India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4
The latest Economic Survey for FY22 projected economic growth at 8-8.5 per cent assuming crude oil prices at $70-$75 per barrel
In India, MCX crude futures for March 21 delivery hit an all-time high of $8,274 a barrel.
Brent crude oil price soared to $113 a barrel on Wednesday, the highest level in nearly eight years, due to disruptions in supply amid escalating Russia-Ukraine tensions.Brent crude oil price surged to $113.02 per barrel in London. Brent crude, also known as London Brent, makes up more than half of the world's globally traded supply of crude oil.West Texas Intermediate (WTI) crude oil price jumped to $111.50 a barrel.Crude oil prices have spiralled in the last one week after Russian President Vladimir Putin ordered a military operation in Ukraine.The tensions between Russia and Ukraine are escalating with each passing day. Russia has continued bombardments of Ukrainian cities. Western countries, led by the United States, have tightened sanctions on Russia.
The official selling price (OSP) for Saudi's flagship Arab Light crude may rise to a record of $4.50 a barrel, up $1.70, three of five refining sources told Reuters in a survey.
Brent futures rose $7.00, or 7.1%, to settle at $104.97 a barrel, their highest close since August 2014.
May Brent crude futures, which began trading as prompt on Tuesday, gained about 1% at 0141 GMT to $98.90.
Brent crude rose $2.65, or 2.7%, to $100.58 by 1255 GMT after touching a high of $105.07 a barrel in early trade
Brent crude rose $4.16, or 4.3%, to $102.09, at 0915 after hitting a high of $105.07 a barrel in early trade
At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade
The rouble dived as much as 29.67% to a record-low 119.5 per dollar.
Experts say if oil prices continue to rise, India's valuation premium-to-EM peers could narrow further
A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel, analysts say
By 1115 GMT, the Euro STOXX gained 1.78% higher while the FTSE 100 climbed 2.1%. Germany's DAX increased 1.3%
Global benchmark Brent crude rose $1.99, or 2%, to $101.07 a barrel around 0155 GMT on Friday
If India has to partially insulate itself, then oil companies must be given leeway to manage oil price risks
The numbers suggest an across-the-board impact, including banks and financials, and oil and gas companies.
The United States and Europe have promised the toughest sanctions on Russia in response
US and EU promise toughest sanctions on Russia; Brent and WTI hit highest since 2014
Oil prices surged by nearly $6 per barrel Thursday after President Vladimir Putin launched Russian military action in Ukraine. Brent crude oil jumped to over $100 per barrel on unease about possible disruption of Russian supplies. The price of US benchmark crude briefly surpassed $98 per barrel. The ruble sank 7.5% to more than $87 to the US dollar. The future for Germany's benchmark DAX index lost 5.3% and London's FTSE 100 was off 3.3% as Europe awakened to news of explosions in Kyiv, Kharkiv and other areas of Ukraine. Putin said Russia's military operation was needed to protect civilians in eastern Ukraine, a claim Washington had predicted he would make to justify an invasion. US President Joe Biden denounced the attack as unprovoked and unjustified" and said Moscow would be held accountable, which many took to mean Washington and its allies would impose additional sanctions. Putin accused them of ignoring Russia's demand to prevent Ukraine from joining NATO and to offer Mosco