Crude oil trades in range as key data China still struggling to recover
Crude oil traded in a tight range on Thursday morning as China (a major crude oil consumer) came out with its consumer price index (CPI) and producer price index (PPI) numbers. Meanwhile, crude oil inventories in the US, another major consumer, fell during the week ending March 3. At 9.55 am on Thursday, May Brent […]
Crude oil gains a tad on US industry data
Crude oil futures traded marginally higher on Wednesday morning as an industry data showed a decline in inventory levels in the US. At 9.57 am on Wednesday, May Brent oil futures were by 0.18 per cent at $83.44 and April crude oil futures on WTI were up by 0.01 per cent at $77.59. March crude […]
Crude oil drops as market assesses likely impact of Fed’s minutes
Crude oil futures traded lower on Wednesday morning as the market felt that the release of minutes of the meeting of the US Federal Reserve later in the day may have an impact on the demand for crude oil in the global market. At 9.52 am on Wednesday, April Brent oil futures were down 0.22 […]
IEA’s faith in China’s recovery boosts crude oil prices
Crude oil futures traded higher on Monday morning as the International Energy Agency (IEA) reiterated that China will boost the demand for crude oil in the global markets. At 10 am on Monday, April Brent oil futures were at $80.16, up by 0.28 per cent; and March crude oil futures on WTI were at $73.53, up […]
Crude oil declines as data show rise in US inventories
Crude oil traded lower on Thursday morning as data from an industry body in the US showed an increase in crude oil inventory last week. At 10 am on Thursday, March Brent oil futures were at $83.88, down by 1.29 per cent, and March crude oil futures on WTI were at $78.56, down by 1.55 […]
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 […]