Oil prices crash after weeks of surge: A US-Iran ceasefire and reopening of the Strait of Hormuz have triggered a sharp market reversal, with crude plunging over 15%. Is this relief here to stay or just temporary?

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Oil prices fall below $100 as Iran-US ceasefire kicks in after last minute Strait of Hormuz deal

Oil prices surged as US President Donald Trump’s Iran threat and Strait of Hormuz tensions rattled markets, with Tehran warning of harsher retaliation amid escalating conflict.

US crude oil price jumps to $115 per barrel after Trump’s profane threat to Iran – Details here

Joint Secretary in the Ministry of Petroleum and Natural Gas, Sujata Sharma, reassured that fuel supplies remain stable, stating that refineries are running at full capacity and there have been no reports of shortages at retail outlets.

India has enough crude oil supply for 2 months, says govt amid West Asia crisis

On Monday, Oil in the United States was trading below zero. Why have the global oil prices collapsed? What does it mean for your pocket?

Wuhan Coronavirus impact: Oil in the US trades in the negative | Gravitas

The low prices of crude oil may benefit India in long term but may not boost the Indian economy in the short run. India imports around 80% of its crude. Low crude price may boost consumer spending and government's income from excise.

Fineprint: Low crude price may benefit India in long term, but may not boost economy in short run

GDP of oil industries dependent countries worst hit by crude oil price drop. Kuwait to face development setback amid COVID-19 pandemic crisis.

GDP of oil industries dependent countries worst hit by crude oil price drop

WION in an exclusive conversation spoke to independent strategist Andrew KP Leung from Hong Kong on major fall in the oil prices. Watch report.

WION exclusive with Independent strategist Andrew KP Leung on oil markets crash

Now the oil markets are bouncing back today after a huge fall below 0 on April 20. However, we are witnessing historic close in general due to the poor demand. Watch report.

Carnage in crude oil markets: US oil prices rebound, back above zero

Indian govt may not reduce fuel prices as demand is low despite low crude oil prices. The prices of fuel have not changed in last 36 days. It's because the govt 'starves' for the revenue due to nationwide lockdown.

Indian govt may not reduce fuel prices as demand is low despite low crude oil prices

The Crude oil price in US falls to level not seen since year 1999. The May contract of American West Texas Intermediate (WTI) futures fell more than 31% to $12.43 a barrel on Monday. Its lowest level since 4 March 1999.

Crude oil price in US falls to level not seen since year 1999, WTI crude price below $15 for a barrel