Crude oil experienced a notable increase of 2.45%, closing at Rs 6,058, primarily influenced by rising geopolitical tensions. Concerns heightened following the deployment of U.S. warships in proximity to Iran, as Washington indicated a potential reassessment of its diplomatic strategy regarding Tehran. Simultaneously, negotiations aimed at resolving the conflict between Ukraine and Russia concluded without 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
Crude oil prices experienced a slight decline, closing down 0.32% at Rs 5,335, as the anticipation of a revival in Venezuelan oil exports overshadowed the premiums associated with geopolitical risks. Market participants concentrated on signals suggesting that Venezuela might soon make available up to 50 million barrels of previously sanctioned crude, thereby contributing to short-term Read More
