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Crude lipid prices roseate ₹74 to ₹9,067 per tube successful futures commercialized connected Thursday (March 19, 2026) amid geopolitical tensions successful West Asia and concerns implicit proviso disruptions.
Brent Crude futures crossed $116 per tube successful the overseas commercialized arsenic caller attacks connected cardinal vigor infrastructure successful the portion heightened fears of a choky planetary supply.
Also read: West Asia warfare updates connected March 19, 2026
On the Multi Commodity Exchange, crude lipid for April transportation accrued by ₹74, oregon 0.82%, to ₹9,067 per tube successful a concern turnover of 19,221 lots.
In the planetary market, Brent Oil futures for the May transportation accrued by $9.61, oregon astir 9%, to $116.99 per barrel, portion West Texas Intermediate for the aforesaid period declaration roseate 1.58% to $96.97 per tube successful New York.
“Brent crude futures surged supra $110 per barrel, extending gains arsenic caller attacks connected captious vigor infrastructure successful the Middle East intensified fears of disruptions to planetary lipid and state supplies,” Pinky Yadav, Fundamental Analyst, Commodity astatine Choice Broking, said.
Qatar connected Thursday (March 19, 2026) said Iranian missiles caused “extensive damage” to its main state installation astatine Ras Laffan, portion Kuwait said that its 2 lipid refineries were deed by Tehran.
Hareesh V, Head of Commodity Research, Geojit Investments Limited, said crude lipid prices gained aft a onslaught connected Iran’s large state installation and consequent retaliatory threats targeting Gulf vigor sites, intensifying the strain connected an already fragile proviso chain.
He added that the concern has delayed the reopening of the Strait of Hormuz, which continues to look restrictions amid rising information risks.
Meanwhile, U.S. President Donald Trump said Washington had nary anterior knowledge of the Israeli onslaught connected Iran’s South Pars state field, portion of the world’s largest earthy state reservoir, and urged restraint to forestall further escalation successful the region.
Analysts said Saudi Arabia faces export challenges amid uncertainty surrounding the Strait of Hormuz from the West Asian producers, contempt Iran permitting constricted vas movement, adding uncertainty successful prices.
On the outlook, Mr. Hareesh said Brent crude is already supra $110 per barrel; renewed disruptions could elevate prices further toward $120 oregon much arsenic proviso losses mount.
“The market’s hazard premium is acceptable to enactment elevated until determination is wide de-escalation,” helium added.
