Crude Oil

Crude Oil News

The world's most actively traded commodity, with prices set by global supply, demand, and OPEC+ policy.

What is Crude Oil?

Crude oil is unrefined petroleum extracted from underground reservoirs. Two benchmark grades dominate global pricing: WTI (West Texas Intermediate) — light, sweet, US-produced; and Brent — North Sea-sourced, slightly heavier, used for ~two-thirds of world oil pricing. Refined products include gasoline, diesel, jet fuel, and petrochemicals.

Why it matters for investors

Oil prices flow through to inflation (transportation, manufacturing), corporate earnings (energy sector, airlines, materials), trade balances (oil-exporting vs. importing countries), and geopolitics (Middle East, Russia, Venezuela). For India, China, Japan, and Germany — large oil importers — sustained price moves directly impact current accounts and inflation.

Frequently asked questions

What's the difference between WTI and Brent?

WTI is the US benchmark; Brent is the global benchmark. WTI is slightly lighter and sweeter. Brent typically trades $2-5/barrel above WTI when global supply tightens or US production surges.

Who controls oil prices?

OPEC+ (OPEC plus Russia and other allies) manages supply for ~40% of global production. The US is the largest single producer. Demand is driven by China, US, India, Europe.

How does oil affect inflation?

Oil flows through to CPI via gasoline, diesel, heating oil, jet fuel, and petrochemical inputs to consumer goods. A sustained $20/barrel rise typically adds 0.5-1% to headline CPI in oil-importing economies.

🇭🇰 Hong Kong

Indian Markets Rally Third Day as Crude Oil Softens on US-Iran Peace Deal and Sensex, Nifty Extend Gains

Sensex and Nifty extended gains for a third consecutive day on global risk-on sentiment and significantly lower crude oil prices following the US-Iran Strait of Hormuz peace deal.

Jun 16, 2026

🇦🇺 Australia

ASX Set to Fall Despite Global Rally as Peace Deal Gains and SpaceX Surge Lift Overnight Markets

ASX futures pointed lower despite global equity gains on the US-Iran peace deal and SpaceX's continued post-IPO rally, as Australia's energy-sector composition creates divergence from global tech-driven indices.

Jun 16, 2026

🌐 Global

European Stocks Gain Modestly on US-Iran Deal as Markets Close Off Record Highs

European stocks closed modestly higher Monday after an interim US-Iran agreement to reopen the Strait of Hormuz sparked early rallies that faded through the session.

Jun 16, 2026

🇺🇸 United States

Goldman Sachs: Oil Price Decline From Iran Deal Could Delay Federal Reserve Rate Hike

Goldman Sachs analysts indicated that the oil price decline triggered by the US-Iran peace deal could influence the timing of Federal Reserve rate hikes.

Jun 16, 2026

🇧🇷 Brazil

G7 Leaders Convene in France Days After US-Iran Deal, Iran's Future Tops the Agenda

G7 leaders gathered in France on June 15-17 to address next steps following the US-Iran preliminary ceasefire agreement.

Jun 16, 2026

🇬🇧 United Kingdom

Iran War's Economic Fallout Will Unfold Over Years, FT Charts Show Oil and Reconstruction Impact

The Financial Times' seven-chart analysis shows the Iran war's economic fallout will extend for years even as a peace framework materialises.

Jun 16, 2026

🇨🇦 Canada

US Stock Futures Jump After Iran Deal to Reopen Strait of Hormuz; Oil Prices Slump

US stock index futures surged after Washington and Tehran reached an interim agreement to reopen the Strait of Hormuz, reducing global energy supply risk.

Jun 16, 2026

🇮🇳 India

India Markets Rally on US-Iran Truce as Aviation, OMC Stocks and Consumer Sectors Lead Broad Risk-On Surge

Indian equity markets surged broadly on US-Iran truce news, with analysts identifying aviation, OMC stocks and consumer discretionary as the highest-beta beneficiaries of the oil price decline

Jun 16, 2026

🇮🇳 India

Dow Surges 600 Points to Record High as Trump Announces Iran Deal, Triggering Broad US Equity Rally

Dow Jones surged over 600 points to a record high as Trump announced an Iran conflict agreement, triggering broad US equity market advance on geopolitical risk reduction

Jun 16, 2026

🇮🇳 India

Indian OMC Stocks Including IOCL Surge 5.5% as US-Iran Peace Deal Slashes Crude Prices and Improves Refining Margins

India's OMC stocks including IOCL rose up to 5.5% after crude oil prices fell sharply on the US-Iran peace deal, boosting refining margins for India's 85% import-dependent petroleum companies

Jun 16, 2026

🇨🇦 Canada

NZ Economists Cut Inflation Forecasts After May Fuel and Airfare Drop but Still See RBNZ Rate Hikes Ahead

New Zealand economists trimmed inflation forecasts after May fuel prices and airfares fell, but still expect RBNZ rate hikes as domestic non-tradeable inflation remains sticky

Jun 15, 2026

🇦🇺 Australia

ASX Energy Stock Crashes 11% After Major Analyst Downgrade Compounds Iran Deal Oil Price Headwind

An ASX-listed oil producer crashed 11% in a single session after a major analyst downgrade that compounded a broader sector headwind from Iran deal-driven crude price declines

Jun 15, 2026

🇸🇬 Singapore

Stoxx 600 Closes at Record High on Iran Deal Risk Rally but Analysts Caution Energy Costs Stay Elevated

