Oil prices fall sharply as higher US tariffs come into force
By Ankur Chandra | Updated at: Aug 11, 2025 06:00 PM IST
US equity markets ended the day in red on Friday, 11th August, 2025. This, after increased expectations that US Federal Reserve may go for an interest rate cut as early as in September. This, after data showed that US jobs market has weakened considerably.
Nasdaq ended the day on Friday, August 8th, 2025, up by 207.32 points or 0.98%. Dow Jones ended the day, up by 206.97 points or 0.47%. S&P 500 ended the day, up by 49.45 points or 0.78%.
Oil prices fall sharply
Oil prices fell sharply as the higher US tariffs came into force on August 7th. The higher tariffs have significantly increased the risk of a global economic recession.
At 8:40 a.m. IST, today, 11th August, Brent Crude for September delivery is trading at $66.27 per barrel. WTI crude is trading at $63.51 per barrel.
There is also the expectation that the talks between US President Donald Trump and Russian President Vladimir Putin on August 15th , in Alaska, may finally result in ceasefire between Ukraine and Russia.
European markets ended on Friday on a flat note
Euro Stoxx 50 ended the day on Friday, up by 15.67 points or 0.29%. Dax ended the day, on Friday, down by 29.64 points or 0.12%. FTSE 100 ended the day, down by 5.04 points or 0.055%.
Asian equity markets begin the day on a mixed note
Japanese equity markets are closed today due to Mountain Day Holiday. At 8:25 a.m. IST 11th August, 2025, Hang Seng is up by 42.12 points or 0.17%. Shanghai Composite is up by 11.80 points or 0.32%. Kospi index is down by 0.58 points or 0.018%.
Indian markets are more likely to see another day in red today. The uncertainty regarding Indo-US trade deal is likely to increase the selling pressure in Indian equity markets. The decline in oil prices may be a positive for stocks of oil & gas marketing companies like Indian Oil. It is a negative though for stocks of oil & gas exploration companies such as ONGC and Oil India. Any significant decline in oil prices may have a favorable impact in reducing inflation in India. This in turn may bring a much needed relief for the common people amidst all the prevailing uncertainty.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest. To get any error corrected, please write to content@hdfcsec.com.
Source: Dow Jones
