PolyMart Weekly Raw Material & Currency Insights

The commodity and currency markets displayed mixed trends this week. Crude oil prices continued their downward slide, closing at 61.29, down 2.30% for the week. The commodity has now fallen 9.80% monthly and 11.84% quarterly, reflecting persistent weakness in global demand. On a yearly basis, crude is down 17.15%, trading 25.28% below its yearly high of 82.03 seen in January but remains 3.97% above the yearly low of 58.95 recorded in May. The rupee saw slight strength this week, closing at 88.00, marking a weekly gain of 0.85%. However, it slipped 0.30% monthly and 2.29% over the quarter. Compared to 84.03 a year ago, it has depreciated 4.72%, though currently sits 0.97% stronger than the yearly low of 88.86 touched earlier this month. Natural gas prices softened, ending the week at 3.00, down 3.23%. The commodity also fell 2.60% monthly and 15.25% quarterly, though it remains 6.01% higher year-on-year. Natural gas stands 30.43% above its yearly low of 2.30 from October last year but 33.18% below the yearly high of 4.49 recorded in March. Overall, crude remains under pressure, the rupee showed modest stability, and natural gas weakened after earlier gains, highlighting continued uncertainty across global energy markets.Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.