Thu, May 09, 2024
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
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Tue, May 07, 2024
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 36 or 0.55 per cent at Rs 6,578 per barrel in 11,393 lots.
Fri, Aug 26, 2022
Ahead of the Fed Chairman's speech in Jackson Hole, there was a great rally in the US markets on Thursday. US markets closed at day's high. Dow Jones climbed 323 points. Whereas, Nasdaq gained 208 points. Bond yield slipped to 3%, Brent crude fell below $100.
Wed, Aug 24, 2022
The US markets registered a decline for the third consecutive day. Dow Jones fell 154 points to close at 32,910 on Tuesday due to the slowing economy in Jackson Hole meeting and data. On the other hand, Nasdaq slipped 150 points from the day's high and closed flat. There is also weakness in SGX Nifty. It is trading at the level of 17,565 with a decline of 43 points. Japan's Nikkei is down 45 points. Kospi has a gain of 6.67 per cent. Crude oil has risen. Crude oil reached a 3-week high. Brent crude jumped by $3 to cross $100.
Tue, Aug 23, 2022
Crude oil prices reached 1- week high as Saudi Arabia has warned of cutting crude oil production, which has spurred the crude oil prices again. In the international market, Brent crude rose 97.45 dollar per barrel in early trade, while WTI crude was down by 90.23 dollar per barrel. Will the price of crude oil increase further? Watch Commodities Live to know expert's opinion.
Will crude oil prices rise further? Will the hike in the price of crude increase the fear? Why is the price of natural gas at a 20-year high? Which step of Russia will aggravate Europe troubles? Know from Anil Singhvi.
Fri, Aug 19, 2022
US markets closed cautiously after a weak start. The Dow Jones climbed 150 points from the lower levels and closed 20 points higher and the Nasdaq closed on the green mark after recovering 100 points. Apart from this, Bed Bath & Beyond share fell 40%. Brent crude surged 3% to reach $96 per barrel. Euro zone inflation reached a new record high of 8.9% year-on-year in July.
This is the third time when the government has reviewed windfall tax. Earlier this month, the government had scrapped the windfall profit tax on ATF exports.
Thu, Aug 18, 2022
The world's best-known crude benchmark, Brent was trading at USD 94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of USD 91.51 on the previous day
Why did consolidation appear in the market yesterday? What happened in Fed minutes yesterday? What's the positive news for the fall in Crude Oil? How is the signal for the market today? Know from Anil Singhvi.
US markets slipped on Wednesday after five days of gains. Dow Jones fell about 172 points and closed at 33,980 level. On the other hand, Nasdaq fell by 165 points. SGX Nifty slipped below 17950 with a weakness of about 50 points. Japan's Nikkei has dropped 300 points. Fed minutes have affected the market sentiment. As long as inflation does not fall, rates will continue to rise. Restrictive policy has to be adopted. Crude oil fell to a 7-month low. Brent crude price is near $ 93 per barrel.
Wed, Aug 17, 2022
Slamming those questioning India's integrity over buying crude from Russia, External Affairs Minister S Jaishankar on Wednesday said that it is his moral duty to provide best possible deal to its citizen and India has been very honest about its interest.
Tue, Aug 16, 2022
Today there has been tremendous action seen in the commodity market. Gold, silver and crude fell on the Multi Commodity Exchange (MCX) today. Gold futures on the Multi Commodity Exchange (MCX) declined by Rs 52,000 per 10 grams. Whereas the Silver futures came down to Rs 57,600 per kg. While Crude fell more than 4%. On the Multi Commodity Exchange (MCX) Crude Futures reached below Rs 7,100. Apart from this, there was a rise in the prices of zinc and cotton.
When will the market set a new high? Do we have enough liquidity to accelerate? Why is it necessary for crude oil to come down early? Know from Anil Singhvi.
What is the reason for the good rally in the US market on both the days? Crude oil fell 7% in two days, how is the sign for the market? How durable is the decline of crude oil? Know the opinion of Anil Singhvi.
There has been a great rally in the US market. From the day's low, Dow gained 300 points and closed with a gain of 150 points and Nasdaq gained nearly 100 points. At the same time, the Central Bank of China reduced rates by 0.1% yesterday. Crude oil fell 7% in 2 days and reached a 6-month low. While gold came down to $1800.
Thu, Aug 11, 2022
Shares advanced on Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July.
US stocks rallied 3-month highs as investors cheered a report showing inflation cooled more than expected in July. The Dow Jones rose 535 points while the Nasdaq rose 325 points to close at the day's high. SGX Nifty jumped 200 points and is near 17750. Dow futures is up 100 points. Crude oil rose to $ 97 per barrel.
Tue, Aug 09, 2022
Traders will be watching out for weekly U.S. oil inventory data, first from the American Petroleum Institute on Tuesday and then the Energy Information Administration on Wednesday.
Mon, Aug 08, 2022
Crude oil prices hits 6-month low. Crude oil fell 14% in the last one week and last week has seen the biggest weekly fall in 2 months. Crude in China fell in June-July to the lowest level in 4 years. In MCX, the price of crude is trading down by Rs 33 at Rs 7,053. Brent crude has reached $ 94.08 per barrel and WTI crude has reached $ 88.22 per barrel. Why is crude oil getting cheaper? Watch Commodity Superfast to know the expert's opinion.
Fri, Aug 05, 2022
Crude oil countdown begins! Signs of deepening crude decline. Will there be relief from expensive crude oil? Know full details from Neha Anand.
In a report, S&P, citing sectoral experts, said India is keen to explore such opportunities in other Latin American countries.
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