Crude oil yesterday settled down by -1.18% at 8459 as hopes of a diplomatic breakthrough in the Middle East eased concerns over supply disruptions, following US President Donald Trump discussing de-escalation efforts with Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Tehran reportedly reviewing proposals concerning its nuclear program. While a potential resolution could facilitate Read More
Crude oil prices decreased by Rs 16, settling at Rs 8,168 per barrel in the futures market on Thursday, as investors engaged in profit-taking activities. On the Multi Commodity Exchange, crude oil futures for November delivery decreased by Rs 16, or 0.20 percent, settling at Rs 8,168 per barrel, with a business turnover of 9,067 Read More
Crude oil concluded with a 2.34% increase at Rs. 8,560, buoyed by a resurgence of geopolitical uncertainty as investors evaluated the possible ramifications of US midterm election outcomes on the trajectory of the US-Israeli conflict with Iran. Significant Republican setbacks have heightened anticipations that the Trump administration may encounter political pressure to seek diplomatic resolutions Read More
Crude Oil settled 0.91% lower at Rs. 9,709 as hopes of renewed diplomatic engagement between the US and Iran alleviated concerns regarding potential supply disruptions in the Middle East. US Vise President JD Vance reportedly sought to revive peace negotiations with Tehran, while Iran indicated its willingness to continue diplomatic efforts, raising hopes of a Read More
Crude Oil settled lower by 2.31% at Rs 9,498, influenced by renewed diplomatic efforts aimed at resolving the US-Iran conflict, which have heightened expectations for a reduction in geopolitical tensions and an enhancement of energy supply conditions. Iran’s Supreme Leader Mojtaba Khamenei has urged for a resolution to the ongoing state of neither war nor Read More
Crude Oil settled 3.33% higher at Rs. 9,800 as Houthi attacks in Saudi Arabia heightened concerns over further disruptions to Middle Eastern energy supplies. Reportedly, the evacuation of its headquarters in Dhahran has been ordered, coinciding with reports of an oil spill in the UAE. Additionally, a pipeline shutdown in Libya has led to a Read More
Crude oil prices concluded the trading session with a 3% increase, reaching Rs 9,484, as the resurgence of Houthi attacks in Saudi Arabia intensified worries regarding rising tensions in the Middle East and the possibility of interruptions to global oil supplies. Supply risks have escalated following reports from Iran’s Islamic Revolutionary Guard Corps regarding attacks Read More
Crude oil settled 0.30% lower at Rs. 8,953, declining by Rs. 27 as markets evaluated the implications of potential additional Russian energy supplies becoming available to global buyers in light of US President Donald Trump’s decision to temporarily ease restrictions on Russian diesel exports for six months. The initiative seeks to bolster American consumers; however, 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 concluded the trading session with a notable increase of 4.75%, reaching Rs 8,536. This surge was driven by heightened tensions stemming from renewed military exchanges between the U.S. and Iran, which have amplified worries regarding potential disruptions to energy supplies and shipping routes through the Strait of Hormuz. Rising geopolitical tensions have heightened 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
