Page 153 - Commodity News

Indian oil refiners cut output, imports as pandemic hits demand

Several states across India are under lockdown as the coronavirus crisis showed scant sign of easing, with a seven-day average of new cases at a record high

Gold subdued on buoyant dollar; investors awaits US inflation data

US gold futures fell 0.2 per cent to $1,834.20 per ounce.

Oil rises 1% after cyber attack forces closure of US fuel jugular pipeline

Crude prices climbed more than 1% on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure

Gold rises by Rs 474; silver jumps Rs 1,050 on strong global trends

Gold rose to Rs 47,185 per 10 gram in the national capital

Gold heads for best week in five months on softer dollar, yields

Spot gold was steady at $1,815.88 per ounce by 0246 GMT, after hitting its highest since Feb. 16 at $1,817.90 in the previous session

Global oil prices edge up as investors eye fuel demand recovery

Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook

Gold, silver rally reflecting global recovery, says HDFC Securities

Gold prices got support from a weaker dollar as traders and investors are waiting for key US data, says Tapan Patel HDFC Securities, Senior Analyst (Commodities)

Covid-19: Refiners curtail palm oil imports as lockdowns dent demand

Lower imports by India, the world's biggest buyer of the edible oil, could limit a rally in benchmark Malaysian palm oil futures, which hit their highest level since 2008 on Thursday.

Oil prices fall as U.S. gasoline stocks rise for fifth consecutive week

Oil prices fell on Thursday as gasoline inventories in the US, the world's largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices

Trading strategies for Brent crude and zinc by Tradebulls Securities

Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic

Trading strategies for Brent crude and zinc by Tradebulls Securities

Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic

Gold prices edge higher as pullback in US dollar lifts appeal

Gold prices ticked up on Wednesday, lifted by a retreat in the US dollar, although gains were kept in check after US Treasury Secretary Janet Yellen said interest rates may need to rise

Oil climbs nearly 2% after eased lockdowns, travel seen rising,

Oil prices rose nearly 2% on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, though soaring Covid-19 cases in India capped gains

Liquor prices in UP increase with 'corona cess'

Liquor prices in Uttar Pradesh have increased after the state government imposed a 'corona cess' from Tuesday

Petrol price up 15 paise, diesel 18 paise after over two-week hiatus

Petrol price on Tuesday was increased by 15 paise per litre and diesel by 18 paise as state-owned fuel retailers started passing on the increase in international oil prices to consumers

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia is expected to cut its official selling prices for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional Covid-19 outbreaks

Oil prices firm as US, Europe growth prospects counter India concerns

Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as Covid cases soar

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States

LNG cargoes diverted from India as Covid crisis dampens demand - sources

LNG cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday

Gold gains as rising virus cases, pullback in U.S. yields lift demand

Gold prices rose on Monday as a retreat in U.S. Treasury yields and worries over surging COVID-19 cases in some countries boosted the metal's appeal