Crude oil declines on US plan to release 26 m reserve barrels
Crude oil traded lower on Tuesday morning following the US government’s decision to release crude oil from the strategic petroleum reserve (SPR). At 9.51 am on Tuesday, April Brent oil futures were down by 0.73 per cent at $85.98 and March crude oil futures on WTI were at $79.23, down by 1.14 per cent. February […]
Crude oil dips as market awaits US data
Mangaluru, February 13Crude oil traded lower on Monday morning on apprehensions over the US further tightening its monetary policy. At 9.46 am, April Brent oil futures were at $85.63, down by 0.88 per cent; and March crude oil futures on WTI were at $78.92, down by 1 per cent. February crude oil futures were trading […]
Crude oil rises despite gloomy outlook from WEF
Brent crude oil and MCX futures traded higher on Tuesday morning, though the market mood was overshadowed by the Chief Economists’ Outlook report released at the World Economic Forum (WEF) in Davos. WTI crude oil, however, was down a tad.At 10.03 am on Tuesday, March Brent oil futures were at $84.71, up by 0.30 per […]
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 […]
Jeera crackles at record high price of ₹33,000
For jeera (cummin seed), 2023 has started on a sizzling note as the seed spice scaled a new record high topping ₹33,000 per quintal in the futures market on Monday. Jeera futures for delivery in January have gained over 30 per cent since December 2 from ₹25,085. In the spot markets at Unjha, jeera prices […]