Page 25 - Crude Oil Price

Crude oil price soars to $113 a barrel as Russia-Ukraine conflict worsens

Brent crude oil price soared to $113 a barrel on Wednesday, the highest level in nearly eight years, due to disruptions in supply amid escalating Russia-Ukraine tensions.Brent crude oil price surged to $113.02 per barrel in London. Brent crude, also known as London Brent, makes up more than half of the world's globally traded supply of crude oil.West Texas Intermediate (WTI) crude oil price jumped to $111.50 a barrel.Crude oil prices have spiralled in the last one week after Russian President Vladimir Putin ordered a military operation in Ukraine.The tensions between Russia and Ukraine are escalating with each passing day. Russia has continued bombardments of Ukrainian cities. Western countries, led by the United States, have tightened sanctions on Russia.

Saudi Arabia may raise April crude prices to Asia to all-time highs

The sharp price hikes are tracking strong gains in Middle East benchmark Dubai last month which reached record levels as buyers faced limited options amid tight supplies

Oil prices surge above $100 a barrel as Russia-Ukraine crisis escalates

Oil prices soared on Tuesday and investors shifted more money into ultra-safe US government bonds as Russia stepped up its war on Ukraine. Stocks fell following a volatile day for major indexes as investors tried to measure how the conflict will impact the global economy. The S&P 500 index fell 0.7 per cent as of 10:14 am Eastern. The Dow Jones Industrial Average fell 337 points, or 1 per cent, to 33,554 and the Nasdaq fell 0.5 per cent. The bigger moves came from the markets for oil, agricultural commodities and government bonds. Oil has been a key concern because Russia is one of the world's largest energy producers. The latest bump in prices increases pressure on persistently high inflation that threatens households around the world. US benchmark crude oil prices rose 6.6 per cent to USD 101.87 per barrel, reaching the highest price since 2014. Brent crude, the international standard, rose 6.6 per cent to USD 104.44. Russia's invasion of Ukraine has also put more pressure on

Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis

For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices

War & markets: Sharp recovery post a steep fall? History does suggest so

Analysts say the market fall was a knee-jerk reaction to the Russia - Ukraine conflict and are likely to witness a choppy phase before discounting this development and staging a sharp rebound

Ukraine crisis: Oil and gold turn costlier amid sanctions on Russia

Brent crude rose $ 2.79, or 2.85 per cent, to $100.72 by 9.12 pm IST after touching a high of $105.07 a barrel in early trade

Financial markets trying to discount changing news flow: Rabobank Intl

The accommodative RBI policy, combined with fiscal stimulus and (further) increase in energy commodities, particularly oil, increases the odds of high inflation, say Lambregts and Eijkelenburg

Petrol, diesel prices lagging by Rs 6-8 a litre in absence of hikes: Report

The agency said a cut in the excise duties to the pre-pandemic levels before the start of the new fiscal year on April 1 will entail a cost of up to Rs 92,000 crore to the exchequer

Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report

Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now

Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura

A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said

What is at stake for India as Russia invades Ukraine?

As Russian troops stormed into Ukrainian, the Indian govt is scrambling all resources to evacuate its citizens from the country. The war will also have economic consequences. Find out what's at stake

Ukraine crisis: Housing prices may rise due to input cost pressures

In a statement, CREDAI President Harshvardhan Patodia said: 'Post the geo-political escalations, oil prices have surged, and stock markets have crashed globally'

Russia-Ukraine conflict: India Inc frets over spiking crude, input costs

'India is already witnessing price rise and with the current situation, trade costs are bound to increase across all industries, seeping down to items of daily utility'

Indian economy poised for recovery, but high crude prices worrisome: CEA

The banking sector in the country is stable, capital is available and credit offtake is poised to take off, said CEA V Anantha Nageswaran at a webinar organised by Bharat Chamber of Commerce

Oil at $103: No fears of supply disruption to India, prices a concern

Brent crude rose to as much as USD 103.78 a barrel, the highest since August 14, 2014, and was at USD 103.40 at 1500 hrs, up USD 6.71, or 6.93 per cent

Indian Oil Corp buys first Russian Urals crude in 2 years as prices slump

Urals crude was last imported by IOC at its Paradip port in April 2020, Refinitiv's trade flows data showed

Oil's not well: Inflation may not stay in sync with MPC's estimate

Oil shock: Current account deficit may touch 2.5% of GDP next year

India among most exposed Asian economies to oil rate shocks: Morgan Stanley

If oil prices rise by another $20 in a sharp and sustained manner, it will raise macro stability risks in Asia and the economies which are most exposed are India, South Korea, and Thailand

Russia-Ukraine tensions keep crude elevated; negative for net importers

Brent-indexed crude oil prices traded at $94-$95 per barrel, which is at its multi-year high

Oil price steadies on waning supply worries over Russia-Ukraine crisis

Brent crude rose 11 cents, or 0.01%, to $96.95 a barrel at 0730 GMT, after soaring as high as $99.50 on Tuesday, the highest since September 2014