Energy
Price appears after the next refresh once its market-data key is added.
Priced in US dollars
Crude oil prices dropped to less than $92 per barrel for Brent and $86 for WTI following reports citing President Trump as not planning to attack Iran “at this point”. At the time of writing, Brent crude was trading at $91.61 per barrel, and West Texas Intermediate was at $85.81 per barrel, after crashing by 7% on Monday, as reports emerged that the United States was open to letting Iran enrich uranium to almost 4% and Iran was, reportedly, going to accept the suggestion.
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.
Scientists have made a surprising discovery that could slash the amount of energy used in oil refining by eliminating part of the high-temperature heating process required to separate the fractions of crude oil. The scientific breakthrough has found a simple and inexpensive way to separate crude oil molecules through a polymer membrane, radically different from previous attempts to fractionate crude oil via membranes.
Oil prices plunged as renewed Iran peace hopes eased concerns over Middle East supply disruptions.
Saudi Arabia’s East-West pipeline, the kingdom’s main route for moving crude around the Strait of Hormuz, came under attack on Monday, the same day a Reuters survey showed OPEC output had recovered to 90% of its pre-war rate. An Energy Ministry official said the pipeline was targeted in the Medina region, causing a limited fire that emergency crews put out with no casualties and no disruption to operations.
Indian government bond yields extended their rally on Monday, with the benchmark 10-year yield falling nearly 4 basis points as easing crude oil prices and hopes of a US-Iran peace deal improved sentiment. Investors are now watching US and Indian inflation data for cues on the outlook for interest rates.
Crude oil experienced its sharpest weekly decline in months on Friday, Ole S. Hansen, Saxo Bank's Head of Commodity Strategy, said in a report sent to Rigzone.
The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275.
Indian government bonds exhibited limited movement today as oil prices showed signs of stabilization. Investors are remaining cautious, especially with inflation data from both the United States and India on the horizon.
Global markets face a volatile week as investors assess the AI-led technology selloff, US inflation data, oil prices and geopolitical risks. China’s economic releases, European growth indicators and the COP31 climate summit will also shape sentiment.
Citi Research projects that India's benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings prospects and falling oil prices.
OPEC's crude production rose toward pre-war levels last month as Saudi Arabia led a further recovery in Persian Gulf supplies, according to a Bloomberg survey.
Crude prices fluctuated as traders weighed Iran diplomacy, recovering Gulf exports and broader market weakness.
Commercial crude oil stocks, not including the SPR, came in at 409.760 million barrels on October 30, the EIA's latest weekly petroleum status report showed.
Treasury yields were last little changed Wednesday as investors weighed big wins from Democrats in the U.S. midterm elections.
Fictional demonstration lots on Democratize Markets+, shown with illustrative AI-generated images. Not an offer or a financial promotion. Opening a lot needs a platform sign-in.
Information only, compiled from public sources with AI assistance. Not investment, legal, tax or regulatory advice, and not a recommendation to buy or sell anything. Scenarios describe what could happen and what has happened before; they are not forecasts. Prices are delayed or end-of-day. Always check the original source.
Live on platform
