Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Following significant decreases in fuel supplies and a less-than-expected increase in U.S. crude inventories last week, oil prices increased little on Thursday. U.S. West Texas Intermediate crude prices increased by 18 cents to $79.31 a barrel, while Brent crude futures increased by 15 cents to $83.11 a barrel. The benchmarks gained almost 1% on Wednesday…
Aluminium saw a little decrease, finishing at 201.8, down -0.12%, as a result of the restart of production and power supplies at an Inner Mongolian aluminium smelter. Concerns about supply disruptions in China and abroad were allayed when Yunnan and other locations saw an improvement in power supply, which in turn led to stable production…
Silver closed yesterday at 73467, a noteworthy increase of 1.65%, demonstrating a good performance. Expectations of a possible June rate cut propelled this upward movement, especially in light of data showing a slowdown in U.S. manufacturing activity and a drop in consumer sentiment in February. The U.S. inflation rate meeting forecasts and the deflationary trends…
Brent futures dropped 3 cents to $82.77 per barrel, while May U.S. West Texas Intermediate (WTI) dropped 11 cents to $78.63. On Monday, WTI ended the day down $1.24 at $78.74 a barrel, while Brent finished 75 cents lower at $82.80 a barrel. To maintain prices in the face of worries about the global economy…
Natural gas prices fell by -2.55% to settle at 153.1, mostly as a result of excess supply brought on by a mild winter and record output levels. In the week that concluded on February 23, 2024, U.S. utilities removed 96 billion cubic feet of natural gas from storage, surpassing the 88 billion cubic feet that…
Following OPEC+ members’ decision to extend its voluntary oil output cutbacks of 2.2 million barrels per day into the second quarter, which was mostly expected by the market, oil prices increased on Monday. U.S. West Texas Intermediate (WTI) was up 20 cents, or 0.3%, to $80.17 a barrel, while Brent futures was up 28 cents,…
A government decree issued on Thursday states that, as of March 1, the windfall tax on petroleum crude has increased from Rs 3,300 to Rs 4,600 ($55.51) per metric tonne. With effect from March 1, the decree said that the Centre also reduced the windfall tax on diesel from 1.50 per litre to zero. Petrol…
As investors assessed the Federal Reserve’s policy stance, gold experienced a minor disappointment, closing down -0.08% at 62249. To avoid impeding progress in lowering U.S. interest rates, the governor of the Federal Reserve has advocated for caution. The Conference Board announced that the consumer confidence index in the United States fell to 106.7 in February…
Gold had a 0.24% increase, ultimately closing at 62301, as bond yields and the US dollar declined. In order to get insight into prospective interest rate adjustments, investors eagerly await a significant inflation data and remarks from Federal Reserve officials. This week, there are ten lectures by Fed members slated to take place. China’s net…
With producers actively working to reduce output in the face of a difficult market, natural gas saw a significant increase of 3.7%, ultimately settling at 151.2. A dramatic drop in prices prompted Chesapeake Energy and other major gas producers, such as Antero Resources, Comstock Resources, and EQT, to announce large reductions to their 2024 output…
