Ahmedabad, 20 April ENERGY International and domestic crude oil futures extended losses on Wednesday weighed down by concerns that higher interest rates could dampen global economic growth and future energy demand. Additionally, the dollar settled higher on Wednesday and kept upside capped. Meanwhile, the latest EIA report showed crude oil stocks in the US fell…
Ahmedabad, 19 April ENERGY: The range for NYMEX WTI May futures is $79.15 to $82.35, while that for MCX April crude futures is 6,505 to 6,775 International crude oil futures settled little change on Tuesday’s session as strong China data offsets US rate worries. Prices also found support after data showed oil inventories fell more…
Ahmedabad, 17 April ENERGY International and domestic crude oil futures gained on Friday after IEA said that global demand will hit a record high this year on the back of a recovery in Chinese consumption. IEA forecasted in their monthly report record demand in 2023 of 101.9 million barrels per day (bpd), up 2 million…
અમદાવાદ, 14 એપ્રિલ: સ્થાનિક બજારમાં અમદાવાદ ખાતે સોનું પ્રતિ 10 ગ્રામ રૂ.500 વધી રૂ.63000ની ઓલટાઇમ હાઇ સપાટી પર પહોચ્યું છે જ્યારે ચાંદીમાં પ્રતિ કિલોગ્રામ રૂ.500ની ઝડપી તેજી સાથે રૂ.76000 કુદાવી રૂ.76500 બોલાઇ ગઇ છે. એપ્રિલ માસમાં સોનામાં રૂ.1500 અને ચાંદીમાં રૂ.4500ની આક્રમક તેજી જોવા મળી છે. ઇન્ટરનેશનલ માર્કેટમાં પણ ઔંશદીઠ સોનું ઝડપી 2050 ડોલર અને…
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 Thursday on a rise in U.S….
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 raised their net long U.S. crude…
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. • Adding to the bearishness…
ENERGY • International crude prices fell on Tuesday as lingering concerns about a recession-driven demand downturn offset prospects of tighter global supplies. • Domestic futures also ended weaker on Tuesday’s trade tracking weak global markets. • The Dollar also ended with gains on Tuesday and weighed on prices. • Furthermore, U.S. crude stockpiles have grown…
