Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark, were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), while U.S. West Texas Intermediate crude futures rose 0.4% to $81.56 a barrel. Both contracts were set to lose about 9%…
"OIL HEADS FOR FOURTH STRAIGHT MONTHLY LOSS AS OPEC MEETING LOOMS" The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. financial The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak…
"Oil Prices And Financial Markets Brace For Recession" By Administrator_India Capital Sands Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. Brent crude oil rose 39 cents, or 0.5%, to $73.99 a barrel by 0133 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents, or 0.5%, to $70.90 a barrel. U.S. crude oil, gasoline…
"Oil prices climb after drawdown in stocks, positive demand outlook" By Administrator_India Capital Sands Oil prices were wobbly on Monday as investors grappled with demand concerns after Saudi Arabia’s sharp cuts to crude contract prices for Asia. Brent crude futures for November rose 4 cents, or 0.1%, to $72.26 a barrel by 0056 GMT, after falling 39 cents on Monday. U.S. West Texas Intermediate crude for October was at $68.88 a barrel, down 41 cents, or 0.6%, from Friday’s close, with no settlement price for…
"Oil wobbles as demand woes stalk market after Saudi price cuts" By Administrator_India Capital Sands Oil prices fell on Monday on worries over China’s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world’s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to…
"Oil prices slide on worries over China economy and higher crude output" By Administrator_India Capital Sands Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence in coronavirus cases worldwide. Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel,…
"Oil falls but heads for strong weekly gain on demand growth" By Administrator_India Capital Sands Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell last week to their lowest since January 2020 and imports and production dropped. Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while U.S. West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a…
"Oil prices slip but remain near $75 after large inventory drawdown" By Administrator_India Capital Sands Oil rose on Tuesday, recovering from the previous day’s drop, as expectations of further declines in U.S. crude inventories outweighed fears that spreading COVID-19 variants could derail a global economic recovery. Brent crude for September climbed 25 cents, or 0.3per cent, to US$75.41 a barrel by 0036 GMT, after losing 0.5per cent on Monday. U.S. West Texas Intermediate crude for August was at US$74.33 a barrel, up 23 cents, or 0.3per…
"Oil rises on expectations of US crude stocks falling" By Administrator_India Capital Sands Petrol, Diesel Price Today: Petrol and diesel prices were kept unchanged on Friday, July 9, as crude oil prices were set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies. Petrol price was kept unchanged at record high of ₹ 100.56 per litre in Delhi and diesel was priced at ₹ 89.62 per litre, according to the country’s largest oil refiner Indian Oil. Currently, petrol is most expensive in Mumbai…
"Petrol, Diesel Prices Kept Unchanged On Friday. Check Prices Here" By Administrator_India Capital Sands Oil prices rose slightly on Tuesday after the previous day’s rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains. Brent crude was up 7 cents, or 0.1%, at $77.23 a barrel by 0052 GMT, after gaining 1.3% on Monday. U.S. West Texas Intermediate (WTI) crude futures were at $76.38 a barrel, up…
"Oil rises further on hopes of tighter supply as OPEC+ talks abandoned"
