Crude Prices

India's efforts to attract overseas capital have generated over $40 billion since June, increasing the Reserve Bank of India’s (RBI) foreign-currency reserves. The inflow aims to stabilize the rupee amid rising crude oil prices.

ExxonMobil Holdings Corp. narrowly missed profit forecasts despite rising crude prices and expanding fuel-making margins. The US-Iran conflict entering its sixth month is cited as a factor affecting refining results.

Chicago soybean oil futures fell the most in a month as the US pause in strikes against Iran eased fears of further escalation, causing crude prices to drop and dragging grain and oilseed markets lower.

The COLCAP index rose 0.13% to 2,301 and the Colombian peso strengthened to 3,256 per dollar, supported by stable crude prices and a broader risk-on market sentiment. The article was first published on The Rio Times.

India’s central bank intervened in the foreign exchange markets to support the rupee as the currency weakened toward a record low. The decline was attributed to a renewed surge in crude prices affecting market sentiment.

Palm oil is expected to rise for the second week due to increased demand from India and higher crude prices. The market anticipates stronger demand and a positive biofuel outlook contributing to the gain.

The US launched new strikes on Iran following attacks on tankers, and the Trump administration revoked a license allowing Iran’s oil sales, causing crude prices to rise.

OPEC+ agreed to increase oil output in August as the Strait of Hormuz reopens, leading to lower crude prices in Latin America.

India's stock market is outperforming due to its lack of major AI companies, which has positioned it as a safe haven for investors amid global tech stock volatility. Lower crude prices, driven by increased oil tanker traffic through the Strait of Hormuz, have boosted optimism about India's corporate earnings and macroeconomic outlook.

OPEC+ agreed to modestly increase crude production, but the move remains symbolic until a U.S.-Iran peace deal is reached and the Strait of Hormuz reopens. The hike is not expected to significantly impact global supply amid falling crude prices.

Angola's oil export revenue decreased by 22% to $24.4 billion in 2025 due to weakened crude prices. The decline highlights the need for diversification in Africa's second-largest oil producer.

China's reduced oil imports since the Iran war began have helped keep global crude prices below $100, though analysts caution this may not be sustainable.

Tel Aviv shares dropped and the shekel weakened against the dollar as renewed fighting with Iran caused crude prices to rise over 4%, exacerbating declines in European and Asian markets. Financial and insurance indices led the losses on the Tel Aviv Stock Exchange.

Singapore’s economy expanded 1% in Q1 2024, driven by the global AI boom boosting manufacturing and services, despite higher crude prices. This growth exceeded the government’s 0.3% contraction forecast and outperformed median expectations.

The article highlights the escalating energy crisis caused by the US blockade of the Strait of Hormuz, leading to severe supply disruptions and surging crude oil prices. The situation worsens as the Iran war continues, disrupting global oil markets and impacting refineries like Valero Houston Refinery.

Oil prices dropped significantly by up to 15% due to a conditional pause in conflict between the US and Iran, while shares increased.