Tuesday’s early Asian trading saw an increase in oil prices as investors maintained their concern that the Israel-Hamas conflict could spread into a larger battle in the oil-exporting area, potentially disrupting supply. Brent crude prices had risen by 70 cents, or 0.8%, to $90.53 per barrel, while U.S. West Texas Intermediate crude futures had gained…
As supply convoys began to arrive in the Gaza Strip over the weekend and diplomatic efforts were made to prevent a conflict between Israel and the Palestinian Islamist party Hamas from expanding to the larger oil-rich region, oil prices decreased on Monday. U.S. West Texas Intermediate crude futures declined 61 cents to trade at $87.47…
On Monday, October 23, gold prices in India were trading down due to weak bullion demand in the spot market. For 22-carat and 24-carat gold, respectively, the prices in Delhi were Rs 56,500 and Rs 61,600 per 10 grammes. Additionally, the cost of silver decreased by Rs 200 to Rs 75,100 per kg. Lower rates…
The Reserve Bank of India anticipates a little slowdown over the medium term in light of worries regarding the recent spike in global petroleum prices. According to the RBI’s monthly bulletin, the two largest consumers of crude oil, China’s slowing development and the U.S. anticipated drop in fuel consumption, will keep crude prices at $86…
Natural gas prices significantly dropped in the previous session, falling by 4.1% to close at 245.8, mostly as a result of a number of market-affecting events. The main causes of this bearish trend were record-high natural gas production, warm weather, and a larger-than-expected storage build. US utilities added 97 billion cubic feet (bcf) of natural…
The latest trading session saw cotton candy futures rise noticeably by 0.41%, ending at 58,620. This rise can be attributable to important changes in the cotton market, as described in the USDA’s October WASDE report. According to the analysis, American cotton production will be much lower in 2023–2024, with a projected output of 12.8 million…
Oil prices increased by about $2 in early trade on Wednesday as industry data revealed a larger-than-anticipated draw in U.S. oil storage and concerns about Middle Eastern supply disruptions as a result of the escalating Israel-Hamas war. The price of Brent crude futures increased $1.62, or 1.8%, to $91.49 a barrel as investors prepared for…
Due to increased demand for major holidays, tight supply, and the fact that import taxes prevent domestic flour mills from purchasing wheat abroad, Indian wheat prices soared to an eight-month high on Tuesday. In order to boost supplies and regulate prices in front of crucial state assembly elections and a general election next year, the…
Maharashtra intends to reduce the area planted to chana and wheat by 27% and 20%, respectively, during the rabi season. Maharashtra is the second-largest producer of chana and the sixth-largest producer of wheat in the nation. As an alternative, it intends to expand the acreage of crops like jowar and maize, which require very little…
Jeera futures are rising, rising over 8.50% in the previous four sessions to settle at 57650, driven by fresh buying amid limited supply at the physical market and anticipation of the next new harvest, which is still five months away. While stockists profit from recent price declines, concerns remain on the slow exports, with seasonal…
