Commodity News

Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%

Crude oil flows from the Strait of Hormuz have increased to average above 10 mbpd as per the shipping tanker tracker data.

Gold, silver prices fall amid rise in global bond yields and dollar

In the global market, gold futures on Comex were trading near $4,160 per ounce, while silver slipped to around $61 per ounce

Oil prices rise for second session on continued West Asia supply concern

Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel ‌by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%

Oil gains 3%, gold at 7-week low as West Asia peace hits stalemate

Brent futures were up $2.98, or 2.86 per cent, at $107.30 a barrel by 1206 GMT after hitting their highest since September 15 earlier in the session

Gold slips below ₹1.50 lakh on US-Iran impasse; silver tumbles too

In the global market, gold futures on Comex fell to around $4,230 per ounce, touching a seven-week low, while silver slipped below $62.50 per ounce

Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty

Praveen Singh of Mirae Asset Sharekhan said that Hormuz optimism can keep gold supported in the very short term. Upside is likely to be limited to $4330 unless more clarity emerges on US-Iran talks.

Hormuz reopening hope to support silver, resistance at $65: Mirae Asset

Mirae Asset Sharekhan said that traders may buy the metal with a strict stop-loss below $62 for short-term trading. Resistance is seen at $65, followed by the $66.05-$66.40 zone.

Gold, silver rebound on buying at lower levels despite rate concerns

In the global market, gold futures on Comex were trading near $4,310 per ounce, while silver was trading near $64.35 per ounce

Oil prices fall as markets weigh Iran truce, oil facility attack risks

Brent was down 87 cents, or ​0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down $1.56, or 1.65%, at $93.05 ‌a barrel

Oil prices edge lower as Iran signals openness to diplomacy to end US war

Brent crude fell 0.9% to $102.13 a barrel after a 4% rise a day earlier as Tehran reviews Washington's response to proposals on the Strait of Hormuz

Crude oil drops, but physical tightness tells a more cautious story

The diplomatic picture adds further uncertainty. Trump described his meeting with Iran's delegation at the UNGA as very good and indicated further discussions are scheduled.

Gold opens ₹141 lower, silver rises ₹424 on MCX as oil prices fall

Silver futures opened higher on Wednesday, September 23, while gold traded with modest losses in the domestic market

Crude oil outlook: US-Iran talks; high transit cost in focus

The global cost of carrying crude oil which used to be around 1-2 per cent of the total contract value has now faring 20-25 per cent to Asian refiners.

Gold, silver futures trade higher on hopes of easing West Asia tensions

In the global market, gold futures on Comex were trading at around $4,385 per ounce, while silver was trading near $66.60 per ounce

Oil prices rise slightly ahead of potential US-Iran talks at UNGA

The Brent crude futures November contract ​gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT

Gold falls ₹881 on MCX, silver slips ₹1,599 amid global price fall

In the global market, gold futures on Comex were trading near $4,400 per ounce, while silver was trading near $66.70 per ounce

Oil prices hit over 1-week low on hopes of boost to diplomacy in Iran war

Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ‌Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%

Gold, silver prices strengthen despite US Federal Reserve rate hike

In early trade on Friday, September 18, gold and silver prices were trading firm

Oil falls 1%, remains above $100 on hopes of limited supply disruptions

Brent crude futures fell $1.01, or 1%, to $103.77 a barrel by 0020 GMT, while US West Texas ‌Intermediate futures fell $1.03, or 1%, to $100.88 a barrel

Oil prices fall as Saudi crude cargoes ease fears of supply disruption

Brent crude fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased