On Friday morning, oil prices were supported by the growing tension between Russia and Ukraine. | Photo credit: Istockphoto
Crude oil futures were negotiated higher on Friday morning, but are directed to a weekly loss due to the prospects for an increase in OPEC+ supplies and uncertainties surrounding the US trade war.
At 9.53 am on Friday, June Brent oil futures were $ 66.98, 0.65 percent, and the future raw of June in WTI (West Texas Intermediate) were at $ 63.23, 0.70 percent more. May oil futures were quoted to ₹ 5401 in the duration of multiple exchange duration (MCX) the initial time of Friday’s negotiation against the previous closure of ₹ 5380, 0.39 percent, and June’s futon were close to ₹ 5,364 0.39 percent.
On Friday morning, oil prices were supported by the growing tension between Russia and Ukraine. The reports said Russia attacked Kyiv from Ukraine with missiles and drones on Thursday.
Russia’s criticism of this, the president of the United States, Donald Trump, said in a publication on the social network Truth Social Platform: “I am not happy with the Russian attacks on kyiv. It is not necessary and very bad time.
In another publication about Truth Social, Hey also criticized the president of Ukraine, Volodymyr Zenskyy. Trump said: “Ukrainian president, Volodymyr Zenskyy, boasts on the cover of The Wall Street Journal That, ‘Ukraine will not legally recognize the occupation of Crimea. There is nothing to talk about here. “This statement is very harmful to peace negotiations with Russia, since Crimea was lost years ago under the auspices of President Barack Hussein Obama, and it is not even a point of discussion. No one is asking Zenskyy to recognize Crimea as a Russian territory, but, if Hey Crimea, why did they not fight for that reason?
Trump also said: “It has nothing to boast! The situation for Ukraine is serious: it can have peace or can fight for another three years before losing the entire country.”
The media reports said that the United States and Russia are progressing in the search for a solution to the Russia-Ukraine war, they thought that some terms have not yet been resolved. Market actors expect fire to fire in this war to help boost crude oil supplies in the global market.
Some bearish feelings affected the price of the product duration of the week. This included recent reports that some OPEC+ members are planning an increase in the production of crude oil production for the second consecutive month of June.
Added to this, the commercial war between the United States and China also had an impact on crude oil prices. The United States and China are the two main consumers of the product in the global market.
May gas futures were quoted at ₹ 265.20 with MCX duration the initial negotiation time on Friday against the previous closure of ₹ 263.50, 0.65 percent more.
In the National Exchange of National and Derivative Products (NCDEX), May’s contracts were quoted at ₹ 22,750 at the initial time of Friday’s negotiation against the previous closure of ₹ 23.005, 1.11 percent.
May futures (polished farmer) were quoted at ₹ 14,456 in NCDEX at the initial negotiation time on Friday against the previous closure of ₹ 14548, 0.63 percent.
Posted on April 25, 2025