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 experienced a significant rebound, closing 3.77% higher at Rs 7,377 due to value buying as markets reevaluated the geopolitical situation in the Strait of Hormuz. Iran has declared a temporary shipping agreement with Oman; however, officials have specified that this does not signify a complete reopening of the strategic waterway. Concurrently, optimism Read More
Crude oil prices experienced a significant decline of 5.64%, settling at Rs 7,214, as the alleviation of geopolitical tensions diminished concerns regarding potential supply disruptions from the Middle East. Market sentiment improved following Qatar’s confirmation that a draft proposal to restart U.S.-Iran negotiations was being circulated. U.S. President Donald Trump characterised the proposal as Tehran’s 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 experienced a notable increase of 3.19%, concluding at Rs 8,410. This surge was propelled by rising geopolitical tensions in the Middle East, which heightened apprehensions regarding possible interruptions to global oil supplies. Ongoing military operations by the United States against Iran, coupled with escalating threats to maritime shipping in the Red Sea 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
Crude oil prices experienced a decrease of 0.26%, concluding at Rs 6,551. This decline occurred as market pressures mounted following OPEC+’s decision to increase production targets starting in August, alongside a recovery in exports through the Strait of Hormuz, which alleviated concerns regarding supply disruptions. The producer group sanctioned an extra output increase of 188,000 Read More
Crude Oil prices experienced a decline of 1.39%, settling at Rs 6,525, as diminishing geopolitical concerns overshadowed the positive inventory data. Market sentiment improved following constructive discussions between the US and Iran in Qatar, which raised hopes for a reduction in tensions surrounding the Strait of Hormuz, a crucial global oil shipping route. Tanker movements Read More
Crude Oil prices increased by 2.30%, closing at Rs 6,728, as renewed military exchanges between the US and Iran underscored the tenuous nature of their interim peace agreement, thereby maintaining a heightened geopolitical risk premium. However, gains were capped after both countries agreed to resume negotiations over the Strait of Hormuz, raising hopes of preserving Read More
Crude oil prices experienced a decline of 1.45%, settling at Rs 7,054, which represents the lowest closing level since early March. This downturn in market sentiment can be attributed to reports of a breakthrough agreement between the United States and Iran, intended to resolve the extended conflict that has significantly impacted global energy supplies. The Read More
Crude oil prices experienced a significant decline of 5.82%, settling at Rs 7,175, as market participants responded to the enhanced outlook for the restoration of oil supplies via the Strait of Hormuz, alongside ongoing uncertainty regarding the preliminary agreement intended to resolve the U.S.-Iran conflict. Investor sentiment deteriorated following U.S. President Donald Trump’s announcement of Read More
Crude oil prices experienced a notable decline of 3.25%, settling at Rs 8,073. This drop can be attributed to the easing of geopolitical tensions, which has alleviated concerns regarding potential supply disruptions in the Middle East. Market sentiment showed signs of deterioration following the announcement from U.S. President Donald Trump regarding the cancellation of military Read More
Crude oil prices experienced a notable increase of 3.62%, concluding at Rs 8,726, driven by rising geopolitical tensions in the Middle East alongside constricting supply fundamentals. Market sentiment exhibited considerable sensitivity following the resurgence of military exchanges between the United States and Iran. U.S. President Donald Trump issued a warning regarding the possibility of further Read More
Crude oil prices increased by 1.08%, closing at Rs 8,707, as rising geopolitical tensions in the Middle East heightened worries regarding global energy supplies. Market sentiment shifted to a bullish stance following Israel’s renewed strikes on Lebanon, despite the presence of an existing truce. This development has dampened optimism regarding a potential de-escalation of the Read More
Crude oil prices experienced a significant decline of 4.31%, settling at Rs 8,842. This drop can be attributed to the easing of geopolitical tensions, which alleviated concerns over supply disruptions and prompted widespread profit-taking activities. Market sentiment improved following a ceasefire agreement between Israel and Lebanon, which has raised expectations for a broader diplomatic resolution Read More
