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According to Geojit, The southwest monsoon is likely to advance into more parts of Odisha and coastal Andhra Pradesh in the next three to four days, the India Meterological Department said in a note.
Brent crude futures lost 14 cents, or 0.17%, to $82.46 a barrel at 0039 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.2%, to hit $78.34. Both benchmarks had gained about 0.8% in the previous session.
According to Geojit, The southwest monsoon, which advanced to some more parts of Maharashtra and Telangana today, will likely cover more parts of Chhattisgarh and Telangana during the next 48 hours, the India Meteorological Department said on Tuesday.
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Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10.
Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.
According to Geojit, The southwest monsoon, which advanced to some more parts of Maharashtra on Monday, will likely cover some parts of south Gujarat and some more parts of Maharashtra in the next two days, the India Meteorological Department said on Monday.
Brent crude futures and U.S. West Texas Intermediate crude futures slipped 4 cents to $79.58 and $75.49 a barrel, respectively, by 0036 GMT.
The continent hasn’t emerged from its energy crisis yet
According to Geojit, The conditions are favourable for the southwest monsoon to advance to more parts of Maharashtra, including Mumbai, in the next three to four days, the India Meteorological Department said on Thursday.
Brent crude futures rose 16 cents or 0.2% to $80.03 per barrel and U.S. West Texas Intermediate crude futures rose 16 cents or 0.2% to $75.71 as at 0007 GMT.
Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session.
Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT, while U.S. West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43.
According to Geojit, India received 2.4 mm of rainfall on Tuesday, 22% below the average normal rainfall of 3.1 mm, data from the India Meteorological Department showed.
According to Geojit, The southwest monsoon is likely to advance to the remaining parts of Karnataka, Rayalaseema, Telangana, and coastal Andhra Pradesh in the next four to five days, the IMD said on Monday.
Brent crude futures fell 20 cents or 0.3 % $78.16 a barrel. Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday.
According to Geojit, Southwest monsoon is likely to advance to parts of Karnataka, some more areas in Tamil Nadu and the remaining parts of Kerala and Lakshadweep in the next two to three days, the India Meteorological Department said today.
Spot gold was nearly unchanged at $2,322.53 per ounce, as of 0342 GMT. Bullion was up nearly 2% in May.
Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT.
Any unexpected tightening of the job market would shift the scales in favour of higher rates for longer, while moderation may allow the Fed to cut interest rates sooner rather than later.
The fifth-biggest economy has kept key crops like sugar and some major rice varieties off the global markets for more than a year.
Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.
Spot gold was down 0.4% at $2,330.44 per ounce, as of 0311 GMT, after falling 1% on Wednesday.
Brent futures lost 9 cents, or 0.1%, to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was down 3 cents, or 0.04%, to $79.19 at 0046 GMT.
According to Geojit, Conditions are becoming favourable for the onset of southwest monsoon over Kerala, Lakshadweep and northeastern states in the next three to four days, the India Meteorological Department said on Tuesday.
