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EnergyHigh impactPre-market

Russian oil prices drop as India, China reduce imports

pre-market1 source ↓written by the desknot a recommendation

crude fell
$36.61 per barrel
Brent widening
$23.51 per barrel
approaches
21 Nov deadline

Russian oil prices have sharply declined as refiners in India and China cut back on purchases ahead of a U.S. sanctions deadline. The price of Urals crude fell to $36.61 per barrel, with the discount to Brent widening to $23.51 per barrel. This marks the largest gap since March 2023, intensifying the selloff as the 21 Nov deadline approaches.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 18 Nov 2025, 07:10 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed +0.1% on the day of the news, from ₹1,518.30 to ₹1,519.40; Nifty −0.4% over the same session; futures OI +0.2%.

Bulletin at 07:10 IST on 18 Nov 2025. Every change is measured from ₹1,518.30, the last close before it, on 17 Nov. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it141315181624axis spans 15%before the news · 17 Nov1518Nifty 50RELIANCEbulletinD0+1+3+511 Nov21 Nov2 DecFutures open interest, lotspeak 2.3 LReference close ₹1,518.30. 16 sessions from 11 Nov to 2 Dec; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Nov₹1,518.30basebase
On the day18 Nov₹1,519.40▲ +0.1%▼ −0.4%+0.5 pp difference
+1 session19 Nov₹1,518.900.0%▲ +0.1%−0.1 pp difference
+3 sessions21 Nov₹1,546.60▲ +1.9%▲ +0.2%+1.6 pp difference
+5 sessions25 Nov₹1,539.70▲ +1.4%▼ −0.5%+1.9 pp difference
Gap at the open, % · ₹
▲ +0.2%+3.34 on 18 Nov
Day's range, % · ₹
1.1%≈ 17 high to low
Volume on the day
0.97×the 20-session average
Futures OI on the day
▲ +0.2%+470 lots · long build-up · price +0.1%
Futures OI open, lots
2.2 L18 Nov · 25 Nov expiry
Futures premium, ₹
+1.30+0.1% to spot
Puts per call, by OI
0.71from 0.70 the session before
Max pain
1,500from 1,500 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

Thread · RELIANCEAll RELIANCE bulletins →

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