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 modest increase, closing up by 0.34% at Rs 5,272, primarily driven by rising geopolitical tensions. Markets gained momentum from ongoing US initiatives to intercept oil tankers in proximity to Venezuela, as Washington escalates its pressure on President Nicolás Maduro’s government. While Venezuelan crude constitutes a modest portion of the global Read More
Crude oil prices experienced an increase of 0.95%, closing at Rs 5,228. This uptick was influenced by geopolitical tensions following the US’s seizure of a tanker associated with Venezuela, which has heightened concerns regarding possible supply disruptions. Venezuela characterized the action as an instance of piracy, with tensions escalating further due to Ukraine’s ongoing assaults Read More
