Crude oil pares losses ahead of OPEC panel meet
After witnessing around 2 per cent drop in Tuesday’s session, crude oil futures traded higher on Wednesday morning. The scheduled meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ (Organization of Petroleum Exporting Countries) and its allies next week is boosting the demand for the commodity. At 10 am on Wednesday, March Brent oil […]
Crude oil gains marginally on US interest rate outlook
Crude oil futures traded marginally higher on global exchanges on Tuesday morning following hopes that monetary policy tightening by the US will be less aggressive and expectations of a demand recovery in China. At 10 am on Tuesday, March Brent oil futures were at $88.21, up by 0.02 per cent, and March crude oil futures […]
Crude oil trades lower on Chinese lunar new year holiday
Crude oil futures traded lower on Monday as one of the its main markets—China—is witnessing Lunar New Year holiday. At 10 am on Monday, March Brent oil futures were at $87.25, down by 0.43 per cent, while March crude oil futures on WTI were at $81.33, down by 0.38 per cent. February crude oil futures […]
Crude oil prices gain as China fuels hopes of demand recovery
Crude oil traded higher on Monday morning following the hopes of demand recovery in China. At 10 am on Monday, March Brent oil futures were at $79.46, up by 1.13 per cent, and February crude oil futures on WTI were at $74.70, up by 1.26 per cent. January crude oil futures were trading at ₹6,172 […]
Crude oil prices gain after declining in previous two sessions
Crude oil futures, which lost nearly 9 per cent in the previous two trading sessions, traded higher on Thursday morning. At 10.01 am on Thursday, March Brent oil futures were at $78.67, up by 1.07 per cent, and February crude oil futures on WTI were at $73.68, up by 1.15 per cent. January crude oil […]
Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices […]