Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $2.88, or 2.6%, to $109.61 a […]
Commodities
Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the recovery from Hurricane Ida’s damage dragging into a second week, gave the black liquid a boost. Brent oil futures was up […]
Oil mixed as Hurricane Ida pounds US crude patch, Louisiana
By Administrator_ India Capital Sands Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane plowing through the Gulf of Mexico forced shutdowns and evacuations of hundreds of offshore oil platforms. Brent was up 16 cents or 0.2% at […]
Gold Down, but Remains Above $1,800 Mark Over Fed Taper Delay Expectations
By Administrator_ India Capital Sands Gold was down on Tuesday morning in Asia but remained above the $1,800 level. Hopes are also growing that the U.S. Federal Reserve could delay its planned asset tapering thanks to the continuing spread of COVID-19. Gold futures edged down 0.17% to $1,803.25 by 12:12 AM ET […]
Oil prices rebound from 7-day losing streak as investors snap up bargains
By Administrator_ India Capital Sands Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in global covid-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains. Brent crude […]
Oil falls as Delta surge clouds fuel demand outlook
By Administrator_India Capital Sands Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel […]
Petrol Prices Hiked Up To 28 Paise
By Administrator_ India Capital Sands Petrol prices have been hiked across the metros on Monday, July 12, after a day’s pause. In the national capital, petrol rates were hiked by 28 paise from ₹ 100.91 per litre to ₹ 101.19 per litre, according to Indian Oil Corporation. Diesel rates were, […]
Gold Up Ahead of Jerome Powell’s Testimony
By Administrator_India Capital Sands Gold Futures were up 0.32% to $1,788.65 by 12:17 AM ET (4:17 AM GMT) Although inflation had increased, it will move back toward Fed’s 2% target once supply imbalances resolve, said Powell in written remarks prepared for his Tuesday testimony before congress. Investors now await the hearing […]
Gold Up, Boosted by U.S. Treasury Yields Retreat
By Administrator_ India Capital Sands Gold futures were up 0.33% to $1,774.85 by 12:26 AM ET (4:26 AM GMT). The yellow metal slid 6% during the previous week in its worst week since March 2021 after the U.S. Federal Reserve sprung a surprisingly hawkish stance as it handed down its latest policy […]
Oil rises as threat recedes of Iran supply resuming soon
By Administrator_ India Capital Sands Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude was up by […]