Commodities

Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures rose 53 cents, also up 0.7%, to $73.09. Oil prices bounced.

India, the third largest oil importer and a major growing economy, is a key market for the oil producing nations particularly with recessionary pressures around and with expectations of oil.

Brent crude price was down 31 cents, or 0.4%, at $76.70 and U.S. West Texas Intermediate (WTI) crude lost 23 cents, or 0.3%, to trade at $72.92 at 0005 GMT..

Investors and traders are still holding on to bets that the Fed will eventually cut rates later this year, supporting zero-yielding gold, Tan added. Gold prices ticked up on Monday as.

Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $71.42. Oil prices rose slightly.

From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine conflict in February 2022, Russia’s share of India’s imports rose.

Record high gold prices and volatility saw India’s demand for gold in January-March quarter contract 17% year-on-year to 112.3 tonne and for the whole of 2023, market will struggle to.

By Marwa Rashad LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International.

No loan support to OMCs, finmin for equity route The finance ministry is unlikely to accept state-run oil marketing companies’ (OMCs) demand for either grant or loan route for the.

By Sudarshan Varadhan (Reuters) -Oil prices rose on Thursday but were unable to claw back the more than 9% decline during the previous three days as demand concerns in major.