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
The oil ministry informed a parliamentary standing committee that suppliers have voiced concerns about the high transactional costs and difficulty in repatriating funds, which has prevented India from finding takers for its demand that rupees be used to pay for the import of crude oil. International trade custom dictates that the U.S. dollar is the…
As a result of increasing metal deliveries into London Metal Exchange (LME) warehouses, worries about oversupply caused zinc prices to drop by -0.84%, ultimately settling at 223.5. An abundance of zinc is a cause for concern as the total amount of zinc stored in LME warehouses hit their highest points since September 2021. The shortfall…
As geopolitical tensions in the Middle East escalate, especially in light of the Houthi attacks on ships in the Red Sea, crude oil prices saw a little increase of 0.11%, ultimately settling at 6174. This increase was fueled by mounting concerns about interruptions to global supply. The U.S. government intends to buy an extra 2.1…
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…
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…
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…
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…
The United States’ efforts to restock its Strategic Petroleum Reserve (SPR) helped drive up crude oil prices, which increased by 0.57% to close at $5969. With the intention of buying 3 million barrels of crude oil by March, the U.S. revealed plans to replenish the SPR until May. Despite worries about global economic growth and…
The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…
