Crude Oil – Ayen News

NSE Nifty and BSE Sensex Prepare for Volatile Week Ahead Over Oil Price Fluctuation

Market analysts predict a cautious opening on Monday as the Israel-Iran conflict continues to roil international energy indices.

The Brazilian government announces a two-month emergency freeze on fuel taxes to shelter local markets from geopolitical shocks.

Global oil benchmarks Brent and WTI rise after a maritime mine alert prompts energy transport firms to re-route shipping.

OMCs pushed petrol prices past Rs 102 per litre in Delhi in a continuing series of hikes since mid-May driven by elevated crude oil costs.

Oil marketing companies raised fuel prices in Delhi and across major cities as global crude prices climbed and refiner losses mounted.

Fuel retailers continued a series of price hikes with petrol and diesel rates rising as global crude remained elevated.

Brent crude declined as news of a preliminary Hormuz reopening deal circulated among regional officials.

Mumbai sees another daily fuel hike despite falling global crude as taxes and exchange rate keep prices elevated.

A consumer opinion on the repeated petrol price hikes amid falling global crude prices.

Elevated crude oil prices, a weak rupee and persistent under-recoveries are forcing difficult policy choices for India’s petroleum ministry.