Commodities

Commodities News

Crude oil prices rise on tighter supply, geopolitical risks

The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14. Oil prices ticked up in early Asian trading on Monday, firming up gains from last.

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India oil demand to rise 4.2% on year in 2024: OPEC

Rising diesel consumption key driver India’s oil demand in the year 2024 is expected to see a growth of 220,000 barrels per day to reach 5.57 million barrels per day,.

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Oil products demand up 2.4% in Feb: Report

Month-on-month analysis, too, showed robust growth, with consumption up by 256,000 b/d, underlining the economic recovery and increased industrial activities. India’s oil products demand witnessed an increase of 132,000 barrels.

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Crude oil prices up on strong US demand, Fed signals in focus

Oil prices rose on Wednesday on expectations of strong global demand, including in the world’s top consumer the United States, and as even somewhat sticky U.S. inflation did not dent expectations the.

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Crude oil dips on profit taking after price crosses $85

Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel at 1234 GMT, after crossing $85 a barrel for the first time since November on.

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Polish farmers to let trucks at one Ukraine border crossing pass, PAP reports

WARSAW (Reuters) – Polish farmers protesting at the Dorohusk border crossing with Ukraine will let all trucks stuck there pass through as a gesture of goodwill, a protest leader told.

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Morning Bid: Sidestepping CPI for AI, China wobbles anew

A look at the day ahead in U.S. and global markets from Mike Dolan Even as U.S. inflation missed forecasts again and Treasury debt yields reared up in reaction, AI-fueled.

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Oil rises on signs of strong demand and rate cut hopes

By Alex Lawler LONDON (Reuters) -Oil rose on Wednesday, supported by signs of strong global demand including from top consumer the United States while hopes that the Federal Reserve might.

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Oil prices fall on China demand worries

By Yuka Obayashi and Mohi Narayan TOKYO/NEW DELHI (Reuters) -Oil prices extended last week’s losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the.

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Australian farmers rip out millions of vines amid wine glut

By Peter Hobson GRIFFITH, Australia (Reuters) -Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed.

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