Ahmedabad, 13 April ENERGY International and domestic crude oil futures extended gains on Wednesday as easing inflation boosted hopes that the Fed may be nearing its end to the rate hike cycle. The Dollar too remained weak after the data and lent support. Prices initially fell after data showed crudeContinue Reading
Ahmedabad, 11 April ENERGY International and domestic crude oil futures settled lower on Monday as concern about further interest rate hikes that could curb demand outdid the prospect of a tighter market due to supply cuts from OPEC+ producers. The U.S. Dollar also rebounded on Monday’s session and kept upsideContinue Reading
Ahmedabad, 29 March ENERGY International crude oil futures gained on Tuesday on supply disruption risks from Iraqi Kurdistan and hopes that banking sector turmoil is contained. The Dollar extended losses on Tuesday and also lent support to oil. Domestic crude oil futures also rose over 1% tracking overseas prices, butContinue Reading
નવી દિલ્હી, 28મી માર્ચ: ભારતીય હીરા ઉદ્યોગે ભારત ડાયમંડ બોર્સ (BDB) ખાતે G20 ટ્રેડ એન્ડ ઇન્વેસ્ટમેન્ટ વર્કિંગ ગ્રૂપ (TIWG)ના પ્રતિનિધિઓની મુલાકાતનું આયોજન કર્યું હતું. G20 ટ્રેડ એન્ડ ઇન્વેસ્ટમેન્ટ વર્કિંગ ગ્રૂપના પ્રતિનિધિઓને મુંબઈ ડાયમંડ મર્ચન્ટ્સ એસોસિએશન (MDMA), ઈન્ડિયા ડાયમંડ ટ્રેડિંગ સેન્ટર (IDTC), જેમ એન્ડ જ્વેલરી એક્સપોર્ટ પ્રમોશન કાઉન્સિલ (GJEPC)ની ઓફિસો સહિતContinue Reading
(27/3/2023) ENERGY International and domestic crude oil futures ended weaker on Friday on worries over European banks and after U.S. Energy Secretary said refilling the country’s Strategic Petroleum Reserves may take several years, dulling demand. • Data from Baker Hughes showed U.S. oil rigs rose 4 units to 593 lastContinue Reading
ENERGY International and domestic crude oil futures ended weaker reversing early gains. Limiting downside, gasoline futures hit a 10-day high on Thursday after the U.S. EIA said stockpiles of the product fell last week by the most since September 2021. U.S. NYMEX Gas and domestic futures extended losses on ThursdayContinue Reading
ENERGY International and domestic crude oil futures settled lower Friday, reversing early gains as banking sector crisis could lead to a recession in turn denting demand. Meanwhile, downside was capped amid supply concerns and oil rigs fell by 1 unit to 589 last week. Data from CFTC showed speculators raisedContinue Reading
ENERGY International and domestic crude oil futures tumbled on Wednesday’s trade on concerns that a crisis in the banking sector could trigger a recession and cut demand. • NYMEX WTI fell over 5%, Brent crude oil prices tumbled over 4%, while domestic crude oil futures fell over 7% on Wednesday.Continue Reading