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Commodities

Commodities

US crude and distillate fuel stocks rose last week while gasoline declined, according to market sources citing American Petroleum Institute figures on Tuesday.

Oil prices drop on rise in US stocks, Brent crude reaches $83.74 per barrel

Nov 03, 2021

Brent crude futures fell by 98 cents, or 1.2%, to $83.74 a barrel by 0034 GMT, while US West Texas Intermediate (WTI) crude futures tumbled by $1.32, or 1.6%, to $82.59 a barrel.

Spot gold fell 0.2% to $1,784.04 per ounce by 0138 GMT. US gold futures dropped 0.2% to $1,785.30

Gold prices fall as investors await US Federal Reserve policy meet outcome

Nov 03, 2021

The Fed is expected to announce its stimulus tapering timeline at 1400 GMT on Wednesday. It is likely to begin paring its monthly asset purchases by $15 billion each month until ending them by mid-2022.

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry

Gold imports soar multi-fold to $24 billion in Apr-Sep

Oct 17, 2021

Gold imports during September this year too rose to $5.11 billion as against $601.4 million in the same month last year.

Gold ETFs are basically exchange-traded funds that invest in gold

Gold ETFs attract Rs 446 crore in Sep; inflow may continue on festive season demand

Oct 17, 2021

Market experts attributed the inflow in September to correction in the price of the yellow metal and onset of the festival season in the country.

Brent crude futures gained 52 cents, or 0.6%, to $83.70 a barrel at 0330 GMT after falling 0.3% on Wednesday

Global oil prices up on bigger-than-expected draw in US fuel stocks; brent crude at $83.70 per barrel

Oct 14, 2021

Prices were also buoyed by expectations that soaring natural gas prices as winter approaches will drive a switch to oil to meet heating demand.

US West Texas Intermediate (WTI) crude futures dropped 9 cents, or 0.1%, to $75.36 a barrel, having risen 2% and hitting its highest since July the previous day.

Oil prices drop after 5-day rally, Brent crude at $79.36 per barrel

Sep 28, 2021

Brent crude futures fell 17 cents, or 0.2%, to $79.36 a barrel after surging 1.8% and reaching its highest since October 2018 on Monday

U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 1.1%, to $71.24 a barrel at 0131 GMT, adding to a 35 cent gain from Tuesday.

Oil prices rise on decline in US crude stocks; Brent reaches $75.04 per barrel

Sep 22, 2021

U.S. crude stocks fell by 6.1 million barrels for the week ended Sept. 17, market sources said, citing figures from the American Petroleum Institute on Tuesday

 * Spot gold was flat at $1,775.63 per ounce, as of 0120 GMT, while U.S. gold futures dipped 0.1% to $1,776.30.

Gold prices flat due to uncertainties on China's Evergrande, Fed policy decision

Sep 22, 2021

While gold is considered as a hedge against inflation and currency debasement amid widespread stimulus, a hawkish move by the Fed would diminish gold's appeal. An eventual interest rate hike would also raise the opportunity cost of holding the non-interest bearing asset

Spot gold dipped 0.1% to $1,752.66 per ounce by 0050 GMT

Gold down on dollar strength, Fed meet in focus

Sep 20, 2021

Bullion is viewed as a hedge against the inflation and currency debasement likely from the widespread stimulus. The Fed's tapering could tackle both those conditions, diminishing gold's appeal

Spot gold was down 0.1% at $1,790.42 per ounce by 0424 GMT, while U.S. gold futures eased 0.1% to $1,791.70.

Gold prices drop as investors await clues on US central bank's move

Sep 16, 2021

The Federal Open Market Committee's two-day policy meeting is due on September 21-22, where the US central bank is expected to provide guidance on when it will start withdrawing its asset purchases and on eventual interest rate hike

Brent crude was up 48 cents, or 0.7%, at $73.99 a barrel at 0651 GTM, having risen as high as $74.18 earlier.

Oil prices reach 6-week high on fear of supply disruptions from storm Nicholas

Sep 14, 2021

Oil prices rallied for a third straight session, with Brent crude hitting the highest since Aug. 2 earlier in the session.