In Asian trade, oil prices increased, continuing a recent upward trend as speculation about tighter supply and stronger demand in the largest fuel consumer in the world increased in response to a larger-than-expected drop in U.S. stockpiles. The previous week has seen sharp losses in the crude markets as worries about slowing global demand were…
Prices for cotton candy rose by 0.4% to 57,640 INR, mostly due to a notable decrease in the area used for cotton farming in Rajasthan, Haryana, and Punjab. After reporting 16 lakh hectares of cotton last year, these states now record 10.23 hectares under cotton. Just 97,000 hectares of cotton were grown in Punjab, dramatically…
As indications of reduced US supply helped ease concerns about the global oil market’s deteriorating demand, oil prices steadied throughout Wednesday’s Asian trading session. After dismal economic statistics from China, the world’s largest oil importer, increased worries about slowing demand, crude markets were nursing a steep fall over the previous week. October contract prices for…
The September WTI (West Texas Intermediate) and Brent oil futures were down 0.31 and 0.27 percent, respectively, to $84.62 and $80.59. Tuesday’s first hour of trading saw July crude oil futures on the Multi Commodity Exchange (MCX) trading at ₹6,828 against the previous close of ₹6,847, down 0.28 percent, and August futures at ₹6,752 against…
Forecasts of warmer-than-usual weather over the next several weeks are expected to generate higher demand for air cooling, which helped natural gas prices rise by 2.94% yesterday and settle at 196. The weather forecast encouraged market optimism because rising temperatures usually lead to a greater requirement for electricity generation for cooling purposes, increasing natural gas…
The increased anticipated production in the United States is primarily responsible for the 1.1 million bale increase in the worldwide cotton production prediction for 2024–2025 to 120.2 million bales. Global consumption is anticipated to rise by 250,000 bales, with increases in Malaysia and India balancing declines in other regions. These adjustments cause the global ending…
As investor confidence was encouraged by evidence of strong summer demand and easing inflationary pressures in the world’s largest oil market, the United States, oil prices surged during early Asian trading hours on Friday. Up 37 cents, or 0.4%, to $85.77 per barrel, were Brent crude futures. With a 0.6% increase, U.S. West Texas Intermediate…
The Energy Information Administration (EIA) announced a greater-than-expected drop in US crude stockpiles, which helped to support crude oil prices, which increased by 0.41% to settle at 6,858. The EIA reported that for the week ending July 5, crude stocks dropped by 3.4 million barrels to 445.1 million, a substantial decrease from the projected draw…
The prospect of increased demand from China caused short-covering, which resulted in a minor increase in zinc prices of 0.06%, closing at 271.7. This hope stems from the anticipated Third Plenum of the Communist Party, which is set for July 15–18 and is anticipated to cover economic policy and reforms. Rising by 1,500 metric tonnes…
Prices for cotton candy decreased by 0.12% to $58170 due to forecasts for good weather that will increase supply from important growing locations. The negative impact was, however, mitigated by a delay in Brazilian and US supplies, which led to a demand for Indian cotton from mills in nearby nations. Furthermore, stable cottonseed prices are…
