Commodities

Commodities News

Crude oil price steady after drop on US downgrade as supply concerns support

Ratings agency Fitch downgraded the long-term foreign currency ratings of the U.S., the world’s biggest oil consumer, reflecting expected fiscal deterioration, political polarisation and the international status of the U.S..

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Commodities News

Crude oil price on track for biggest monthly gains in over a year

Brent crude futures dipped 9 cents to $84.90 a barrel by 0005 GMT while U.S. West Texas Intermediate crude was at $80.41 a barrel, down 17 cents. Oil prices hovered near.

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Commodities News

Now, spices become a driver of food inflation; jeera, turmeric, coriander turn costlier as bad weather hit output

The spot prices of turmeric on commodity bourse NCDEX on Friday was quoted at Rs 12,904/quintal, while the futures prices for December 20, 2023 delivery rose to Rs 16,082/tonne. After.

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Commodities News

Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll

By Rahul Paswan (Reuters) – Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply,.

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Commodities News

Crude oil prices open lower on demand concerns, remain on track for weekly gain

U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase. Oil prices fell in early Asian trade on Friday.

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Commodities News

At Rs 5 lakh/kg, Kashmir’s saffron beats silver varq in price race

Kashmir’s saffron prices at Rs 5 lakh per kg while silver varq sells at Rs 80,000 per kg. Saffron from the Kashmir Valley is now a tough competitor of silver.

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Commodities News

Crude demand expected to be robust; traders advised to not take short positions, support seen near Rs 6400/bbl

MCX crude’s support seen at Rs 6400 and any price action below this level would give traders confidence to go short with a stop loss of Rs 6550. By Bhavik.

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Commodities News

Gold prices falling on US GDP, ECB, not US Fed; gold to remain rangebound between Rs 59500-58500 levels

If Gold breaches the 58720 level, then sellers will have the upper hold and may drag prices till 58400-58000. The high of the candle is seen at 59680 which will.

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Commodities News

Crude oil prices open lower on demand concerns, remain on track for weekly gain

U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase. Oil prices fell in early Asian trade on Friday.

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Commodities News

12,206 km of gas pipeline under various stages of construction: Oil ministry

Out of the 33,592 km, 23,173 km pipelines including spur lines, tie-in connectivity, sub-transmission pipelines (STPL) and dedicated pipelines are operational. A total of 12,206 km length of natural gas.

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