Crude oil posted its sharpest annual decline since 2020 in 2025, with Brent down 19% and WTI falling 20% as prices slid to near multi-year lows. Persistent oversupply, where global production consistently outpaced demand and inventories swelled, outweighed brief price support from geopolitical tensions, keeping the market under pressure.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO