Brent Crude Oil Price

The local currency ended at 86.5500 against the dollar compared to the previous day's close of 86.3625

How oil can spoil the market party: impact on economy, market sentiment, sectors and stocks

Recent events point out to a widening escalation that could trigger correction up to 15 percent if Brent breached $85-mark

Oil up 1% as positive US economic data, China reopening boosts demand optimism

Brent futures rose $1.18, or 1.4%, to $87.30 a barrel by 11:42 a.m. EST (1642 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.12, or 1.4%, to $81.27.

More fuel price hikes on the cards, no plans to cut down excise levy: Reports

The latest hike brought petrol prices in the National Capital Region (NCR) to Rs 96.21/litre and diesel prices to Rs 87.47/litre, oil marketing companies also increased LPG prices by almost Rs 50/cylinder, taking the price of a standard 14.2 kg cylinder to about Rs 949.5 in Delhi. There are also no plans to cut down on the excise duties on the fuel.

Russia-Ukraine war: Commodities see biggest weekly surge in almost 50 years

Russia-Ukraine war: Commodity prices have spiked over fears of supply disruptions, as Russia, one of the biggest sources of crude, nickel, aluminum and wheat, is hammered by Western sanctions

Oil shock: Every $10/bbl rise in crude impacts India’s GDP by 40 bps

We do not rule a possibility of US yields rising to say 4.5 percent from current 3 percent. We believe this will be a big negative for global equity markets.

Oil hits USD 80, highest since November 2014, on Iran concerns

Brent crude futures reached an intraday high of USD 80.18 a barrel before receding to USD 79.67 at 1326 GMT.

Oil prices rise as Egypt woes stoke mkt doubt: Argus Media

Crude is on the boil. Brent crude oil price crossed the USD 100 per barrel mark, amid the market struggling to deal with rising inflation. Egypt’s escalating political turmoil is the main cause of concern at the moment, says Jason Feer of Argus Media, in an interview on CNBC-TV18.