Category «Commodity»

Oil Up, Talks to Add Iranian Supply Continue

Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail

By Administrator_India Capital Sands Oil was up Tuesday morning in Asia, as talks over Iran adding to the global supply continue and alleviate investor concerns. Brent oil futures were up 0.33% to $73.10 by 11:25 PM ET (3:25 AM GMT), recording a fourth consecutive session of gains. WTI futures edged up 0.11% to $70.96. Investors continue to monitor discussions between …

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

By Administrator_India Capital Sands Oil Marketing Companies (OMCs) in India have raised petrol prices by 28-29 paise/litre and diesel prices by 26-28 paise/litre on May 31. Since May 3, fuel prices have cumulatively jumped by Rs 3.83/litre for petrol and Rs 4.42/litre for diesel after a series of consecutive price hikes over the month. Petrol …

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail

By Administrator_India Capital Sands Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies. Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by …

Oil rises on falling crude stocks, demand hopes on stimulus and vaccine rollouts

Oil rises on falling crude stocks, demand hopes on stimulus and vaccine rollouts

By Administrator_India Capital Sands Oil rose in early trade on Wednesday on expectations global oil stocks will fall back to more normal levels this year and as U.S. lawmakers moved closer to approving President Joe Biden’s $1.9 trillion COVID-19 aid bill without Republican support. U.S. West Texas Intermediate (WTI) crude futures climbed 11 cents, or …

Gold and Brent crude rise over 1% after Janet Yellen’s ‘act big’ call

Gold Treads Water as Investors Await U.S. Inflation Report

By Administrator_India Capital Sands Gold rose on Wednesday to a one-week high as the dollar weakened on US Treasury secretary nominee Janet Yellen’s call to “act big” on measures to help the American economy recover from the impact of the pandemic. Brent Crude, too, jumped and traded above $56 a barrel. Spot gold gained 1.18 …

Oil Down, With Rising COVID-19 Cases Increasing Fuel Demand Fears

Facebook hits $1 trillion value after judge rejects antitrust complaints

By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, with rising numbers of COVID-19 cases globally contributing to rising fuel demand worries. However, expectations of a drawdown in U.S. crude oil inventory helped to limit losses for the black liquid. Brent oil futures edged down 0.13% to $55.59 by 10:27 PM ET (3:27 AM GMT) and …

Oil slips on demand worries as COVID-19 lockdowns tighten in Europe

Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail

By Administrator_India Capital Sands Oil prices dipped in early trade on Tuesday, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East. U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.3%, to $46.83 a barrel at 0158 …

Gold Steadies As US Stimulus Bets Outweigh Vaccine Hopes

Gold Treads Water as Investors Await U.S. Inflation Report

By Administrator_India Capital Sands Gold prices steadied on Monday as grim U.S. jobs data bolstered hopes for more fiscal stimulus, although optimism around coronavirus vaccine rollouts kept gains in check. Spot gold prices were steady at $1,837.04 per ounce by 0320 GMT, while U.S. gold futures were little changed at $1,840.80. “Softer jobs growth and …