Crude oil declined by 2.57% to close at Rs 5,642, influenced by increasing supply expectations and a reduction in geopolitical tensions. Output at Kazakhstan’s Tengiz field is experiencing a gradual recovery following a January outage, while indications of easing tensions between Iran and Russia have also influenced market sentiment. In a further indication of a Read More
Crude oil prices experienced a modest increase, closing up 0.79% at Rs 5,870, as market participants continued to evaluate the suitable geopolitical and supply-side risk premium. Sentiment was cautiously bolstered by remarks from U.S. President Donald Trump, who conveyed an optimistic outlook regarding negotiations with Iran aimed at limiting uranium enrichment. Nevertheless, tensions continue to Read More
Crude oil prices experienced downward pressure, concluding the session with a decline of 2.46% at Rs 5,746, as the easing of geopolitical risk premiums followed Tehran’s confirmation of upcoming discussions with Washington this week. The announcement alleviated concerns regarding potential supply disruptions in the short term, although ambiguity remains regarding the extent of the negotiations. Read More
Crude oil prices experienced an upward movement, concluding with a rise of 1.49% at Rs 5,709, bolstered by short covering and enhanced demand expectations. Sentiment improved following comments from Russia’s Deputy Prime Minister Alexander Novak, who suggested that global demand is anticipated to increase gradually in March and April, thereby bolstering optimism regarding near-term consumption. Read More
Crude oil prices concluded the trading session with an increase of 1.7%, reaching Rs 5,802, bolstered by supply disruptions and a depreciated U.S. dollar. A significant winter storm caused a temporary disruption in U.S. crude production and halted exports from Gulf Coast ports, leading to a rebound in shipments and a tightening of near-term supply. Read More
Crude oil prices experienced a slight decline yesterday, with the benchmark closing down 0.5% at Rs 5,422. This movement can be attributed to the recent easing of civil unrest in Iran, which has diminished the likelihood of a U.S. military response that might have threatened the stability of Middle Eastern supply chains. Decreased geopolitical risk Read More
