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 of 0.22%, closing at Rs 5,114, primarily driven by escalating geopolitical tensions and renewed apprehensions regarding possible supply disruptions. Sentiment improved following the United States’ decision to implement a complete halt on maritime traffic associated with sanctioned oil tankers connected to Venezuela, in response to the confiscation of Read More
Crude oil prices experienced a significant decline, closing down 1.38% at Rs 5,071, as markets contended with increasing indications of oversupply and escalating concerns regarding a global oil glut. Rising output from OPEC+ alongside robust production increases from non-OPEC producers, especially in the Americas, has persistently exerted downward pressure on prices, as Brent crude approaches Read More
