Crude oil prices experienced a decrease of 0.73%, concluding at Rs 8,537, as reports emerged indicating that the United States and Iran have reached a preliminary agreement to prolong their ceasefire and initiate discussions regarding Iran’s nuclear program. Reports indicate that the proposed 60-day memorandum of understanding encompasses assurances for unrestricted shipping through the Strait Read More
Crude oil prices experienced a notable increase of 4.5%, concluding at Rs 9,014. This rise is attributed to heightened geopolitical tensions stemming from U.S. military actions in Iran, which have amplified worries regarding possible interruptions to global oil supply routes via the Strait of Hormuz. Market sentiment exhibited significant volatility as optimism for a swift Read More
Crude oil prices concluded the session with a slight decline of 0.12% at Rs 9711, as market participants weighed the implications of tightening supply conditions against the backdrop of diminishing expectations for global demand. Market sentiment exhibited volatility following OPEC’s downward revision of its forecast for global oil demand growth in 2026. This adjustment aligns Read More
Crude oil yesterday settled sharply higher by 3.9% at Rs 9,376, driven by escalating geopolitical tensions in the Middle East that heightened concerns regarding potential disruptions to global supply. Market sentiment shifted to a bullish stance following US President Donald Trump’s characterization of Iran’s reaction to a US-supported peace proposal as “unacceptable,” thereby diminishing expectations Read More
Crude oil prices concluded the trading session with a slight decline of 0.45% at Rs 9024, as market participants continued to evaluate the geopolitical dynamics related to the ongoing US-Iran conflict. Sentiment exhibited a degree of stability following US President Donald Trump’s assertion that the ceasefire with Iran remained in effect, notwithstanding the resurgence of 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 notable increase of 3.39%, concluding at Rs 8,723, influenced by rising geopolitical tensions and new supply disruptions. Incidents of gunfire targeting several vessels in the Strait of Hormuz, coupled with the impasse in U.S.–Iran negotiations, have intensified apprehensions regarding the security of a crucial global oil transit corridor. Iran’s position Read More
The price of MCX Crude oil maintained its downward trend today, moving below the significant support line of Rs 8,500 for the second time in a row. Prices are having difficulty maintaining positions that are higher than the short-term moving averages, which is an indication that there is a lack of momentum in the market. 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 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
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
Crude oil prices experienced a notable increase in the prior session, closing 5.46% higher at Rs 7,316, driven by rising tensions in the Middle East that heightened fears of possible supply disruptions. The current conflict in the region has heightened investor concerns, especially with reported disruptions in shipping via the Strait of Hormuz, a vital Read More
Crude oil increased by 0.64% to close at Rs 6,092, as market participants closely monitored geopolitical developments related to U.S.–Iran nuclear negotiations. Indirect negotiations in Geneva ensued after a U.S. military buildup in the region, sustaining concerns regarding potential supply disruptions. Markets are incorporating a geopolitical risk premium of $8–$10 per barrel, primarily associated with Read More
Crude oil experienced a decline of 0.32%, concluding at Rs 5,989, following the U.S. Energy Information Administration’s report of the most significant weekly crude inventory increase in three years. U.S. crude inventories surged by 15.99 million barrels to reach 435.8 million in the week ending February 20, significantly surpassing projections of a slight increase. Inventories Read More
Crude oil experienced a modest increase of 0.65%, concluding at Rs 5,723. This uptick was bolstered by softer U.S. inflation data, which alleviated macroeconomic concerns and mitigated apprehensions regarding escalating supply levels. Sentiment continues to be influenced by geopolitical tensions, especially concerning U.S.-Iran relations, which may impact flows. Simultaneously, OPEC+ is said to be contemplating 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
Crude oil prices experienced a modest increase, closing up 0.79% at Rs 5,870, as market participants continued to evaluate the suitable geopolitical and supply-side risk premium. Sentiment was cautiously bolstered by remarks from U.S. President Donald Trump, who conveyed an optimistic outlook regarding negotiations with Iran aimed at limiting uranium enrichment. Nevertheless, tensions continue to Read More
Crude oil prices experienced downward pressure, concluding the session with a decline of 2.46% at Rs 5,746, as the easing of geopolitical risk premiums followed Tehran’s confirmation of upcoming discussions with Washington this week. The announcement alleviated concerns regarding potential supply disruptions in the short term, although ambiguity remains regarding the extent of the negotiations. Read More
Crude oil prices concluded the trading session with an increase of 1.7%, reaching Rs 5,802, bolstered by supply disruptions and a depreciated U.S. dollar. A significant winter storm caused a temporary disruption in U.S. crude production and halted exports from Gulf Coast ports, leading to a rebound in shipments and a tightening of near-term supply. Read More
Crude oil prices experienced a significant increase, closing with a gain of 3.49% at Rs 5,630. This surge was largely attributed to escalating geopolitical tensions following U.S. President Donald Trump’s renewed threats toward Iran, which heightened concerns regarding possible disruptions in supply. Further assistance was derived from disruptions in Kazakhstan, where operations at the significant Read More
