Oil prices extended gains on Tuesday, hovering near a six-week high, on signs another storm could affect output in Texas this week even as the U.S. industry struggles to return production after Hurricane Ida wreaked havoc on the Gulf Coast. Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GMT, having Read More
Precious metals and gold and silver ETFs are making moves higher on Friday, reaching month-long highs following August’s disappointing U.S. employment report. Both metals have been moving off their recent lows since early last month, with silver climbing over $2.50 per ounce during that time and gold rallying more than $150 an ounce. On Friday, Read More
Gold prices dropped for the second straight by Rs 196 to Rs 47,203 per 10 gram in the Mumbai retail market on firm dollar and rising US Treasury yields. The yellow metal traded in a narrow range ahead of the ECB policy meet outcome tomorrow. The price of 10 gram, 22-carat gold in Mumbai was Read More
Gold Spot broke strong support at 1814/11 with stops below 1808 activated. Gold fell further to 1792. Silver Spot shorts at strong resistance at 2487/94 hit strong support at 2535/25 for profit taking. WTI Crude OCTOBER becoming more random and erratic – up one day, down the next day in a 2 week sideways trend. Read More
Oil prices were mixed on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia sparked fears over slower demand, but strong Chinese economic data capped losses. Brent crude futures were up 12 cents, or 0.2%, to $72.34 a barrel by 0947 GMT, after falling 39 cents on Monday. U.S. West Texas Intermediate Read More
Oil prices extended losses on Monday after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signaling that global markets are well supplied. Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 0101 GMT while U.S. West Texas Intermediate crude for October was at Read More
Oil prices were largely steady on Friday as a rebound in global demand was widely expected but a slow recovery for the U.S. Gulf Coast export and refining hub from the hurricane earlier this week weighed on prices. Brent crude futures were up 22 cents, or 0.3%, to $73.25 a barrel at 0911 GMT, while Read More
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of only gradual increases to output. Brent crude was up 30 cents, or 0.4%, at $71.89 a barrel by 0917 GMT and West Read More
Oil prices recovered on Wednesday, after a U.S. industry report showed crude inventories fell more than expected last week, steadying after overnight losses from the impact of Hurricane Ida on U.S. refineries. Prices rose ahead of the OPEC+ meeting at 1500 GMT where the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies are Read More
Gold prices slipped, after touching a near a four-week high earlier on Monday, as the dollar ticked up from its lows and investors showed caution in the run-up to the release of a key U.S. jobs report later in the week. Spot gold fell 0.4% to $1,808.67 per ounce by 1:33 p.m. ET after touching Read More
