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 concluded the trading session with an increase of 2.11%, reaching Rs 8,825, as market participants evaluated the initiatives aimed at reinstating interrupted supplies from the Middle East, all while grappling with ongoing geopolitical uncertainties. Saudi Arabia is poised to resume exports via its essential East-West pipeline, which may circumvent the Strait of 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 settled marginally higher by 0.25% at Rs 7,984, as uncertainty surrounding US-Iran diplomatic talks continued to bolster prices. However, the shift in US policy toward economic pressure, rather than military action, has led to a reduction in the geopolitical risk premium. Negotiations between the US and Iran exhibit no immediate prospects for renewal, 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 settled sharply lower by 3.66% at Rs 7,837, as intensified U.S. economic pressure on Iran and its trading partners heightened uncertainty regarding the timing of a potential resolution to the conflict and the reopening of the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent announced sanctions aimed at countries that persist in conducting 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 concluded the trading session with a 2.45% increase, reaching Rs 8,063, as market participants evaluated the intensifying geopolitical tensions related to the US-Iran conflict and the potential for supply interruptions. Renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz have intensified concerns regarding transportation and regional supply security. Meanwhile, 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 concluded the trading session down by 0.95% at Rs 8,037, as diplomatic discussions between Oman and Iran concerning the Strait of Hormuz alleviated immediate worries about supply disruptions, even amidst the persistent geopolitical tensions between the United States and Iran. Profit booking also emerged following recent gains, although the downside remained constrained 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 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
