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Oil markets stay flush despite tanker attacks
Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said it pumped 10.5 million barrels a day in October, a level reached only once since 2022. Iraq and Kuwait also reported big increases, while the United Arab Emirates is now free of OPEC quotas, allowing it to pump as much as it wants. Gulf shipments nudged lower this week, but remain healthy despite a slew of attacks, according to TankerTrackers.com.
German yields set for biggest weekly rise in two months
As traders ramp up their expectations for European Central Bank interest rate hikes, yields on German government bonds are climbing steadily. This shift follows US inflation figures that were unexpectedly high, disrupting the bond market landscape. Meanwhile, global stock indices are witnessing a downturn, impacting the demand for traditionally safe assets.
Oil Price Today (November 13): Brent crude climbs above $95 after fresh Middle East attacks; Trump says no need for deal
While oil prices have dropped from their multi decade highs which they hit earlier this year, analysts remain cautious amid the seesaw political game in the Middle East. Goldman Sachs recently raised its oil price forecasts, citing increasing risks to global supplies. The investment bank warned that Brent crude could climb to $140 per barrel in 2027 if oil production across the Gulf region remains significantly below its 2025 average.
Sensex, Nifty mark 2-week winning run on FPI inflows
Indian equity benchmarks in Mumbai have seen a two-week winning streak with significant foreign investment. Foreign Portfolio Investors have invested over ₹75,000 crore in November, while domestic institutional investors have sold shares worth around ₹46,835 crore. The BSE Sensex and NSE Nifty both experienced mild increases despite profit booking by domestic investors. Brent crude oil prices have declined, contributing positively to India's macroeconomic outlook.
India bonds to stay hemmed in by oil, Treasury moves ahead of inflation data
Indian government bonds are anticipated to trade between softer oil prices and rising US yields. The market is waiting for domestic inflation data that could influence the Reserve Bank of India's rate strategy. A Reuters poll estimates an increase in annual consumer inflation, potentially leading to further tightening by the RBI. Investors are cautious ahead of a significant bond auction scheduled for Friday.
Oil Price Today (November 12): Brent crude falls below $92 amid hopes for US-Iran, Russia-Ukraine peace talks
Crude oil price: Brent crude futures fell more than $1 to trade below $92 per barrel, while US West Texas Intermediate (WTI) crude futures also lost over $1 to trade below $86 per barrel on Thursday morning. This comes after Brent crude rose over 1% on Wednesday after hitting two-month lows in the previous day.
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Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure markets
Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine wars pressured the market. Brent
Rupee climbs to near 7-month high of 93.69 against dollar
On Wednesday, the Indian rupee surged to a close seven-month peak of 93.69 against the US dollar, fueled by a dip in oil prices and a surge in foreign capital into Indian stocks. Although exporters are evaluating hedging options, their engagement is lackluster due to recent regulations. As Brent crude oil prices settle around $92 per barrel, experts forecast the rupee to oscillate within the bandwidth of 93.25 to 94.
Sterling drops against firmer dollar as markets price in a hawkish Fed
The pound fell against the dollar following strong US inflation data and comments from Federal Reserve officials. Despite recent hawkish expectations supporting the pound, crude oil prices are rising, which could be unfavorable. Britain's gross domestic product data is due soon, with growth expectations for the third quarter. Analysts remain skeptical about the Bank of England achieving inflation targets before 2030.
Oil Price Today (November 11): Brent crude rises to $92 as attacks on ships offset Iran war resolution hopes. What’s ahead?
Brent crude futures rose near $92 per barrel, while US West Texas Intermediate (WTI) crude futures increased to over $86 per barrel on Wednesday morning.
Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
Oil prices rose after a two-month decline due to ongoing tensions in the Iran war and attacks on shipping. Brent futures climbed following reports of multiple attacks on vessels in the Strait of Hormuz. Data indicated a significant rise in shipping incidents in October, with continued threats observed into November. Concerns remain about insurance costs and risks associated with shipping in these waters.
US crude production to hit record high for fourth straight year in 2026, EIA says
The US Energy Information Administration expects crude production to reach a record 13.9 million barrels per day in 2026, rising to 14.3 million bpd in 2027. Diesel and gasoline prices are also forecast to increase in 2027. Brent crude is projected to average $97 per barrel in 2026 before easing to $86 in 2027.
Eurozone bond yields fall as lower energy prices ease inflation concerns
On Tuesday, government bond yields in the Eurozone experienced a notable drop, particularly for French and Italian bonds. The easing of inflation worries, attributed to falling oil and natural gas prices, enhanced demand for bonds. Germany's 10-year bond yield fell to 3.25%, while France's decreased to 4.69%. Boosted by the US President's calming remarks, market sentiment improved, especially for nations that had faced challenges in their bond markets.
European stocks rise, STOXX 600 nears record high as oil prices fall
European stocks kicked off the day on a positive note, with the STOXX 600 index climbing thanks to decreasing oil prices and reduced geopolitical tensions. Investors showed optimism after Donald Trump's remarks concerning military strategy towards Iran. Notably, airlines such as Lufthansa and Air France-KLM surged alongside lower oil costs.
