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
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 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
