oil prices

March 02, New Delhi – Markets reacted sharply to the Iran crisis, with oil prices surging and stocks falling in Asia.Brent Crude rose to just over $80 per barrel, up from Friday's closing price of $72.87, before easing slightly below $79.Gold prices increased by around 2% to $5,384.52 per...

In New Delhi, March 2 Oil prices could rise above $100 per barrel if tanker traffic through the Strait of Hormuz is not quickly restored, as the waterway's closure threatens to disrupt 15% of global oil supply and 20% of global LNG supply, according to consultancy Wood Mackenzie.Following US...

New Delhi, March 2 The escalating hostilities in the Middle East are increasing the risks for India and other Asian commodity importers, as military strikes and retaliatory attacks disrupt key energy and trade routes, Moody's Analytics said on Monday.The United States and Israel launched...

New York, March 2 Amid escalating tensions in West Asia following US-Israel strikes against Iran, a leading Indian-American maritime executive has expressed concern over the impact on the crucial oil artery of the Strait of Hormuz and the implications for global oil prices."Shipping is the...

Hyderabad, March 1 Condemning the joint US-Israel military strikes on Iran, AIMIM president Asaduddin Owaisi on Sunday expressed hope that the central government would play a role in stopping the war.The Hyderabad MP termed the "assassination" of Iran's Supreme Leader Ayatollah Ali Khamenei as...

New Delhi, March 1 – India is expected to face volatility in oil prices and broader macroeconomic effects from the escalating Iran crisis, analysts said, adding that the country's oil supply chain does not yet face structural insecurity.Rising tensions in the Strait of Hormuz – through which a...

New Delhi, March 1 With sufficient crude oil reserves to meet at least 10 days of needs and fuel stocks covering another 5-7 days, India is unlikely to face any immediate disruptions in oil supplies due to the closure of the Strait of Hormuz, officials said.Even as developments related to the...

Global oil prices remained near seven-month highs yesterday, supported by rising geopolitical tensions between the United States and Iran, despite growing American crude inventories indicating concerns about oversupply. Brent crude futures were trading around $71 per barrel in London, up about...

New Delhi, February 25 Crude oil prices rose by Rs 17 to Rs 6,025 per barrel in futures trading on Wednesday, as participants increased their positions following strong spot demand.On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 17, or 0.28 percent, at Rs...

New Delhi, February 18 Crude oil prices edged lower by Rs 20 to Rs 5,662 per barrel in futures trading on Wednesday, despite firm global trends, as participants capped gains through profit-taking.On the Multi Commodity Exchange, crude oil futures for March delivery slipped by Rs 20, or 0.35...

New Delhi, February 17 Crude oil prices declined by nearly 1 per cent to Rs 5,734 per barrel in futures trading on Tuesday due to weak spot demand amid mixed trends in the overseas market.On the Multi Commodity Exchange (MCX), crude oil for February delivery fell by Rs 57, or 0.98 per cent, to...

Global crude oil prices saw a slight decrease today. Brent crude was trading at approximately 0.12% lower, at $66 and 68 cents per barrel. West Texas Intermediate (WTI) crude was also trading almost unchanged, at $62 and 80 cents per barrel, according to the latest reports.

New Delhi, February 16 Crude oil prices fell by nearly 1 per cent to Rs 5,675 per barrel in futures trading on Monday, tracking weak trends in global benchmarks.On the Multi Commodity Exchange (MCX), crude oil for February delivery decreased by Rs 48, or 0.84 per cent, to Rs 5,675 per barrel...