Page 139 - Commodity News

Oil prices rise today amid slow supply return after Hurricane Ida

MELBOURNE (Reuters) - Oil prices rose on Wednesday, paring overnight losses, with producers in the U.S. Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.

Gold price today at Rs 47,410 per 10 gm, silver selling at Rs 65,000 a kg

Silver is selling at Rs 65,000 per kg, down Rs 300 from yesterday's trading price

Gold hastens retreat as dollar gains upper hand

Spot gold dropped 1.6% to $1,794.57 per ounce by 1:45 pm EDT (1745 GMT), and was set for its worst day since August 9

Gold price today at Rs 47,530 per 10 gm, silver selling at Rs 65,300 a kg

Silver is selling at Rs 65,300 per kg, unchanged from yesterday's trading price

Gold imports nearly double in August as prices dip ahead of festivals

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , which have corrected nearly 12% from an all-time high of $2,072 in August 2020

Oil steady as Ida outages offset Saudi Arabia's cuts in crude prices

Oil held steady with Saudi Arabia's cut in crude prices for Asian buyers raising the prospect of fierce competition among sellers

India's August gold imports nearly double on price correction: Report

Gold imports in August nearly doubled from a year ago to their highest level in five months on an improvement in demand and as a correction in prices prompted jewellers to ramp up purchases

Oil market anchors around $70/b, but volatility to return

Even with Covid concerns creating recent jitters in big consumers like China and US, the impact appears to be diminishing as the global economy recovers

Oil extends losses after deep cuts to Saudi crude prices for Asia

Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 0101 GMT while U.S. West Texas Intermediate crude for October was at $68.73 a barrel, down 56 cents, or 0.8%

Gold price today at Rs 47,410 per 10 gm, silver selling at Rs 65,200 a kg

Silver is selling at Rs 65,200 per kg, unchanged from yesterday's trading price

Gold price today at Rs 47,200 per 10 gm, silver selling at Rs 63,600 a kg

Silver is selling at Rs 63,600 per kg, up by Rs 100 from yesterday's trading price

Oil prices dip on Friday after posting strong overnight gains

U.S. West Texas Intermediate crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel

Gold price today at Rs 47,280 per 10 gm, silver selling at Rs 63,500 a kg

Silver is selling at Rs 63,500 per kg, up by Rs 500 from yesterday's trading price

Oil prices rise on optimism about economic recovery, weaker dollar

Oil prices rose more than $1 on Thursday, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in US crude stocks and a weaker dollar.

Oil prices drop after OPEC+ reaffirms supply return as demand wavers

Oil prices fell after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners remained offline

Gold price today at Rs 47,380 per 10 gm, silver selling at Rs 63,000 a kg

Silver is selling at Rs 63,000 per kg, unchanged from yesterday's trading session.

OPEC+ sticks to agreed schedule for oil-production increases

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory

OPEC+ seen sticking to existing policy despite higher oil demand

OPEC and its allies will likely stick to their existing policy of gradual oil output increases, four sources said on Wednesday, even though the group revised up its 2022 demand outlook

Gold prices stay flat as investors await direction from key US jobs data

Gold prices were flat on Wednesday as investors awaited a key US jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures

Small jewellers see relief as key hallmarking issues resolved

Industry wants relaxations to be notified at the earliest