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Searched Tag: crude oil prices
Oil and equity markets rally as reports of a possible US-Iran peace deal cool crude prices and ease pressure on global energy supplies.

Crude oil prices drop 8.5 pc amid positive US-Iran developments

May 24, 2026, 10:27 AM - 2 min read

Crude futures have shifted from a ‘war premium’ peak of $110 per barrel to below $88 in recent trading. At present, crude oil prices, which were hovering around $113 a barrel, have now dropped to $103 per barrel within one week.

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Crude oil prices may spike as Trump considers strikes on Iran

May 23, 2026, 01:54 PM - 2 min read

Mediators from Pakistan have so far managed to prevent the resumption of military strikes, but Trump’s growing frustration with Iran could push the two countries back into conflict.

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India’s GDP growth down to 6.2 pc: ICRA

May 19, 2026, 03:19 PM - 2 min read

India’s GDP growth is projected to slow to 6.2 per cent in FY27 from the earlier estimate of 6.5 per cent due to persistently high crude oil prices driven by the ongoing West Asia conflict, according to rating agency ICRA.

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Crude oil surges past $110 a barrel

Crude oil surges past $110 a barrel

May 18, 2026, 09:27 AM - 2 min read

Oil markets reacted sharply after drone strikes near the UAE’s Barakah nuclear plant triggered a fire on Sunday. Reports suggest that an Iran-linked proxy was likely behind the attack.

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Crude oil prices surge amid fresh tensions in Middle East

Crude oil prices surge amid fresh tensions in Middle East

May 11, 2026, 09:19 AM - 2 min read

US West Texas Intermediate (WTI) crude was trading at $98.51 a barrel, up $3.09 or 3.24 per cent, after settling 0.64 per cent higher in the previous session.

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Prime Minister Narendra Modi - file image.

WFH, save fuel, skip gold: PM Modi on oil crisis

May 11, 2026, 09:12 AM - 3 min read

PM Modi urged a revival of the digital habits formed during the pandemic, such as online meetings and video conferencing, to reduce the national fuel bill.

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Speaking at the Vibrant Gujarat Regional Conference in South Gujarat, Puri noted that India previously imported oil from 27 countries before the US-Iran war began on February 28.

India diversifies oil imports to 41 countries: Puri

May 2, 2026, 09:44 AM - 2 min read

The diversification strategy, supported by long-term planning, has helped the country better manage the current energy challenges, including elevated crude prices, sanctions, and the closure of the Strait of Hormuz.

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Silver futures decline Rs 1,137 to Rs 2.36 lakh/kg

April 29, 2026, 03:13 PM - 3 min read

Silver prices fell by Rs 1,137 to Rs 2.36 lakh per kilogram in futures trade on Wednesday, as traders reduced their positions amid concerns over rising crude oil prices and a strengthening US dollar.

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Rupee closes 22 paise lower at 94.23 against the US dollar

April 24, 2026, 08:08 PM - 3 min read

The decline was driven by rising crude oil prices and a strengthening US currency, while uncertainty surrounding West Asia peace negotiations added to market pressure.

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Rupee slips 39 paise to settle at 93.83

April 22, 2026, 06:12 PM - 3 min read

At the interbank foreign exchange market, the rupee opened at 93.69 and fell to an intraday low of 93.87 against the greenback, coming close to the 94 level it had touched for the first time on March 23.

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Easing geopolitical tensions: Sensex climbs 500 pts

April 17, 2026, 05:17 PM - 3 min read

Improved global sentiment was driven by fresh hopes of a diplomatic breakthrough between the US and Iran, along with a 10-day ceasefire between Israel and Lebanon, which significantly boosted investor confidence, market analysts said.

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Crude oil price decline as Trump declares Israel-Lebanon truce

Crude oil price decline as Trump declares Israel-Lebanon truce

April 17, 2026, 09:38 AM - 2 min read

Oil prices fell shortly after US President Donald Trump announced a 10-day ceasefire between Israel and Lebanon.

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