Oil Prices 9 March 2026

Sensex Rally Hits A Pause After 940-Point Surge As Oil Falls Below $100 On U.S.-Iran Deal Hopes
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Sensex Rally Hits A Pause After 940-Point Surge As Oil Falls Below $100 On U.S.-Iran Deal Hopes

Indian equities lost some ground Thursday, pulling back after Wednesday’s oil-fueled rally. Investors booked profits as they mulled the impact of a potential U.S.-Iran deal on energy costs. The Sensex ended 114 points lower at 77,844.52, down 0.15%, while the Nifty 50 edged down just 4.30 points to 24,326.65, a dip of 0.02%. This shift has real impact: India relies heavily on imported oil, so when Brent crude drops, it can take some heat off inflation, support the rupee, and help corporate margins. Brent slipped under $100 a barrel on Thursday. The rupee also gained ground as traders unwound rupee short positions and moved to sell dollars in the forwards market.
May 7, 2026
California Gas Prices Hit $5.20 as Iran War Sends Oil Toward $120
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California Gas Prices Hit $5.20 as Iran War Sends Oil Toward $120

On Monday, regular gas in California averaged $5.204 a gallon, according to AAA, as surging crude prices after the Iran war drove a bigger divide with the national average. For the U.S. overall, drivers paid $3.478 per gallon. Oil’s spike to nearly $119 a barrel on Monday — a level not seen since mid-2022 — has prompted Washington and G7 leaders to weigh emergency measures aimed at calming energy markets. Traders, according to IG’s Tony Sycamore, aren’t seeing a clear exit from the conflict. That keeps supply concerns front and center.
March 9, 2026