Crude Oil Price Today

The current global crude oil price today stands at $68.55 per barrel, which is approximately ₹6,295.60 based on the dollar rate of ₹92. This marks a slight decrease from yesterday's price of $69.53. Over the past ten days, the highest price recorded was $69.53 on 29/01/2026, while the lowest was $64.11 on 19/01/2026.

Recent trends indicate that oil prices are heading for their largest monthly gains since January 2022, driven primarily by escalating tensions in the Middle East. Speculation around potential disruptions to Iranian oil supplies has contributed a risk premium to the crude oil price as traders remain concerned about flow from the critical Strait of Hormuz.

The geopolitical climate is further influenced by U.S. military actions and rhetoric towards Iran, where President Trump has warned of possible strikes. Ongoing talks between U.S. officials and senior defense representatives from Israel and Saudi Arabia aim to address these concerns, although analysts from JPMorgan suggest that prolonged supply disruptions are unlikely.

In addition, crude supply from Kazakhstan, Russia, and Venezuela has faced setbacks, further tightening the market. Production issues due to severe weather in the Arctic region are estimated to reduce U.S. output by 340,000 barrels per day this month, as oil prices respond to these supply concerns.

As inflation remains elevated and with the impending mid-term elections, changes in oil production policies are being closely monitored.

The potential for military action in Iran appears limited, as analysts predict that U.S. interventions may not target the core oil infrastructure to avoid exacerbating supply issues.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of 29-January-2026, the crude oil price today stands at $68.35 per barrel, equivalent to approximately ₹6,284.20, reflecting an increase from yesterday's price of $66.93. This rise indicates growing investor concern over potential geopolitical disruptions, particularly involving the U.S. and Iran.

During the past 10 days, the crude oil price fluctuated, reaching a high of $68.35 on this date and a low of $64.11 on 19/01/2026. The upward trend suggests increasing market volatility influenced by geopolitical factors.

The ongoing tensions with Iran have significantly contributed to price escalations. U.S. military posturing and sanctions aim to curb Iran's nuclear ambitions, raising fears of supply disruptions. Analysts indicate that the geopolitical premium is adding an estimated $3 to $4 per barrel to oil prices.

Additionally, a surprising drop in U.S. crude inventories by 2.3 million barrels indicates that the market faces a tighter supply-demand balance. This scenario, combined with steady refinery activity and reduced availability from certain sources, adds further pressure on prices.

Experts forecast continued strength in oil prices due to multiple factors, including U.S. restrictions on Russian oil imports and ongoing demand from China. Analysts remain watchful for any changes in U.S. interest rates or broader inflation trends that could also affect crude oil pricing.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The global crude oil price today is $66.84 per barrel, translating to approximately ₹6,147.68 based on the current dollar to INR rate of 92. This marks an increase from yesterday's price of $66.31 per barrel. The last 10 days have seen a price fluctuation, with the highest recorded at $66.84 per barrel on the current date and a low of $63.76 per barrel on 22/01/2026.

Recent dynamics affecting crude oil prices include concerns tied to supply disruptions due to severe weather in the U.S. and geopolitical tensions in the Middle East. A winter storm recently impacted U.S. production by approximately 2 million barrels per day, causing significant operational strain on the energy infrastructure.

Analysts are noting that while the disruptions are currently supporting oil prices, the anticipated supply surplus later this year may exert selling pressure once these concerns ease. The ongoing recovery of Kazakhstan's Tengiz oilfield after a fire also plays a pivotal role in shaping market expectations.

Meanwhile, OPEC+ is likely to maintain its current output strategy, with no increases expected in March. This cautious stance is seen as a response to ongoing market volatility and inventory adjustments that have shifted slightly in favor of increased stocks.

As the international outlook shifts, investors are closely monitoring inflation signals and the U.S.

Federal Reserve's potential interest rate decisions. These economic indicators will further influence global oil price trajectories in the following weeks.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of 27-January-2026, crude oil price today stands at $64.33 per barrel, equivalent to approximately ₹5,910.56 based on a dollar to INR rate of 92. This reflects a slight decrease from yesterday's price of $65.05. In the past ten days, the highest price recorded was on 23/01/2026 at $65.99, while the lowest was on 22/01/2026 at $63.76.

The recent drop in prices can be attributed to a massive winter storm impacting crude production and refinery operations primarily in the U.S. Gulf Coast. Analysts estimate that up to 2 million barrels per day were lost, roughly 15% of national production, which raises concerns about future fuel supply disruptions.

