Oil prices fell on Wednesday following a trip by mediators to the Middle East, growing US crude supplies and hopes that tensions were easing. Brent crude futures were down 9 cents, or 0.1%, at $77.11 a barrel. U.S. West Texas Intermediate crude was down 12 cents, or 0.2%, a barrel. U.S. crude stocks were forecast…
With Israel accepting a plan to address the issues preventing a ceasefire agreement in Gaza, concerns over a disruption in Middle Eastern oil supplies were allayed, and oil prices inched down on Tuesday. At $77.54, Brent crude dropped 12 cents, or $2.02, or 0.15%. Tuesday’s front-month U.S. West Texas Intermediate oil futures were down 14…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
Oil prices fell on Monday on worries about slowing demand in China, the world’s biggest oil importer. Brent crude futures were down 13 cents, or 0.2%, at $79.55. U.S. for America West Texas Intermediate crude futures were down 0.2%, or 13 cents, at $76.52 a barrel. The country’s industrial production fell and unemployment rose. That…
Gold saw a 1.77% increase to close at 71,375, fuelled by increasing hope for a September rate cut in the US. However, the market’s expectations have cooled, tempering expectations for rapid easing by the Federal Reserve due to recent strong economic statistics. are inclined to agree to a rate decrease next month. The gold market…
Due to profit booking following a recent spike fuelled by worries over decreased acreage in the current Kharif farming season, cotton candy prices fell by -0.53% to settle at 56,830. In comparison to 121.24 lakh hectares during the same period last year, cotton acreage has declined by about 9% to 110.49 lakh hectares, according to…
As predictions that the Federal Reserve will start reducing rates grew in response to less-than-expected U.S. consumer inflation statistics, gold prices increased in Asian trade on Thursday and remained near record highs. Better risk appetite also restrained gains in the yellow metal, and traders were positioning for a more modest rate decrease in September due…
Despite concerns about global demand, oil prices rose on Thursday on expectations that a forthcoming US interest rate cut would boost economic activity and boost fuel consumption. Brent oil futures recovered some losses from the previous day, rising 17 cents, or 0.21%, to settle at $79.93 a barrel. U.S. U.S. West Texas Intermediate crude was…
Zinc prices fell 1.6% to 255.9, which accounts for nearly 50% of the cost of zinc production. Zinc stocks fell by 8.5% from the previous Friday, which also impacted the price movement. The surplus in the global zinc market narrowed to 8,300 MT in May from 15,300 MT in April. In July 2024, China’s refined…
The price of aluminium increased by 0.37%, reaching ₹216.05, as the market reacted to several supply-side events. August is predicted to see a minor increase in refined zinc production, which could have an impact on the larger base metal markets. China’s domestic production of aluminium increased significantly, reaching 3.683 million metric tonnes in July 2024…
