May 6, 2026

oil

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Stock Market Live Updates: Nifty50 above 24,100; BSE Sensex up over 250 points as crude oil prices drop on US-Iran peace talk hopes

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According to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, Nifty is expected to consolidate in the near term, with markets likely to remain sensitive to developments in West Asia. While, Positive domestic macros, steady Q4 earnings and intermittent FII buying has provided near-term support, elevated crude prices, currency weakness…

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Dark discoloration, high TPC levels found in used cooking oil of famous fast food chain: What FSSAI says about the health risks |

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Cooking oil plays a crucial role in both nutrition and food preparation. It is said to be the primary source of energy and essential fatty acids that the human body needs for cell function, brain health, and hormone production as well. It also helps in the absorption of fat-soluble vitamins like A, D, E, and…

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Over $30 a barrel discount, but…: Iraq cuts crude oil prices, if buyers are willing to transit Strait of Hormuz to collect it

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The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…

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‘No proposal before the govt’: Centre rules out relief for state oil firms

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State-run fuel retailers will not receive government financial backing for losses arising from the sale of petrol, diesel and aviation turbine fuel (ATF) below cost, with the Centre confirming that no such proposal is under consideration.The three public sector oil marketing companies: Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation…

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Stock Market Live Updates: Nifty50 tumbles below 24,000; BSE Sensex down over 600 points as oil prices rise

contact@dailyupdatesindia.com02 mins

“In the previous session, Nifty 50 witnessed a recovery during the day but failed to sustain at higher levels, facing resistance around the 24,300 zone. This indicates continued supply pressure at elevated levels and suggests that the recent upmove was more of a pullback rather than a confirmed breakout.From a technical perspective, Nifty 50 continues…

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Oil price today: Crude touches $113 per barrel after UAE oil storage facility hit

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Rising tensions in the Middle East pushed oil prices sharply higher on Tuesday after Iranian-linked attacks and military clashes fueled fears over disruption in the crucial Strait of Hormuz shipping route.Brent crude, the international benchmark, closed at $114.44 a barrel, marking a rise of around 6% on the day, while US benchmark West Texas Intermediate…

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Middle East crisis: Three Indians injured after drone strike sparks fire at Fujairah oil zone in UAE | India News

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Three Indians injured after drone strike sparks fire at Fujairah oil zone in UAE NEW DELHI: Three Indian nationals were injured on Monday after a fire broke out at the Fujairah Petroleum Industries Zone (FOIZ) in the United Arab Emirates following a drone strike originating from Iran.Authorities in Fujairah confirmed that the blaze was triggered…

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