Brent Crude

Brent Crude Oil

Current

$87.96

Change

+4.60%

Signal

Bearish for India

Domain

Risk & Currency

Current Assessment

Rising Brent widens India's current account deficit, pressures the rupee, and feeds through to CPI within one to two months via fuel and transport costs — a headwind for RBI's inflation target and for consumption-linked sectors. Falling Brent is a broad tailwind for India, one of the few large economies that benefits meaningfully from cheaper oil.

Watch level: Above $90/bbl turns meaningfully negative for India's twin deficits.

About This Indicator

The global benchmark price for crude oil. India imports roughly 85% of its oil needs, so Brent is a direct input into the current account deficit, inflation, and the fiscal math of the Indian government.

Publisher

ICE Futures

Frequency

Real-time

Type

Leading

Sector Impact

Historical Data

DateValueChangeChange %
29 July 2026$87.96+$3.87+4.60%
28 July 2026$86.63-$1.73-1.96%
27 July 2026$89.05-$7.73-7.99%
24 July 2026$91.98-$8.71-8.65%
23 July 2026$93.34-$0.73-0.78%
22 July 2026$94.20+$3.19+3.51%