Geopolitical tensions have also played a role, with U.S. military assets being deployed in the Middle East amid ongoing concerns regarding Iran. These developments have introduced additional risks to global oil supply stability, influencing traders' sentiments in the crude oil markets.

In terms of OPEC+ decisions, recent reports suggest that several members are expected to maintain their pause on output increases in March. This could potentially lead to tighter supply conditions, especially following decreased oil production from Kazakhstan.

Looking ahead, the global oil price may experience more fluctuations, driven by anticipated interest rate changes and inflation expectations.

Markets are reacting to evolving economic indicators, which suggest potential adjustments in fiscal policies that could impact demand for crude oil.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $65.11 per barrel, which translates to approximately ₹5,992.12 in Indian Rupees, reflecting an increase from yesterday's price of $65.07. Over the past ten days, the highest recorded price was $66.22 on 14/01/2026, while the lowest was $63.76 on 22/01/2026, showcasing some volatility in global oil prices.

Recent trends indicate the oil market is responding to geopolitical tensions, particularly between the U.S. and Iran. Investors are on high alert as U.S. military assets prepare to deploy to the Middle East, contributing a risk premium to crude oil prices. This heightened uncertainty has led to increased market anxiety.

Furthermore, the situation complicated by Kazakhstan's Caspian Pipeline returning to full capacity, achieving stability amidst regional concerns. The fluctuations in U.S. crude and natural gas production, affected by winter weather events, have further moderated supply levels, thereby impacting oil futures.

The outlook for crude oil over the coming weeks hinges on several factors: the potential for interest rate adjustments in response to inflation, ongoing supply chain stability, and geopolitical developments. The decision-making by OPEC+ in response to these challenges will also play a crucial role in shaping the overall market sentiment.

As we analyze the future of crude oil prices, the focus will be on inflation forecasts and any shifts in production strategies, which may significantly alter the dynamics of global oil prices.

These factors could lead to probable increases or decreases based on fluctuating supply and demand patterns.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today stands at $64.55 per barrel, an increase from $63.76 yesterday. This translates to approximately ₹5,871.05 per barrel, based on the current exchange rate of 91 INR to the dollar. The recent trend shows the highest price in the past 10 days was $66.22 on 14/01/2026, while the lowest was $63.63 on 15/01/2026.

Oil prices have shown a slight upward movement recently, influenced by global economic factors. The reduction in the risk of a U.S.-Europe trade war, following the U.S. president's decision to step back from potential tariffs, is a supporting factor for oil demand. Analysts suggest this decreases the downside risks for economic growth and, consequently, for oil consumption.

Additionally, OPEC+ supplier Kazakhstan has halted production due to power issues, further contributing to price resilience. U.S. stocks of crude and gasoline increased significantly last week, although distillate inventories did see a minor decline, indicating varying consumption patterns across oil products.

Market analysts expect that oil prices are likely to hold around $60 per barrel amidst ongoing geopolitical tensions with Iran and the global focus on oil supply dynamics. The current supply scenario is characterized by high crude oil inventories, keeping a lid on major price increases.

The GDP outlook remains critical in determining future crude oil price trends.

Should the global economy stabilize, the demand for crude oil may rise, supporting higher pricing levels. Meanwhile, ongoing market volatility will continue to influence traders' sentiment in the oil futures markets.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The global crude oil price today stands at $65.33 per barrel, equating to approximately ₹6,007.06 when converted at the current dollar rate of 92. This reflects a rise from yesterday's closing at $65.00 per barrel. Over the past ten days, the highest price reached was $66.22 on 14/01/2026, while the lowest was $63.11 on 19/01/2026.

Several factors are currently influencing crude oil prices. The recent easing of tensions surrounding U.S. trade policy, particularly with the avoidance of tariffs related to Greenland, is positively impacting market sentiment. This development alleviates fears of a trade war between the U.S. and Europe, potentially stabilizing oil demand.

Additionally, recent OPEC+ production cuts have contributed to the upward pressure on prices. Kazakhstan's shutdown of oil fields due to power issues has led to supply constraints, creating an environment where demand may outstrip supply in the near term.

Despite these bullish factors, the increase in U.S. crude and gasoline inventories continues to pose a challenge. According to recent American Petroleum Institute data, crude stocks rose by 3.04 million barrels, while gasoline inventories climbed higher. This trend may limit the upside for oil prices in an already oversupplied market.

