Crude oil experienced a slight decline, closing down by 0.2% at Rs 6,045, as a reduction in geopolitical tensions countered otherwise favourable inventory data. Sentiment softened following the progression of U.S. and Iran toward a third round of nuclear discussions in Geneva, alleviating immediate concerns regarding supply disruption. Simultaneously, new uncertainty surfaced regarding trade as Read More
Crude oil experienced a notable increase of 2.45%, closing at Rs 6,058, primarily influenced by rising geopolitical tensions. Concerns heightened following the deployment of U.S. warships in proximity to Iran, as Washington indicated a potential reassessment of its diplomatic strategy regarding Tehran. Simultaneously, negotiations aimed at resolving the conflict between Ukraine and Russia concluded without Read More
Crude oil concluded the trading session with a 1.66% increase, reaching Rs 5,896, bolstered by escalating geopolitical tensions and indications of robust demand. The market responded to reports indicating that the U.S. might adopt a more stringent approach toward Iran, which could involve intercepting tankers should nuclear negotiations collapse. Although preliminary discussions seemed promising, market Read More
