Crude Oil Price Today (13 March): Crude oil prices dipped Friday morning after the U.S. issued a 30-day license for countries to purchase stranded Russian oil, easing immediate supply concerns. This follows a U.S. announcement to release 172 million barrels from its Strategic Petroleum Reserve as part of a coordinated effort with the IEA to stabilize global energy markets amid ongoing tensions in the region.
In the Nifty500 pack, eight stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on March 12, 2026, according to stockedge.com's technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Brent crude inched further above $100 a barrel and stocks fell in early Asian trade on Friday, after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz. The Strait of Hormuz, a crucial waterway for crude, remains effectively shut.
Restaurant and delivery platform stocks saw a dip on Thursday. A shortage of commercial LPG cylinders is disrupting operations. This is impacting kitchen functions in some areas. Large quick service restaurant chains may face limited effects. They often use electric equipment. Technical indicators suggest a pullback for some companies. Investors are watching key support levels.
Investors are flocking to income plus arbitrage fund of funds, a hybrid product offering safety and tax efficiency, as equity market returns falter. This category, which blends fixed income with equity arbitrage, has seen significant asset growth.
Mumbai's commercial insurance market is experiencing a significant premium drop as insurers slash rates to secure large corporate clients. Property and industrial cover prices have plummeted, with natural catastrophe covers seeing discounts of 60-75% and preferred risks up to 85-90%. This aggressive pricing strategy, described as a "bloodbath," raises concerns about the sector's viability amid potential adverse events.
The Reserve Bank of India wants details on overseas rupee derivative trades. Foreign banks operating in India are resisting this move. They cite difficulties in accessing offshore deal information and jurisdictional concerns. The RBI aims for better market visibility to manage rupee volatility. This proposal could impact how international financial institutions operate within India.
