Oil Price Today (April 8): Crude oil price crashes 15% as Trump agrees 2-week ceasefire with Iran. What are experts saying?

Lower crude oil prices are a significant tailwind for India's economy, reducing inflation and improving corporate margins. This development could provide a boost to consumer-facing sectors and those reliant on crude derivatives.

Look for buying opportunities in auto, aviation, and oil marketing companies, with a focus on companies with strong balance sheets to capitalize on reduced input costs.

For Indian markets, this story mainly matters for ONGC, OIL and the Oil & Gas, Automobiles, Aviation pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Lower crude oil prices directly impact the realization for crude oil producers. Lower crude oil prices directly impact the realization for crude oil producers. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Crude oil prices plummeted below $100 a barrel.
• •Brent crude fell to $94.43 and WTI to $96.82.
• •The drop followed President Trump's announcement of a two-week ceasefire with Iran.
• •The ceasefire is contingent on the safe reopening of the Strait of Hormuz.
• •Risk flag: Geopolitical tensions could re-escalate if the ceasefire terms are not met.