Crude oil concluded the trading session with a 0.78% increase, reaching Rs 8,151, as concerns regarding shipping routes through the Strait of Hormuz and persistent supply disruptions provided upward momentum for prices. Shipping through the strategic waterway experienced a slowdown as the majority of shipowners opted to bypass the route, influenced by contradictory statements from Read More
Crude oil prices concluded the trading session down by 0.95% at Rs 8,037, as diplomatic discussions between Oman and Iran concerning the Strait of Hormuz alleviated immediate worries about supply disruptions, even amidst the persistent geopolitical tensions between the United States and Iran. Profit booking also emerged following recent gains, although the downside remained constrained Read More
Crude Oil prices experienced a decline of 1.39%, settling at Rs 6,525, as diminishing geopolitical concerns overshadowed the positive inventory data. Market sentiment improved following constructive discussions between the US and Iran in Qatar, which raised hopes for a reduction in tensions surrounding the Strait of Hormuz, a crucial global oil shipping route. Tanker movements Read More
Crude oil prices experienced a significant decline of 4.24%, settling at Rs 6,669. This movement reflects increasing indications of enhanced global supply conditions alongside a reduction in geopolitical risks. Market sentiment showed signs of deterioration as an increasing number of oil tankers readied for transit through the Strait of Hormuz, alleviating fears regarding potential supply Read More
Crude oil prices experienced a significant decline of 3.84%, settling at Rs 6,983, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions. Market sentiment improved following reports of advancements in negotiations between the United States and Iran. Iranian Foreign Minister Abbas Araghchi noted that discussions conducted in Switzerland Read More
Crude oil prices experienced a significant decline of 5.82%, settling at Rs 7,175, as market participants responded to the enhanced outlook for the restoration of oil supplies via the Strait of Hormuz, alongside ongoing uncertainty regarding the preliminary agreement intended to resolve the U.S.-Iran conflict. Investor sentiment deteriorated following U.S. President Donald Trump’s announcement of Read More
Crude oil prices experienced a significant decline of 4.31%, settling at Rs 8,842. This drop can be attributed to the easing of geopolitical tensions, which alleviated concerns over supply disruptions and prompted widespread profit-taking activities. Market sentiment improved following a ceasefire agreement between Israel and Lebanon, which has raised expectations for a broader diplomatic resolution Read More
Crude oil prices surged by 5.49% to settle at Rs 8,736, marking a robust recovery primarily influenced by rising geopolitical tensions in the Middle East. Market sentiment shifted markedly towards optimism following reports that Iran halted communications and message exchanges with the United States as a reaction to Israel’s escalating military actions in Lebanon. The Read More
Crude oil prices experienced a decline of 1.86%, closing at Rs 9,168, as renewed optimism regarding diplomatic negotiations between the United States and Iran alleviated immediate concerns over supply disruptions. Market sentiment improved following remarks from US Secretary of State Marco Rubio, who indicated that there had been slight progress in mediated talks with Iran. Read More
Crude oil prices experienced an increase of 2.47%, closing at Rs 9924, as ongoing uncertainty regarding U.S.-Iran negotiations continued to raise concerns about potential disruptions in the Strait of Hormuz, a vital global energy shipping corridor. Market sentiment shifted to a bullish stance as optimism surrounding a swift agreement diminished, heightening concerns that restrictions on Read More
Crude oil prices experienced a notable decline of 3.57%, settling at Rs 9,698. This movement reflects the market’s attempt to reconcile rising geopolitical risks with the potential that the current tensions are merely components of ongoing negotiations. Renewed clashes between the United States and Iran in the Strait of Hormuz, including attacks on vessels and Read More
Crude oil declined by 2.05% to settle at Rs 9,665, influenced by a reduction in geopolitical risk sentiment as optimism surrounding a potential U.S.–Iran ceasefire increased. Market participants responded to signs of renewed diplomatic engagement, which may ultimately lead to the stabilization of supply disruptions. Nonetheless, fundamental apprehensions regarding a wider energy crisis remain, as Read More
Crude oil prices experienced a significant correction, declining by 7.37% to close at Rs 8,571, as the alleviation of geopolitical tensions exerted downward pressure on the market. Reports indicating that the U.S. and Iran are amenable to additional discussions regarding a more extended ceasefire have contributed to a reduction in the risk premium, despite prior Read More
Crude oil experienced a modest increase of 0.81%, closing at Rs 8,933, as renewed Israeli strikes on Lebanon raised new concerns regarding the tenuous ceasefire in the Middle East. Market sentiment continued to exhibit tension, as the Strait of Hormuz remains predominantly restricted, accompanied by reports indicating disruptions in tanker traffic. Given that the strait Read More
Crude oil prices experienced an increase of 0.77%, concluding at Rs 10,669. This rise was bolstered by intensifying geopolitical tensions, particularly as U.S. President Donald Trump established a deadline for Iran to reopen the Strait of Hormuz, warning of possible military actions should they fail to comply. Supply concerns have escalated as interruptions in Middle Read More
Crude oil prices declined by 2.43%, closing at Rs 9,567, as increasing optimism regarding a possible de-escalation in the Middle East impacted market sentiment. Reports indicate that Donald Trump might contemplate terminating U.S. military operations, even in the event that the Strait of Hormuz remains obstructed, with the intention of circumventing an extended conflict. Simultaneously, Read More
Oil prices experienced a decline following the announcement by US President Donald Trump regarding the extension of the deadline for action against Iran’s energy sector. This development has offered temporary relief to financial markets, yet it simultaneously prolongs the uncertainty surrounding the potential evolution of the conflict into April. Brent crude experienced a decline of Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 1.43% at Rs 8998, driven by escalating geopolitical tensions in the Middle East. Recent threats from Iran’s Revolutionary Guards aimed at energy infrastructure in Saudi Arabia, the UAE, and Qatar have heightened apprehensions regarding potential supply disruptions. The uncertainty is compounded by attacks Read More
Crude oil prices experienced a significant increase in the prior session, closing 9.24% higher at Rs 8,107, driven by escalating supply concerns linked to the ongoing conflict involving the United States, Israel, and Iran. The conflict has interrupted supply chains originating from the Gulf region, constraining the global oil market and bolstering prices. The U.S. Read More
