Crude oil settled down 0.88% at Rs 8,552 as the market responded to the International Energy Agency’s initiatives to expedite the release of oil stocks and focus on diesel supplies. This comes in the context of record-high fuel prices and a constricting global supply situation exacerbated by the Iran war. Geopolitical risks have persisted at Read More
Crude oil concluded the trading session with a decline of 2.77%, settling at Rs 8,669, as indications of rising global supply overshadowed ongoing geopolitical uncertainties in the Middle East. The G7 nations have reached a consensus to release 100 million barrels of crude and diesel from their emergency reserves, all while continuing to uphold energy Read More
Crude oil concluded the trading session with a 0.71% increase, reaching Rs 8,911, following US President Donald Trump’s dismissal of Iran’s recent proposal aimed at resolving the conflict and reopening the Strait of Hormuz, thereby maintaining heightened geopolitical supply risks. Crude exports from major Middle East producers increased to 12.8 million barrels per day in Read More
Crude oil prices experienced a decline of 4.2%, closing at Rs 8,836. This movement reflects investor sentiment leaning toward the potential for enhanced shipment prospects from Saudi Arabia, even in the face of persistent attacks by Yemeni Houthis and the prevailing uncertainty related to the US-Iran standoff. President Donald Trump suggested a potential willingness to Read More
Crude oil settled 0.62% lower at Rs 9,758, reflecting a reduction in concerns regarding supply disruptions following Saudi Arabia’s indication that it could restore approximately half of the damaged East-West pipeline capacity within days and achieve full operations within six weeks. Saudi Aramco is endeavouring to circumvent impaired segments and restore partial flows, while Riyadh Read More
Crude oil prices concluded the trading session with an increase of 1.99%, reaching Rs 9,717. This uptick was bolstered by apprehensions regarding potential disruptions to energy supplies from the Persian Gulf, particularly in light of a drone attack on a vital Saudi Arabian pipeline. Saudi Arabia’s Energy Ministry announced the closure of the pipeline as Read More
Crude oil concluded the trading session with a gain of 0.49%, reaching Rs 8643, as renewed military actions by the US against Iran and new threats from Israel toward Tehran heightened apprehensions regarding possible disruptions to oil supplies from the Middle East. On Wednesday, six commodity vessels navigated the Strait of Hormuz, a decline from Read More
Crude oil concluded the trading session with a notable increase of 4.75%, reaching Rs 8,536. This surge was driven by heightened tensions stemming from renewed military exchanges between the U.S. and Iran, which have amplified worries regarding potential disruptions to energy supplies and shipping routes through the Strait of Hormuz. Rising geopolitical tensions have heightened Read More
Crude oil concluded the trading session with an increase of 0.85%, reaching Rs 7,964, as market participants observed the diplomatic negotiations between Iran and Oman regarding the Strait of Hormuz while evaluating the mixed signals from US inventory data. Technical discussions between Iran and Oman are anticipated to persist regarding the establishment of a permanent Read More
Crude oil concluded the trading session with a 0.66% increase, reaching Rs.8,359. This uptick was bolstered by escalating worries regarding potential disruptions to oil supplies from the Middle East, following the United States’ warning of its most stringent sanctions yet on Iran, which has heightened apprehensions about extended limitations on crude flows in the region. Read More
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 settled 0.99% higher at Rs 8,143 as the likelihood of a renewed agreement between the United States and Iran diminished following President Donald Trump’s indication of disinterest in extending the interim peace arrangement, which officially expired on Monday. The development heightened uncertainty regarding future oil flows, especially through the strategically significant Strait of Read More
Crude oil settled 0.15% lower at Rs 7,928, influenced by downward revisions to global oil demand forecasts for 2026, a significant increase in U.S. crude inventories, and ongoing uncertainty regarding efforts to resolve the Iran conflict. Ongoing attacks on shipping in the Middle East have introduced additional geopolitical risk; however, this impact has been mitigated Read More
Crude oil prices concluded the trading session with a 5.11% increase, reaching Rs 7,803. This uptick was bolstered by a prevailing optimism regarding diplomatic initiatives that may lead to the reopening of the Strait of Hormuz. However, the extent of these gains was tempered by Iran’s stipulations for compensation, the removal of restrictions on its Read More
Crude oil prices increased by 0.95%, closing at Rs 8,113, as renewed geopolitical tensions in the Middle East intensified worries regarding global supply security. Market sentiment improved following reports that Iran’s Revolutionary Guards halted two tankers from passing through the Strait of Hormuz, leading several other vessels to change their routes. This development prompted traders Read More
Crude oil prices experienced a decline of 4.45%, settling at Rs 7,603, attributed to the easing of geopolitical tensions in the Middle East, which alleviated concerns regarding potential supply disruptions. Sentiment diminished following U.S. President Donald Trump’s remarks indicating that Washington was involved in constructive discussions with Iran, which had initially raised expectations for a Read More
Crude oil prices experienced a significant decline of 4.65%, settling at Rs 8,604, as traders engaged in profit-taking following the recent rally influenced by geopolitical tensions. Despite the correction, the market exhibited significant volatility as the ongoing conflict involving the U.S., Israel, and Iran persisted, posing a threat to global energy supplies. The U.S. executed Read More
Crude oil prices concluded the trading session with an increase of 0.49%, reaching Rs 7,949. This rise was underpinned by intensifying geopolitical tensions in the Middle East, which have maintained a notable risk premium within energy markets. Prices exhibited significant volatility following U.S. President Donald Trump’s assertion that Iran would be accountable for the fatalities Read More
Crude oil prices concluded the trading session with a slight increase, rising by 0.01% to reach Rs 7,614. This uptick was driven by escalating geopolitical tensions in the Middle East, which counterbalanced worries regarding the growing global supply. Market sentiment remained buoyed following reports that Iran has encouraged Yemen’s Houthis to brace for possible disruptions Read More
Crude oil prices experienced a notable increase of 8.01%, concluding at Rs 7,360, driven by rising geopolitical tensions in the Middle East that intensified apprehensions regarding global energy supplies. Iran has intensified missile strikes on Gulf nations in response to renewed U.S. military actions, heightening concerns over potential disruptions to oil shipments via the Strait Read More
