Crude oil prices experienced a notable decline, closing 3.9% lower at Rs 5,366, as the geopolitical risk premium diminished and supply-side issues reemerged. Sentiment diminished following U.S. President Donald Trump’s apparent retreat from previous threats of possible military action against Iran, alleviating concerns over immediate disruptions. In a further indication of a bearish sentiment, Venezuela Read More
Crude oil prices exhibited an upward trajectory, concluding with an increase of 2.42% at Rs 5,163, as market participants evaluated recent developments concerning Venezuela and the ongoing deliberations regarding potential U.S. sanctions on nations engaging in commerce with Russia. The recent release of softer U.S. labor data has bolstered market sentiment, thereby reinforcing expectations for 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
Crude oil prices exhibited an upward trend, concluding the session with a gain of 1.12% at Rs 5,240, as rising geopolitical tensions contributed to an increase in risk premiums, notwithstanding the mixed signals from inventory data. Unrest in the Middle East, characterized by Saudi air strikes in Yemen and Iran’s assertion of a “full-scale war” Read More
