Crude Oil Futures Surge Following Drone Strikes in Gulf Region Amidst Heightened Tensions
Crude oil futures have experienced a notable uptick, driven by heightened tensions following drone attacks in the UAE and Saudi
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Wednesday, June 17, 2026
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Commodity News
Gold Prices Slide Below ₹1,58,500 Amid Economic Uncertainties and Market Pressures.
Gold prices have seen a notable decline, with MCX Gold trading around ₹1,58,547 per 10 grams, largely influenced by a
Read MoreSilver Prices Surge as Indian Import Curbs Tighten Supply Chain
Silver prices have demonstrated marginal volatility, currently listed at ₹268,040 per kilogram, a slight decline from ₹268,500 observed over the
Read MoreGold Bars and Coins Account for 41% of Total Gold Demand in Q1 2026.
Gold prices have experienced a significant upward trajectory recently, driven by a surge in demand for bars and coins, which
Read MoreLPG Disruption Drives India’s Petroleum Imports to Eight-Year Low
India’s refined petroleum product imports have sharply declined, averaging 765,000 barrels per day (b/d) in March 2026, the lowest level
Read MoreCrude Oil Futures Slip as Trump Cancels Planned Strike on Iran
Crude oil futures are experiencing downward pressure this week, with Brent oil trading at $109.80, down 2.05%, and WTI at
Read MoreFuel Prices Surge Again: Petrol and Diesel Hiked by Up to 90 Paise per Litre.
The recent surge in global crude oil prices, primarily driven by the ongoing conflict in Iran and disruptions in the
Read MoreGold ETFs See Positive Net Inflows After Three Weeks of Decline
Gold prices have exhibited volatility recently, currently standing at $4,570 an ounce after a significant drop from a peak of
Read MoreUS Grants 30-Day License for Stranded Russian Oil Shipments Amid Ongoing Sanctions
Crude oil prices are experiencing fluctuations primarily due to the announcement of a 30-day general license by U.S. Treasury Secretary
Read MoreIndia Poised to Navigate Oil Supply Challenges as Russian Waiver Expires.
The recent movements in the crude oil market have shown a complex interplay of supply and demand factors. Expected flows
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