Oil prices rose from the six-month lows as the outlook for market demand remained clouded by trade tensions over tariffs imposed by US President Donal

Brent crude slips below $70 per barrel, boosting OMC, aviation, and paint stocks. Lower input costs improve margins, with BPCL, HPCL, and Asian Paints among top gainers. Investors eye long-term impact.

WTI and Brent crude struggle amid weak demand and rising supply. Can OPEC+ production shifts stabilize oil prices? Read the latest market outlook.

Crude oil prices have fallen to a 12-week low, sparking speculations that petroleum product prices could crash further as Nigerian oil refiners continue price war.

The crude oil market attempted to break higher in the early hours on Thursday, as traders are busy looking for the overall global economy to slow down. Remember, while the season for higher demand is coming,

Enverus Intelligence Research said it has downgraded its Brent price forecast 'due to recent events including OPEC production cuts and President Trump's tariffs'.

Shares of Indian oil marketing companies surged as Brent crude prices fell below $70 per barrel, their lowest in three years. BPCL, HPCL, and IOC reported gains up to 5%, with Emkay Global noting that lower crude prices are favorable for these companies.

Brent crude declined by 1.20 percent to $70.76 a barrel while US West Texas Intermediate (WTI) crude declined by 0.86 percent, to $67.77 percent, at 06:04 am.

Oil prices fell to multi-month lows on Tuesday after reports of OPEC+ plans to proceed with output increases in April while further price pressure was applied by U.S. tariffs on Canada, Mexico and China as well as Beijing's retaliatory tariffs.

Brent crude futures have plunged 6.5 percent over the last four sessions, settling at $68.34 per barrel—their lowest since December 2021.