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Global crude oil prices remained elevated this week as tensions in the Middle East continued to worry investors. Despite high U.S. production, West Texas Intermediate (WTI) crude traded above Brent crude for the first time since 2009. Analysts say the surge is driven by geopolitical risks, control over the Strait of Hormuz, and fears of supply disruptions, keeping oil markets on edge.

Explained: Why are crude oil prices surging despite US supply surplus?

Crude oil reverses early gains as easing US-Iran tensions trigger selling; MCX crude futures drop nearly 5 per cent, mirroring global volatility.

Brent crude oil price slips below $100, MCX crude tanks nearly 5% in sudden reversal

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Global oil prices eased sharply on March 9 after nearing USD 120 per barrel, with both Brent Crude and West Texas Intermediate (WTI) witnessing intraday declines of up to 18 per cent. The pullback came despite strong gains earlier in the session, as markets reacted to reports that G7 finance ministers may consider releasing emergency oil reserves.

&nbsp;

Oil prices cool after hitting boil: Why did Brent and WTI fall up to 18% after nearing $120?

The Indian economy will experience direct effects from extended periods of rising global crude oil prices. India buys most of its oil&nbsp;from other countries, which means that any price increase will raise the cost of imported oil for the nation.&nbsp;

Crude oil prices jump over 2% after Iran closes Strait of Hormuz

Brent crude oil prices reached $82.37 per barrel, which marks the highest point since January 2025. Brent crude oil prices later rose 7.60 per cent&nbsp;to $78.41 per barrel. West Texas Intermediate crude oil futures increased 7.19 per cent to reach $71.86 per barrel at the same time.

Crude oil prices jump over 7% as Iran conflict raises global supply fears

Rupee edges higher as global risk appetite improves; all-time highs in US futures lift sentiment

Rupee strengthens to 85.44 in early trade, Nasdaq, S&P 500 futures hit record highs; oil prices ease

Indian currency ends at 85.71 against the US dollar as global risk sentiment improves; crude prices steady, RBI flags domestic resilience.

Rupee jumps 38 paise on weaker dollar, easing Middle East tensions

Brent crude slips below $69 as fragile ceasefire eases supply fears; markets cautious amid ongoing tension

Oil prices plunge nearly 5%, returning to levels last seen before Iran-Israel conflict

Brent crude hits five-month high as U.S.-Israel strikes on Iran stoke oil supply fears; India banks on Russian crude to offset West Asia risk.

&nbsp;

Oil prices jump to five-month high as Trump strikes on Iran

Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT.

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Both contracts closed on Thursday at their highest levels since October and continued to climb after the session ended, having received support in recent days from heightened geopolitical tensions and potential supply risks.

Brent settles above $90 for first time since October on geopolitical tension

The output cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) is expected to cushion the market amid global economic concerns and rising output outside the group, with Russia's announcement surprising some analysts.

Oil rises after OPEC+ extends output cuts

Brent crude futures rose 12 cents, or 0.15 per cent, to $82.46 a barrel by 0100 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 9 cents, or 0.12 per cent at $77.13.

Oil rises; markets weigh Red Sea attacks, US rate cuts

The U.S. Commerce Department report showed retail sales dropped 0.8 per cent in January, the biggest fall since February 2023.

Oil prices roughly flat as unclear demand scenario weighed

If inflation worries delay Fed interest rate cuts, that could reduce oil demand by slowing economic growth.

Oil prices near flat as demand worries offset Middle East risk

Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait.

Commodity market news: Oil prices drift lower on China demand worries

Both WTI and Brent's front-month contracts also traded below later-dated contracts, a structure known as contango.

Oil prices slump to 4-month low on US, Chinese economic concerns

Oil exporter Saudi Arabia is expected to reconfirm an extension of its voluntary oil-output cut of 1 million barrels per day through December.

Oil prices steady, on track for second straight week of losses; WTI set to close down 3.5%

Prices spiked on Tuesday after Saudi Arabia and Russia extended voluntary oil supply cuts to the year-end.

Oil prices edge up on anticipated US crude stock draw

brent-crude-oil-price

Global crude oil prices remained elevated this week as tensions in the Middle East continued to worry investors. Despite high U.S. production, West Texas Intermediate (WTI) crude traded above Brent crude for the first time since 2009. Analysts say the surge is driven by geopolitical risks, control over the Strait of Hormuz, and fears of supply disruptions, keeping oil markets on edge.

Crude oil reverses early gains as easing US-Iran tensions trigger selling; MCX crude futures drop nearly 5 per cent, mirroring global volatility.

Global oil prices eased sharply on March 9 after nearing USD 120 per barrel, with both Brent Crude and West Texas Intermediate (WTI) witnessing intraday declines of up to 18 per cent. The pullback came despite strong gains earlier in the session, as markets reacted to reports that G7 finance ministers may consider releasing emergency oil reserves.
 

The Indian economy will experience direct effects from extended periods of rising global crude oil prices. India buys most of its oil from other countries, which means that any price increase will raise the cost of imported oil for the nation. 

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Brent Crude Oil Price

Explained: Why are crude oil prices surging despite US supply surplus?

Brent crude oil price slips below $100, MCX crude tanks nearly 5% in sudden reversal

Crude Oil Volatility Explained: Can prices cross $100 again amid Middle East tensions? Anil Singhvi breaks it down

Oil prices cool after hitting boil: Why did Brent and WTI fall up to 18% after nearing $120?

Crude oil prices jump over 2% after Iran closes Strait of Hormuz

Crude oil prices jump over 7% as Iran conflict raises global supply fears

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