Crude oil prices concluded the trading session with an increase of 0.94% at Rs 5,569, reflecting market responses to a confluence of supply-side disruptions, optimistic demand forecasts, and geopolitical uncertainties. Prices stabilized following a brief halt in operations at two significant oil fields in Kazakhstan, which has heightened immediate supply apprehensions. Sentiment was further shaped Read More
Crude oil prices experienced a slight decline yesterday, with the benchmark closing down 0.5% at Rs 5,422. This movement can be attributed to the recent easing of civil unrest in Iran, which has diminished the likelihood of a U.S. military response that might have threatened the stability of Middle Eastern supply chains. Decreased geopolitical risk 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 experienced a slight decline, closing down 0.32% at Rs 5,335, as the anticipation of a revival in Venezuelan oil exports overshadowed the premiums associated with geopolitical risks. Market participants concentrated on signals suggesting that Venezuela might soon make available up to 50 million barrels of previously sanctioned crude, thereby contributing to short-term 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 decline of 1.3%, settling at Rs 5,155, as the anticipation of a sustained global supply surplus overshadowed geopolitical risks present in various OPEC+ producing countries. As supply disruptions in Venezuela escalated due to a partial US blockade resulting in well shut-ins, the overall market continued to face pressure from increasing 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
