The API said on Tuesday that U.S. oil stockpiles rose last week, coinciding with a reduction in worries about a worldwide glut as a result of supply interruptions brought on by an increase in vessel attacks along a vital shipping route through the Red Sea. The U.S. benchmark for crude oil, WTI Futures, settled 1.3%…
The growing attacks in the Red Sea, which have forced oil corporations and tanker owners to steer clear of the area, caused crude oil prices to spike by 2.11%, closing at 6,137. According to Russian Deputy Prime Minister Alexander Novak, the country is considering reducing its oil exports by more than 50,000 barrels per day…
Turmeric prices fell by 2.18% to $14430, primarily due to a decrease in buying activity as a result of stock releases before to the start of fresh crops in January 2024. Improved agricultural conditions brought on by fortunate weather also put pressure on the market. According to reports, crop conditions are good, and harvest is…
The prices of jeera had a notable upward trend, culminating in a 5.04% gain at 39985, mostly due to short covering subsequent to previous increases ascribed to increased production prospects in Gujarat and Rajasthan. But the market is facing difficulties because of Gujarat’s aggressive sowing and slow exports, which are expected to drive down prices…
The International Energy Agency (IEA) released a positive prediction on oil demand for the upcoming year, and a weaker dollar helped oil prices increase on Friday, setting up a first weekly advance in two months. As of $77.12 per barrel, Brent futures were up 51 cents, or 0.7%, higher. Crude oil prices for the United…
FCI expressed concern on Friday over the rising price of rice, stating that PDS rice is “extremely” good quality and advising traders to purchase the grain through the Open Market Sale Scheme (OMSS) to increase domestic supply and limit price increases. The Food Corporation of India (FCI) raised the bid quantity to 2,000 tons per…
The natural gas market saw a little increase of 0.15%, ending at 196.6, due to higher demand estimates and more gas flowing to LNG export plants. This spike happened in spite of record output levels, expectations of warm weather, and the expectation that next week’s heating demand will fall. The anticipated withdrawal of 55 billion…
Turmeric prices fell -1.41% to close at 14950, primarily due to weak purchasing activity in front of the expected stock release in advance of new crops in January 2024. Favorable weather circumstances put pressure on the market, which boosted crop conditions. The placement of Prime Minister Modi’s Turmeric Board in Telangana has raised worries among…
The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…
Cotton candy futures saw a -0.35% decline, closing at 56720, mostly as a result of concerns that cotton fields were being impacted by pink bollworm infestation. The infestation dropped significantly between 2017–18 (30.62%) and 2022–2023 (10.80%). From a two-year peak of 87,770 bales on December 1st, certified cotton stockpiles available for delivery against contracts fell…
