Oil Price Today (March 13): Crude oil drops below $100 despite Iran-Israel war entering 14th day. Here’s why
Analysis of this story by et_markets · 13 Mar 2026, 7:46 AM IST (about 2 months ago)
AI Analysis
Lower crude prices alleviate inflation fears and improve current account deficit for India. This provides a tailwind for sectors reliant on crude derivatives as raw materials and those with high fuel costs.
Trading Insight
Key Evidence
- •Crude oil prices dipped Friday morning, falling below $100.
- •The U.S. issued a 30-day license for countries to purchase stranded Russian oil, easing supply concerns.
- •The U.S. announced a release of 172 million barrels from its Strategic Petroleum Reserve.
- •These actions are part of a coordinated effort with the IEA to stabilize global energy markets.
- •Risk flag: Escalation of Iran-Israel conflict could quickly reverse crude price trends.
Affected Stocks
Lower crude oil prices improve refining margins and reduce inventory losses for OMCs.
Benefits from lower crude prices through improved refining margins and reduced working capital requirements.
As an oil marketing company, lower crude prices lead to better profitability and reduced under-recoveries.
Lower crude oil prices directly impact the realization for crude oil producers.
While lower crude benefits its refining and petrochemicals segment, it could negatively impact its exploration and production segment.
Sources and updates
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