The broader economic landscape also plays a significant role. Analysts view the U.S.

GDP forecast and the Reserve Bank of India's outlook on growth as key indicators. Any further predictions of inflation via interest rate hikes could impact oil prices indirectly through changing consumption behaviors.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is at $64.14 per barrel, equivalent to ₹5,834.74, showing a slight decrease from yesterday's price of $64.84. Over the past ten days, the crude oil price has fluctuated between a high of $66.22 on 14/01/2026 and a low of $63.34 on 10/01/2026.

Factors influencing the crude oil price include the stable outlook of global economic growth, particularly in India, which has a robust demand for energy. The Indian Oil Corporation (IOCL) remains optimistic, noting high refining capacities and an openness to processing Venezuelan crude should geopolitical circumstances favor such imports.

Despite the turbulence surrounding Venezuela's political situation, the overarching sentiment in the market remains balanced. The current price range offers comfort to both producers and consumers, with oil trading consistently around the $60-$65 mark, a zone viewed as conducive for economic stability.

Analysts affirm that India's strong economic performance contributes positively to the oil market landscape. To support this growth, the government has committed to continually enhancing energy policies that align with market demands, which has encouraged investments in alternative energy sources.

Looking forward, expectations for crude oil prices include potential adjustments based on international developments, interest rate changes, and inflationary pressures which may influence economic stability and growth projections.

Given that India imports a substantial portion of its crude oil, the economy's reliance poses risks tied to fluctuations in global oil prices.

Oil is traded globally in U.S. dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

As of 20-January-2026, the crude oil price today stands at $64.09 per barrel, equivalent to ₹5,834.19 with yesterday's price being $64.11. Notably, this pricing reflects a slight decrease compared to prior levels. The highest price over the last ten days reached $66.22 on 14/01/2026, whereas the lowest was $61.45 on 08/01/2026.

The recent uptick in oil prices follows encouraging economic growth in China, which bolsters demand sentiment. With a reported GDP growth of 5.0% last year, China's robust performance has provided support for global oil prices. The rise in China's refinery throughput of 4.1% year-on-year also indicates sustained demand for crude oil.

However, this optimism contrasts with rising geopolitical tensions and impending tariffs from the U.S., which might cloud the outlook. President Trump's threats of new tariffs on European goods could potentially lead to a trade war, raising concerns over demand fluctuations in the global oil market.

Moreover, a weaker dollar—down 0.3% against its peers—has made crude oil more affordable for non-dollar holders. This is particularly significant given that oil prices are traded in U.S. dollars, highlighting the inverse relationship between the dollar’s strength and oil pricing.

Market participants are also monitoring developments in Venezuela's oil sector as U.S. policies continue to evolve. Recent reports suggest that Venezuelan oil is being sold to China at discounts, further complicating the global oil dynamics ahead of upcoming EU sanctions on Russian oil.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.

The crude oil price today is $64.26 per barrel, which translates to approximately ₹5,842.76 considering the dollar to INR rate of 91. This price reflects a slight increase compared to yesterday's price of $64.13 per barrel. In the last ten days, the highest price recorded was $66.22 per barrel on 14/01/2026, while the lowest was $59.89 per barrel on 07/01/2026.

The stability in crude oil prices can be attributed to various global factors, including some geopolitical tensions and steady demand forecasts. Market analysts suggest that OPEC+ production decisions are crucial to maintaining price levels as countries balance output to manage inflation and consumer demand.

Current projections indicate cautious optimism for the global economy. Factors contributing to this sentiment include expected interest rate stability due to cautious central bank policies. A stable interest rate environment may support economic growth, which is crucial for sustaining crude oil consumption.

Furthermore, the Reserve Bank of India (RBI) is expected to maintain accommodative monetary policies, reflecting an intention to nurture a delicate economic recovery. Such policies play a significant role in balancing inflation expectations, allowing flexibility in pricing for essential commodities such as crude oil.

As geopolitical events unfold, crude oil prices may experience short-term fluctuations. However, the overall trajectory seems stable as the market anticipates continued dialogues in OPEC+ and other economic integration efforts worldwide.

Oil is traded globally in U.S.

dollars. When the dollar strengthens, oil becomes cheaper for importers but yields lower revenue for exporters. A weak dollar has the opposite effect. This exchange rate dynamic significantly affects global oil pricing, influenced by trade policy, market volatility, and geopolitical events.