is likely to experience high volatility intra-day as...
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    Crude Oil Prices Rise on Strong Global Market Signals

    New Delhi, April 9 Crude oil prices rebounded by Rs 411 to Rs 9,272 per barrel in futures trading on Thursday, driven by firm global cues and fresh buying following recent sharp losses.On the Multi Commodity Exchange, crude oil for the April delivery jumped by Rs 411, or 4.64 per cent, to Rs...
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    Market Reaction: Rupee Strengthens After Ceasefire Announcement

    Mumbai, April 8 The rupee appreciated by 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance.Forex...
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    Oil Prices Decline Amidst Strait of Hormuz Resumption

    Global crude oil prices experienced a significant drop today following a ceasefire between the United States and Iran, which includes a commitment to resume navigation through the Strait of Hormuz. Brent crude was trading at almost 15.1% lower at $92.79 per barrel, while West Texas Intermediate...
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    India Boosts Refining Capacity with Refinery Upgrade

    New Delhi, April 8 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a significant increase in the cost of the Rajasthan oil refinery project to Rs 79,459 crore, along with additional equity support from Hindustan Petroleum Corporation Ltd (HPCL), as the government pushes to...
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    Hormuz Strait: South Korea Prioritizes Vessel Safety

    Seoul, April 8 – The South Korean government vowed Wednesday to make efforts to help South Korean vessels stranded in the Strait of Hormuz safely navigate the shipping route after the United States and Iran agreed to a two-week ceasefire with the full reopening of the crucial passage for oil...
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    Crude Oil Drops Below $100 Amid Geopolitical Calm

    New Delhi, April 8 Crude oil prices plummeted by 18 percent to Rs 8,775 per barrel in futures trading on Wednesday, following an agreement between the US and Iran to a two-week ceasefire and the reopening of the Strait of Hormuz, triggering heavy selling by traders as geopolitical risk vanished...
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    India's Sensex and Nifty Surge Amid Geopolitical Calm

    Mumbai, April 8 The stock market benchmark indices, Sensex and Nifty, surged in early trading on Wednesday, following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire.The 30-share BSE Sensex jumped 2,775.73 points or...
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    Geopolitical Calm Reduces Crude Oil Futures Drop

    New Delhi, April 8 Crude oil prices plunged sharply on Wednesday, falling by 6 per cent to hit their lower circuit level in futures trading, as global benchmarks weakened following the announcement of a two-week ceasefire between the US and Iran.On the Multi Commodity Exchange (MCX), futures...
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    Rupee Falls 10 Paise to 93.00 Against USD

    Mumbai, April 7 The rupee depreciated by 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained cautious ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review.Forex traders...
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    Gold Market Volatility: Oil Prices and Geopolitics Impact Sentiment

    New Delhi, April 7 Gold prices fell by Rs 610 to Rs 1.49 lakh per 10 grams in futures trading on Tuesday as rising crude oil rates and escalating tensions in the Middle East dampened demand for the safe-haven asset and kept investors cautious.On the Multi Commodity Exchange, the yellow metal...
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    Crude Oil Futures Hit Record High Amid US-Iran Tensions

    New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz...
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    Crude Oil Futures Hit $116, India Sees Record Prices

    New Delhi, April 7 Crude oil prices surged by Rs 300, hitting a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global energy benchmarks amid persistent supply concerns and geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), crude oil...
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    Crude Oil Prices Surge as Hormuz Strait Remains Blocked

    New Delhi, April 6 Crude oil prices rose by Rs 91 to Rs 9,284 per barrel in futures trading on Monday, remaining near record levels, after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened.On the Multi...
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    Precious Metals Outlook: Geopolitical Risks and Central Bank Demand

    New Delhi, April 6 Precious metal prices in the domestic markets are expected to remain moderately bullish in the fiscal year 2026-27 as geopolitical tensions, trade war fears, and growing recession risks globally are likely to bolster demand for safe-haven assets, even as elevated interest...
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    Rising Oil Prices Due to Supply Disruption

    Oil prices started the day higher following the Easter holiday, as the ongoing U.S.-Israeli conflict with Iran continued to disrupt global oil supplies. Brent crude futures rose by 2.2 percent to $111.43 per barrel, while U.S. crude rose by 2.7 percent to $114.57 per barrel by 22:15 GMT.
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    Rupee Gains 33 Paise, Reaching 92.85 Against Dollar

    Mumbai, April 6 The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following the RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.Forex traders said...
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    Korea Actively Seeking Crude Oil Routes as Middle East Conflict Impacts Supply

    Seoul, April 3 – The ruling Democratic Party (DP) of South Korea and the government agreed on Monday to send special envoys to Saudi Arabia, Oman, and Algeria to secure crude oil supplies, as the Strait of Hormuz, a key oil shipping route, has effectively been closed due to the ongoing...
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    West Asia Conflict Drives Global Oil Market Volatility

    April 03, New Delhi: Global oil markets are experiencing intense price fluctuations due to the ongoing conflict in the Middle East. Brent crude, the international benchmark, rose by 7.8% to $109.03 per barrel, briefly exceeding the $111 mark.Meanwhile, WTI crude oil futures for near-term...
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