Commodities

Oil Prices Ignite Amid Geopolitical Flames and Market Tremor

Key Points Oil prices jumped over 3% due to escalated Middle East tensions and U.S. fuel stock declines. U.S. Energy…

3 months ago

Navigating Global Commodities Turmoil

Citi revises Brent crude price forecasts for 2024 and 2025 due to oversupply, setting 2024 expectations at $74 per barrel​.…

3 months ago

Oil Prices Dip by 0.6% Amidst Geopolitical Easing

Key Points Geopolitical tensions from the Israel-Hamas conflict drove oil prices to a 6% increase last week. Brent crude futures…

3 months ago

Navigating Through Weak Demand and Supply Gluts

At A Glance Weak demand should suppress base metal prices; copper and aluminium may see modest gains. Nickel should slump…

3 months ago

OPEC+ Slashes Crude Output by 340k b/d January 24

Key Points January 2024 witnessed OPEC+ crude output fall by 340,000 barrels per day (b/d), the largest decline in six…

3 months ago

Gold Drops 0.1% to Rs 62,460, Silver Falls 0.28%

Key Points MCX Gold futures for April experienced a slight decline of 0.1%, closing at Rs 62,460 per 10 grams.…

3 months ago

Ag Economy Barometer Falls to 106 in January 2024

Key Points The Ag Economy Barometer dropped to 106, indicating a decrease in farmer sentiment. Lower commodity prices and farm…

3 months ago

From Oil Optimism to Base Metal Cautions

As of February 5, 2024, the commodities market is witnessing notable changes driven by global economic trends, investor sentiment, and…

3 months ago

Oil Prices Sway: Brent Crude Up 0.1% to $77.43

Key Points Brent crude futures see a slight increase, reaching $77.43 a barrel by 1420 GMT on February 5, 2024.…

3 months ago

Drop in Oil Prices Towards 77 Dollars

The global oil market has recently witnessed a significant shift as prices approach the $77 per barrel mark. This decline…

3 months ago

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