July 9, 2026 | Market News
Indian equity markets are expected to remain volatile after global crude oil prices extended their rally for another session, adding fresh pressure on inflation-sensitive sectors and import-dependent industries.
Brent crude climbed to $78.94 per barrel, while WTI crude traded at $74.41 per barrel, taking weekly gains to nearly 10% amid continuing geopolitical tensions in the Middle East and concerns over global energy supplies.
The rise in oil prices comes just a day after the Nifty 50 plunged over 2%, closing at 23,895.45, while the Sensex lost more than 1,100 points as investors dumped financial, FMCG, oil & gas and private banking stocks.
Brent Crude Extends Rally; Energy Markets Stay Elevated
According to the latest commodity data:
- Brent Crude: $78.94 (+1.18%)
- WTI Crude: $74.41 (+1.21%)
- Brent has gained 9.93% in one week.
- WTI has advanced 8.36% over the same period.
Heating oil, gasoline and naphtha also continued to rise sharply, indicating broader strength across the global energy complex.
