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
