Commodities

Oil prices slip as pandemic takes toll on India's fuel sales

Oil prices slip as pandemic takes toll on India’s fuel sales

May 3, 2021

By Administrator_India Capital Sands Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand in developed countries and China in the second half of the year. Brent crude futures for July fell 15 cents, […]

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Oil prices slip as pandemic takes toll on India's fuel sales

Oil Down Over Unexpected Surge in U.S. Gasoline Inventories

April 8, 2021

By Administrator_India Capital Sands Oil was down Thursday morning in Asia, as an unexpected build in U.S. gasoline stocks raised concerns about weakening demand for crude in the world’s biggest oil consumer alongside rising stockpiles. Brent oil futures were down 0.33% to $26.95 by 11:23 PM ET (3:23 AM GMT) and WTI futures were down 0.33% to $59.57. U.S. crude oil […]

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Oil prices slip as pandemic takes toll on India's fuel sales

Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories

March 4, 2021

By Administrator_India Capital Sands Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support alongside a drop in U.S. fuel inventories. Brent crude futures added 27 cents, or 0.4%, to $64.34 a barrel, as of […]

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Gold Up, But Set to Wrap Up Worst Week in Two Months

RBI’s Sovereign Gold bond opens for subscription today

December 28, 2020

By Administrator_India Capital Sands The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to […]

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RBI's Sovereign Gold bond opens for subscription today

Gold Down, with U.S. Vaccine Approval Countering Stimulus Hopes and Weaker Dollar

December 14, 2020

By Administrator_India Capital Sands Gold was down on Monday morning in Asia, with investors retreating from the yellow metal amid positive COVID-19 vaccine news. The increased risk appetite offset support from a weaker dollar and hopes that the U.S. will pass its latest stimulus measures. Gold futures were down 0.22% at $1,839.75 by 11:57 PM […]

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Gold Up Ahead of Fed Policy Decision

September 16, 2020

By Administrator_India Capital Sands The dollar rose during the previous session after a recent weak spell, buoyed by expectations that today’s Federal Reserve meeting will pursue a policy of keeping interest rates low and controlling inflation. The greenback’s fall on Wednesday helped gold pull back some of its lost territory. Other actors influencing the precious metal’s price include […]

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Oil Up, Finishes August Strong Despite Oversupply Fears

August 31, 2020

By Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf […]

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Oil rises on China’s plan to boost US crude imports, OPEC+ compliance

August 18, 2020

By Administrator_India Capital Sands Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations’ trade deal. Brent crude settled up 57 cents, or 1.3%, to $45.87 a barrel, and […]

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Oil Up as Investors Await Thursday’s OPEC+ Production Decision

Oil Retreats Over Waning Confidence in Global Economic Recovery

June 10, 2020

By Administrator_India Capital Sands Oil was down on Wednesday morning in Asia, giving up some of its gains from the previous session. Brent oil futures were down 0.12% to $40.65 by 9:45 PM ET (2:45 AM GMT), giving up its earlier gains. WTI futures slid 1.54% to $38.34. Declining optimism levels over the global economic recovery from the […]

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Oil Up as Investors Await Thursday’s OPEC+ Production Decision

Oil prices inch higher, one-month supply cut extension falls short of market hopes

June 8, 2020

By Administrator_India Capital Sands Oil crept higher on Monday, but gave up big early gains as optimism over major crude producers’ deal to extend record output cuts gave way to disappointment that the accord didn’t extend beyond the end of July. Brent crude LCOc1 had climbed as high as $43.41 a barrel but by 0239 […]

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