PolyMart Weekly Raw Material & Currency Insights

Energy and currency markets as of 8 May 2026 reflected a correction in crude oil, steady movement in USD INR, and continued softness in natural gas prices. Crude oil closed at 101.29, declining -6.36% weekly from 108.17, though still posting 6.94% monthly and 50.33% quarterly gains. On a yearly basis, crude remains 61.19% higher than 62.84 recorded on 8 May 2025, trading 71.91% above its yearly low of 58.92 (16 December 2025), while staying -11.49% below the yearly high of 114.44 reached on 4 May 2026. USD INR settled at 94.44, rising marginally by 0.48% weekly, but remaining down -2.14% monthly and -4.25% quarterly. The pair is -10.42% lower year-on-year, trading -11.26% below its yearly high of 84.88 (12 May 2025), while standing just 0.79% above its yearly low of 95.19 recorded on 5 May 2026. Natural Gas slipped to 2.75, declining -1.08% weekly and -0.72% monthly, with deeper losses of -14.33% quarterly and -24.03% yearly. Prices remain 6.18% above the yearly low of 2.59 (14 April 2026), but still sharply -47.92% below the yearly high of 5.28 seen on 5 December 2025. Overall, crude oil remains elevated despite recent correction, USD INR continues to trade near yearly lows, and natural gas stays under persistent bearish pressure.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.