Crude oil prices experienced a notable increase of 4.16%, concluding at Rs 9,485, a movement attributed to enduring geopolitical tensions and supply disruptions associated with the ongoing conflict in Iran. The ongoing closure of the Strait of Hormuz, an essential conduit for global oil transportation, has markedly restricted exports from the Middle East, thereby intensifying Read More
Crude oil prices experienced a notable decrease of 3.9%, closing at Rs 8817, influenced by a growing optimism regarding potential diplomatic advancements between the U.S. and Iran, which impacted market dynamics. Despite the prevailing optimism, fundamental tensions remain, as the U.S. upholds a naval blockade on Iranian ports and continues to impose restrictions on crude 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
Crude oil experienced a significant increase, closing 6.97% higher at Rs 8,308, propelled by a renewed escalation in tensions between the U.S. and Iran. The circumstances deteriorated following assaults on commercial vessels in the Strait of Hormuz, as both parties engaged in targeting ships, thereby significantly impeding traffic along this vital corridor. The recent U.S. 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 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
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 surged by 2.89% to close at Rs 9,258, propelled by increasing geopolitical tensions and heightened worries regarding potential supply disruptions in the Middle East. The declaration of force majeure by Iraq concerning oilfields managed by foreign companies, coupled with the escalation of U.S. military presence in the area, has intensified concerns regarding Read More
Crude oil prices experienced a significant increase in the prior session, closing 5.08% higher at Rs 8,788, driven by heightened supply concerns stemming from disruptions in the Strait of Hormuz, an essential global oil transit route. Restrictions on tanker traffic have compelled several significant Middle Eastern producers, such as Saudi Arabia, the United Arab Emirates, 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 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 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 experienced an upward movement, concluding with a rise of 1.49% at Rs 5,709, bolstered by short covering and enhanced demand expectations. Sentiment improved following comments from Russia’s Deputy Prime Minister Alexander Novak, who suggested that global demand is anticipated to increase gradually in March and April, thereby bolstering optimism regarding near-term consumption. 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 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
