Crude oil prices concluded the trading session with an increase of 0.94% at Rs 5,569, reflecting market responses to a confluence of supply-side disruptions, optimistic demand forecasts, and geopolitical uncertainties. Prices stabilized following a brief halt in operations at two significant oil fields in Kazakhstan, which has heightened immediate supply apprehensions. Sentiment was further shaped Read More
Crude oil prices experienced a decline in the previous session, closing down by 1.14% at Rs 5,210, as investors took profits while evaluating the wider ramifications of the US military operation in Venezuela, in conjunction with other persistent geopolitical risks. Market sentiment exhibited a cautious demeanor following OPEC+’s decision to maintain its output policy, sidestepping Read More
Crude oil prices experienced a slight decline, closing lower by 0.42% at Rs 5,213, as the impact of a modest increase in US inventories overshadowed existing geopolitical risk premiums. The downside, however, remained constrained in light of diminishing expectations for a Russia–Ukraine ceasefire and ongoing geopolitical tensions in the Middle East and South America. Supply Read More