Europe's Stoxx 600 ended at a record high as the US-Iran deal lifted risk sentiment, but analysts say energy costs will remain elevated until oil flows gradually normalise

Jun 15, 2026

🇨🇦 Canada

European Stocks Rise on US-Iran Deal Before Ceding Gains as Market Weighs Durability of Strait of Hormuz Agreement

European stocks closed modestly higher Monday as the US-Iran interim agreement to reopen the Strait of Hormuz lifted early gains before markets ceded most advances on caution

Jun 15, 2026

🇸🇬 Singapore

Dow Touches Record High as US-Iran Deal Slashes Oil Price Risk Premium Across Global Markets

Dow Jones Industrial Average touched an intraday record high as US-Iran deal optimism and lower oil prices lifted Wall Street's main indices on June 15

Jun 15, 2026

🇧🇷 Brazil

Trump Sets Sunday Iran Deal Deadline and Immediate Hormuz Reopening as Tehran Pushes Back

Trump declared the US-Iran deal should be signed Sunday with immediate Strait of Hormuz reopening, but Iran denied the timeline — creating uncertainty over the deal that triggered Monday 5% oil price decline.

Jun 15, 2026

🇨🇦 Canada

Israeli Strikes on Hezbollah Put US-Iran Peace Deal Timeline at Risk as Trump Intervenes

Israeli airstrikes on Hezbollah in Lebanon capital put the planned US-Iran peace deal signing at risk, prompting Trump to intervene with Netanyahu as oil markets braced for the potential reversal of Monday 5% crude price drop.

Jun 15, 2026

🇨🇳 China

US-Iran Peace Deal Triggers 5% Oil Price Drop, Sends Asian Equities Sharply Higher

Oil prices fell 5% on the US-Iran peace deal announcement with signing expected Friday in Switzerland, while Asian stock markets surged on the energy cost relief for the region net oil importers.

Jun 15, 2026

🇨🇦 Canada

Trump Eyes Iran Peace Deal But Tehran Reviews Text; Strait of Hormuz Reopening Hangs in Balance

Trump announced plans for a US-Iran peace deal but Iran pushed back saying it was still reviewing the agreement text

Jun 15, 2026

🌐 Global

Bitcoin Eyes $69K as Oil Plunges on Iran Deal; Five Key Factors Shaping BTC Trajectory This Week

Bitcoin gained bullish short-term price targets with $69,000 on the radar as the US-Iran peace deal reduced global risk aversion

Jun 15, 2026

🇦🇺 Australia

Trump's US-Iran Deal Ends War But Economic Damage to Shipping and Global Supply Chains Will Linger

US-Iran peace deal will reopen the Strait of Hormuz but the lasting damage to shipping routes and market confidence will take months to heal

Jun 15, 2026

🇮🇳 India

Rupee Hits Five-Week High After Oil Plunges; Traders Eye Further Rally on Iran Peace Deal

Indian rupee rose to a five-week high as crude oil prices plunged following the US-Iran preliminary peace deal

Jun 15, 2026

🇮🇳 India

BPCL, HPCL, IOC Rally Up to 5.5% as Brent Crude Hits 3-Month Low on US-Iran Peace Deal

Oil marketing companies BPCL, HPCL, and IOC rose up to 5.5% as crude oil fell to a three-month low on the Iran peace deal

Jun 15, 2026

🇮🇳 India

Sensex Surges 736 Pts, Nifty Gains 231 as Iran Peace Deal Adds Rs 8 Lakh Crore in Wealth

Sensex climbed 736 pts to 76,264 and Nifty advanced 231 pts to 23,854 in Monday's broad India market rally

Jun 15, 2026

🇺🇸 United States

Oil Plunges 5%+ to 3-Month Low as Trump-Iran Deal Lifts Indian Equities, Rupee, European Markets

Crude oil fell more than 5% to three-month lows after Trump and Iranian leaders confirmed a deal ending 100+ days of war

Jun 15, 2026

🇮🇳 India

STOXX 600 Sets Record High as Peace Deal Lifts Autos, Airlines; Energy Stocks Decline

Europe's STOXX 600 struck a record high on the US-Iran peace deal, with auto and airline sectors leading broad gains

Jun 15, 2026

🇺🇸 United States

Trump's US-Iran Peace Deal Sends Oil Plunging, SPY Rallies as Rate-Hike Fears Recede

Trump announced a US-Iran peace deal ending 100+ days of war, sending oil prices plunging and global equities surging

Jun 15, 2026

🇸🇬 Singapore

Stoxx 600 Hits All-Time Record as US-Iran Peace Deal Crushes Oil Prices, Boosts Risk Assets

Europe's STOXX 600 reached a new all-time high Monday as US-Iran preliminary peace deal triggered broad global risk rally

Jun 15, 2026

🇮🇳 India

IndiGo and Travel Stocks Surge as US-Iran Peace Deal Promises Jet Fuel Relief and Gulf Route Reopening

IndiGo and Indian travel stocks surged sharply after the US-Iran peace deal raised hopes of easing Middle East tensions

Jun 15, 2026

🇮🇳 India

Ashok Leyland and Tata Motors CV Stocks Surge Up to 9% as US-Iran Peace Deal Crashes Diesel Costs

Ashok Leyland, Tata Motors, and other commercial vehicle stocks surged up to 9% as the US-Iran peace deal reduces fuel costs

Jun 15, 2026