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Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16.
Spot gold was up 0.2% at $2,473.87 per ounce, as of 0250 GMT, after hitting a record peak of $2,482.29. U.S. gold futures gained 0.3% to $2,475.80.
Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel by 0010 GMT. U.S. West Texas Intermediate crude futures were also 11 cents, or 0.1%, lower at $80.65 a barrel.
According to Geojit, The US Department of Agriculture has raised its monthly estimate for global oilseed output for 2024-25 (May-Apr) to 686.10 mln tn from 685.81 mln tn forecast in June.
According to Geojit, The weighted average rainfall across the country today was 4.6 mm, 51% below the normal rainfall of 9.5 mm for Thursday, India Meteorological Department said.
Spot gold eased 0.1% at $2,409.54 per ounce, as of 0250 GMT. U.S. gold futures fell 0.2% at $2,414.70.
Brent crude futures fell 55 cents, or 0.7%, to $84.48 a barrel by 0109 GMT after settling down 37 cents on Friday.
Commodity traders will look for cues related to property crisis and consumer spending in the China's key political gathering next week.
According to Geojit, The weighted average rainfall across the country today was 4.6 mm, 51% below the normal rainfall of 9.5 mm for Thursday, India Meteorological Department said.
Spot gold fell 0.2% at $2,408.70 per ounce, as of 0148 GMT after rising 2% on Thursday.
Brent crude futures rose 37 cents, or 0.4%, to $85.77 a barrel by 0031 GMT. U.S. West Texas Intermediate crude futures rose 50 cents, or 0.6%, to $83.12 a barrel.
According to Geojit, Production of crude palm oil in Malaysia fell 5.2% on month to 1.61 mln tn in June, according to preliminary data from the Malaysian Palm Oil Board.
Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel.
According to Geojit, The area under kharif crops in Maharashtra rose 171% on year to 11.1 mln ha as of Monday, according to the state agriculture department.
Spot gold rose 0.2% to $2,367.79 per ounce by 0229 GMT. U.S. gold futures climbed 0.3% to $2,374.10.
Brent futures rose 21 cents to $84.87 a barrel by 0055 GMT, after falling 1.3% in the previous session.
According to Geojit, Farmers across the country have sown kharif crops over 37.9 mln ha as of Monday, up 14% from a year ago, data from the farm ministry showed.
Spot gold was up 0.1% at $2,361.77 per ounce, as of 0208 GMT, after falling more than 1% on Monday. U.S. gold futures firmed 0.3% to $2,369.70.
Oil prices were little changed early on Tuesday after a hurricane that hit a key U.S. oil producing hub in Texas caused less damage than expected. Brent futures fell 4 cents to $85.71 a barrel by 0113 GMT, while U.S. West Texas Intermediate (WTI) crude fell 5 cents to $82.28. Although oil refining activity slowed and some production sites were evacuated, major refineries along the U.S. Gulf Coast appeared to see minimal impacts from Hurricane Beryl, which weakened into a tropical storm after hitting the Texas coast. That eased market worries about the risk of supply disruptions in Texas, where 40% of U.S. crude oil is produced. Major oil-shipping ports around Corpus Christi, Galveston and Houston had been shut ahead of the storm. The Corpus Christi Ship Channel reopened on Monday and the Port of Houston was projected to resume operations on Tuesday afternoon. Market participants are also keeping an eye on the situation in the Middle East for more trading cues. Oil prices settled down 1% on Monday amid hopes a possible ceasefire deal in Gaza could reduce worries about global crude supply disruptions. Senior U.S. officials were in Egypt for talks on Monday, but gaps remained between the two sides, the White House said, and Hamas said a new Israeli push into Gaza threatened the potential agreement. Hamas last week had dropped a demand for Israel to commit to a permanent ceasefire, which Israelis said opened the way for a deal.
According to Geojit, The UN Food and Agriculture Organization's food price index was steady on month at 120.6 points in June as the increase in price indices for vegetable oils, sugar, and dairy products balanced out a decrease in the price index for cereals, while the meat index was almost unchanged.
Spot gold was down 0.2% at $2,385.88 per ounce, as of 0235 GMT, after rising to its highest level since May 22 on Friday. U.S. gold futures eased 0.1% to $2,394.50.
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday.
Fed Chair Powell's testimony will be closely watched, although it's unlikely he will provide hints on the monetary policy outlook.
According to Geojit, Kharif sowing in Karnataka surged 218% on year to 4.2 mln ha as of Friday, according to state government sowing data.
Brent crude futures, which have risen 7% over the last four weeks, slipped 2 cents to $87.41 a barrel by 0143 GMT.