Oil Price Today (November 10): Brent crude falls below $90 for first time in 3 months as Trump says Iran war is effectively over
Crude oil price: Brent crude prices have dropped below $90 per barrel for the first time in nearly three months. US West Texas Intermediate crude futures have also seen declines, slipping to $85 a barrel. President Trump indicated the conflict with Iran is effectively over, suggesting reduced military action is needed. Goldman Sachs has revised its oil price forecasts, predicting potential increases in the coming years.
Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC's oil output increased in October, supported by higher production from Saudi Arabia and Kuwait.
Gold dips ahead of US inflation data
Gold prices edged lower in early Asian trade on Tuesday as investors awaited US inflation data later in the day for clues on the Federal Reserve's next policy move.
US Dollar crashes today: Why is USD down against other currencies?
Brent crude futures fell $5.75, or 5.85 per cent, to settle at $92.57 a barrel, and prices continued falling after settlement, while US West Texas Intermediate futures dropped $3.98, or 4.38 per cent, to $86.85.
US gas prices drop after midterm elections as oil falls below $100 - But will the relief last?
Gas prices in the United States have recently seen a welcomed dip, giving consumers a much-needed break from rising costs. This decrease coincided with the aftermath of the 2026 US midterm elections, providing hope for reduced hostilities related to the Iran war. Nonetheless, experts advise caution, indicating that electoral outcomes alone cannot mitigate the complex geopolitical challenges influencing oil supply and prices, particularly with ongoing tensions like the Russia-Ukraine conflict.
Oil Price Today (November 9): Crude oil falls below $100 again as Trump says fresh attacks ‘highly unlikely’. What are experts saying?
Crude oil price: Prices came under further pressure after US President Donald Trump indicated that he was unlikely to authorise fresh attacks on Iran if negotiations to end the conflict continued to make progress. In a phone interview with CNN, Trump said further military action was "highly unlikely" to be necessary, provided both sides reached a strong agreement.
Oil falls on open as Trump says fresh Iran attacks 'unlikely'
Oil prices fell at the start of the week as uncertainties regarding military actions persist. US President Donald Trump suggested that further attacks on Iran are unlikely while diplomatic talks are ongoing. The tensions surround recent incidents affecting shipping in the Strait of Hormuz, a critical oil passage. Brent crude oil prices declined by 64 cents, while West Texas Intermediate prices also saw a reduction.
Oil falls on open as Trump says fresh Iran attacks 'unlikely'
Oil prices fell at Monday's open after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progress, even as both countries reported that shipping had been hit in or near the Strait of
Oil Price Today (November 6): Crude oil nears $100 again as fresh attacks dent peace talk hopes. What are experts saying?
Crude oil price : Oil prices are making a comeback as fears of supply interruptions grow following recent tanker attacks. President Donald Trump has reiterated that Iran must obtain US consent for its nuclear activities. Concerns about potential supply challenges loom large, prompting Goldman Sachs to revise its Brent and WTI crude price projections upwards. Meanwhile, diplomatic negotiations involving Iran, Saudi Arabia, and Qatar progress amid regional volatility.
US midterm elections: Crude cools, but Iran war risks keeps markets guessing
Oil prices are expected to stay elevated amid President Trump's weakened political position after the midterms. Uncertainties regarding the Iran conflict could impact military strategies, potentially leading to higher oil costs. A resolution that restores oil transport through the Strait of Hormuz is crucial for reducing oil prices. Trump’s decisions may influence the ongoing military conflict or create a deal with Iran.
Brent crude oil price falls below $100 a barrel on hopes of Iran peace deal following Democrats' midterm victory
Crude oil prices experienced a significant decline, with Brent prices falling below $100 per barrel. The decline was influenced by hopes for a peace deal in the Iran war after Democratic victories. Discussions about a possible agreement have prompted Qatar to increase its mediation efforts between Washington and Tehran. Despite the optimism, Iranian officials suggest that an agreement is still far from being reached.
Oil Price Today (November 4): Crude oil falls below $104 ahead of US midterm elections outcome. What are analysts saying?
Crude oil price : Oil prices experienced a slight dip on Wednesday as traders kept a close eye on the US midterm elections. Brent crude futures fell to $103.21 per barrel, with US WTI crude also seeing a decrease to $95.42. Despite an unexpected drop in US crude inventories, the unpredictable situation in the Middle East continues to influence market sentiments.
Oil edges down as investors await US midterm election results
Oil prices decreased due to investor caution ahead of the US midterm elections and ongoing peace negotiations. Brent futures and West Texas Intermediate crude both saw declines despite an unexpected drop in US crude stocks. Vote counting for the midterm elections continues, which may influence the Republican party's control of Congress. Peace talks in the Middle East were also impacted, especially involving the US and Iran.
Rupee rises as oil slips from six-month high
On Monday, the Indian rupee strengthened to close at 94.74, following a decrease in oil prices. Oil prices fell from six month peaks, contributing to the rupee's gains, which were significant during the trading day. The currency fluctuated between 94.88 and 94.60 amidst the market movements. Brent crude oil futures were priced at $104 per barrel during Asia trading hours.
Why are oil prices down today? Brent Crude futures drop by 5.9%. Here's the latest price
Oil prices have fallen by 5.9% due to diplomatic talks between Iranian and Qatari officials. The hopes of a deal to end the US-Israeli war against Iran have increased. Brent Crude futures have fallen by 5.9% to $106.76 per barrel after increasing in the earlier session. However, there was also some sentiment around the possible reopening of the Strait of Hormuz in the next two days.
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