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 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
Natural gas prices increased by 0.27% to close at Rs 301.6, bolstered by predictions of warmer-than-anticipated weather throughout the United States in the upcoming fortnight and a steady decrease in production levels. Anticipations of elevated temperatures extending into late June are expected to heighten electricity demand for air conditioning, consequently augmenting natural gas consumption by 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
Natural gas prices increased by 2.48% to close at Rs 309.9, bolstered by reduced domestic production levels, anticipations of heightened cooling demand, and short-covering activity in the futures market. Production in the Lower 48 states averaged 108.8 billion cubic feet per day in June, a decrease from 109.7 bcfd in May, which offers fundamental support Read More
Crude oil prices surged by 5.49% to settle at Rs 8,736, marking a robust recovery primarily influenced by rising geopolitical tensions in the Middle East. Market sentiment shifted markedly towards optimism following reports that Iran halted communications and message exchanges with the United States as a reaction to Israel’s escalating military actions in Lebanon. The Read More
Crude oil prices experienced a decrease of 0.73%, concluding at Rs 8,537, as reports emerged indicating that the United States and Iran have reached a preliminary agreement to prolong their ceasefire and initiate discussions regarding Iran’s nuclear program. Reports indicate that the proposed 60-day memorandum of understanding encompasses assurances for unrestricted shipping through the Strait Read More
Crude oil prices experienced a notable increase of 4.5%, concluding at Rs 9,014. This rise is attributed to heightened geopolitical tensions stemming from U.S. military actions in Iran, which have amplified worries regarding possible interruptions to global oil supply routes via the Strait of Hormuz. Market sentiment exhibited significant volatility as optimism for a swift Read More
Crude oil prices experienced a decline of 1.86%, closing at Rs 9,168, as renewed optimism regarding diplomatic negotiations between the United States and Iran alleviated immediate concerns over supply disruptions. Market sentiment improved following remarks from US Secretary of State Marco Rubio, who indicated that there had been slight progress in mediated talks with Iran. Read More
Crude oil prices concluded the session with a slight decline of 0.12% at Rs 9711, as market participants weighed the implications of tightening supply conditions against the backdrop of diminishing expectations for global demand. Market sentiment exhibited volatility following OPEC’s downward revision of its forecast for global oil demand growth in 2026. This adjustment aligns Read More
Crude oil yesterday settled sharply higher by 3.9% at Rs 9,376, driven by escalating geopolitical tensions in the Middle East that heightened concerns regarding potential disruptions to global supply. Market sentiment shifted to a bullish stance following US President Donald Trump’s characterization of Iran’s reaction to a US-supported peace proposal as “unacceptable,” thereby diminishing expectations Read More
Natural Gas yesterday settled higher by 2.13% at Rs 263.9 following the U.S. Energy Information Administration’s report of a smaller-than-expected increase in natural gas storage levels, which bolstered bullish market sentiment. Utilities injected 63 billion cubic feet of gas into storage during the week ended May 1, which fell short of market expectations of 74 Read More
Crude oil declined by 2.05% to settle at Rs 9,665, influenced by a reduction in geopolitical risk sentiment as optimism surrounding a potential U.S.–Iran ceasefire increased. Market participants responded to signs of renewed diplomatic engagement, which may ultimately lead to the stabilization of supply disruptions. Nonetheless, fundamental apprehensions regarding a wider energy crisis remain, as Read More
Natural gas prices experienced a decline of 2.1%, settling at Rs 252.1. This decrease is attributed to expectations of mild weather conditions, which are facilitating higher-than-normal storage injections. Softer seasonal demand has impacted sentiment, with projections suggesting that inventory levels may increase to approximately 8% above normal in the short term. Furthermore, anticipated demand in Read More
Crude oil prices experienced a notable decrease of 3.9%, closing at Rs 8817, influenced by a growing optimism regarding potential diplomatic advancements between the U.S. and Iran, which impacted market dynamics. Despite the prevailing optimism, fundamental tensions remain, as the U.S. upholds a naval blockade on Iranian ports and continues to impose restrictions on crude Read More
Crude oil prices experienced a notable increase of 3.39%, concluding at Rs 8,723, influenced by rising geopolitical tensions and new supply disruptions. Incidents of gunfire targeting several vessels in the Strait of Hormuz, coupled with the impasse in U.S.–Iran negotiations, have intensified apprehensions regarding the security of a crucial global oil transit corridor. Iran’s position Read More
Crude oil experienced a significant increase, closing 6.97% higher at Rs 8,308, propelled by a renewed escalation in tensions between the U.S. and Iran. The circumstances deteriorated following assaults on commercial vessels in the Strait of Hormuz, as both parties engaged in targeting ships, thereby significantly impeding traffic along this vital corridor. The recent U.S. Read More
Crude oil prices experienced a significant correction, declining by 7.37% to close at Rs 8,571, as the alleviation of geopolitical tensions exerted downward pressure on the market. Reports indicating that the U.S. and Iran are amenable to additional discussions regarding a more extended ceasefire have contributed to a reduction in the risk premium, despite prior Read More
Natural gas increased by 0.68% to close at Rs 265.8, buoyed by anticipations of heightened demand and continued robust flows to LNG export terminals. The most recent EIA data revealed a 36 Bcf injection for the week ending March 27, which stands in stark contrast to the five-year average withdrawal of 4 Bcf, suggesting a Read More
