Sensex: 74,294.96 Price increased (0.76%)

Nifty: 23,414.30 Price increased (0.29%)

Hamburger

Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Oil drops toward pre-conflict levels amid improving market outlook
24-Jun-2026 13:36
Crude oil prices continued to decline on Wednesday as progress in US-Iran peace negotiations improved the global supply outlook and encouraged the resumption of tanker traffic through the Strait of Hormuz. Brent crude slipped 1.2% to $76.08 per barrel, WTI declined 1.2% to $72.31 per barrel, while MCX July crude oil futures dropped 1.6% to Rs 6,852 per barrel. Oil prices also faced pressure from a stronger US dollar, with the dollar index hovering near 101.3, its highest level in more than a year, amid persistent expectations of Federal Reserve rate hikes. Investors are now awaiting the upcoming US PCE inflation report for further clues on the Fed's policy path. As geopolitical tensions ease and energy market disruptions fade, crude prices have fallen more than one-third from their conflict-driven peaks.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué, kindly update your Email ID, Mobile Number and Income Range in your CDSL Demat Account on or before 31st May 2021. Non-compliant accounts will become inactive after 31st May 2021.  |  Prevent unauthorized transactions in your Demat account by updating your registered mobile number with your Depository Participant. Receive alerts for all debit and other important transactions directly from CDSL.  |  No need to issue cheques while subscribing to an IPO. Simply authorize your bank account in the application form.  |  KYC is a one-time process. Once completed through a SEBI-registered intermediary, you do not need to repeat it with another intermediary.  |  Update your mobile number and email ID with your stock broker to receive transaction alerts directly from the Exchange.