The price of crude oil in the international market has reached close to $ 78 per barrel. After almost a year, such a big rise was seen in the price of crude oil in a single day. US President Joe Biden has said in a statement that the US is currently considering whether to support a possible attack on Iran's oil facility or not. Its effect is being seen in crude-related stocks in the Indian stock market on Friday.

After this rise in crude oil, today the stock of government oil exploration company ONGC is seeing a positive effect. This stock is seeing a rise of 2% today. On the other hand, oil marketing companies - IOC, HPCL and BPCL are seeing weakness of 1-1.25 for the second day today. Actually, investors are worried that Israel can attack Iran's oil facility. If this happens, then the supply of crude oil is likely to be affected.

America's eye on the movement of crude oil
CNBC-TV18 has said in a report quoting government officials that the current global tension can also affect India. The government is keeping a close eye on the prices of crude oil. There is no need to worry about the current situation. The central government can use different tools to manage the fluctuations in crude oil. Earlier also India has been successful in dealing with the impact of expensive crude oil. What did America say? America, European Union and other allies have appealed to put an end to the current conflict. On Thursday, when the media asked the US President what his response was to Israel's response, he said that we are considering it. He said, "First of all, we do not give permission to Israel but advice... and nothing is going to happen today." Risk of supply disruption? The market fears that if Israel attacks Iran, the supply of crude oil may be disrupted. Business news agency Bloomberg said in a report that JPMorgan has been quoted as saying that the demand for crude oil will remain. But, the risk of supply disruption cannot be avoided. In such a situation, the question is whether the supply of crude oil will actually be disrupted? Israel's action continues Meanwhile, there are reports of some air strikes by Israel on Hezbollah's hideout in Beirut late Thursday night. News agency Reuters has given this information in one of its reports.