commodities news

Oil edges higher, holding to gains made on signs of tighter supply

U.S. West Texas Intermediate crude futures (WTI) rose 17 cents to $78.08 a barrel for the prompt month. The May contract gained 14 cents to $77.45 a barrel by 0150 GMT.

Live: Natural gas production in US at near record levels | Commodities Corner

Natural Gas Prices Rise As Colder Weather Forecasts Increase Heating Demand. Upside remains limited due to record-high domestic natural gas production in US. Robust production has kept inventories well-supplied. Catch Manisha Gupta in conversation with Kunal Shah, Head of research commodities, Nirmal bang

Agri Picks Report February 21, 2024: Geojit

According to Geojit, India's spices exports during Apr-Nov rose 6.1% on year to 953,303 tn, according to data from the Spices Board India. In terms of value, exports for the period rose 3.8% to $2.68 bln from $2.58 bln a year ago.

Oil rises; markets weigh Red Sea attacks, US rate cuts

Brent crude futures rose 12 cents, or 0.15%, to $82.46 a barrel by 0100 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 9 cents, or 0.12% at $77.13.

Market Live: Looming demand weakness keeps oil prices under pressure | Commodities Corner

Edible oil prices are under pressure due to weak China demand and favorable weather in Argentina and Brazil, Soyabean & Sunflower oil trade at discount for 1st time in an year. Catch Manisha Gupta in conversation with Dr. B.V. Mehta, the Executive Director of The Solvent Extractors' Association of India.

Agri Picks Report February 20, 2024: Geojit

According to Geojit, Mills in the country produced 22.37 mln tn of sugar from Oct 1, 2023, till Feb 15, 2.5% lower than the corresponding period a year ago, the Indian Sugar & Bio-energy Manufacturers Association said in a press release today.

Market Live: Explaining bitcoin's rally: What’s causing the crypto surge? | Commodities Corner

The cryptocurrency market observed a strong recovery in the year 2023 after it witnessed a slight downside due to the global macroeconomic situations and inflation data. Bitcoin trades above $52,000 and hit all time high of $69,000 in November 2021. Catch Manisha Gupta in conversation with Ashish Singhal, Co-founder of Coinswitch, to discuss the cause of this Crypto surge.

Agri Picks Report February 19, 2024: Geojit

According to Geojit, Farmers in Gujarat have sown crops across 14,651 ha for the 2023-24 summer season as of Monday, according to data released by the state agriculture department.

Oil down in thin trade as US gears up for Presidents' Day

Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT.

Commodities zoom in on FOMC minutes, Fed speeches, Flash PMI numbers this week

The minutes of the January FOMC meeting may provide further insights into why Fed officials are not confident enough to initiate policy easing in Q1 2024, as markets had previously anticipated.

Rising olive oil prices throw light on the plight of farmers in war-torn Palestine

Olive oil's rising prices: Drought in Spain and cutting of olive trees in Gaza are contributing to the global price rise. Beyond the economics, though, it is the story of the olive farmer in the West Bank that is most poignant. For many of them olive oil harvesting is the only source of income and a bond with their antiquity.

LIVE: Sugar prices down 5% this week | Are we staring at a sugar deficit? | Commodities Corner

Sugar prices may have seen a 10% uptick in 2024 till date however, the last week has seen a 5% slump in sugar prices. What's causing this pain. While India is the 2nd largest producer of Sugar and is likely to drive growth, it is not included in the global market. Manisha Gupta discusses the prospects of sugar prices going ahead with Rahil Shaikh MD, MEIR Commodities on Commodities Corner

Oil prices roughly flat as unclear demand scenario weighed

Brent crude futures dropped 11 cents, or 0.1%, to $82.75 a barrel at 0131 GMT. U.S. West Texas Intermediate crude futures rose 1 cent to $78.04 a barrel.

Live: Strong dollar & CPI data has put pressure on metal prices | Gold trades below $2,000/oz

Concerns that rate cuts could be delayed has come to haunt metal traders, as most base and precious metals trade at the lower range. Funds show that there is only a 40% probability that fed will cut rates in May.- Metals have got hammered since, Copper prices down 5.5% vs Jan 31 highs. Aluminium prices down 4.8% in 2024 till date. While Gold trades at 2 month lows & silve is down 5% in 2024. Watch Manisha Gupta discuss whats concerning metal prices with Kunal Shah, Head of Research Commodities, Nirmal Bang on Commodities Corner

Oil slips after large US crude stock build

Brent crude futures fell 34 cents, or 0.4%, to $81.26 a barrel at 0135 GMT, while U.S. West Texas Intermediate crude futures declined 36 cents, or 0.5%, to $76.28 a barrel.

Agri Picks Report February 14, 2024: Geojit

According to Geojit, The area under summer crops in Karnataka fell 57.7% on year to 137,000 ha in the current season as of Monday, according to the state agriculture department's report.

Oil prices fall on sticky inflation, bigger-than-expected US crude stock build

Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.

Agri Picks Report February 13, 2024: Geojit

According to Geojit, India's vegetable oil imports fell 28% on year to 1.2 mln tn in January from 1.6 mln tn last year, the Solvent Extractors' Association of India said today.

Oil prices near flat as demand worries offset Middle East risk

Brent futures edged 1 cent lower $81.99 a barrel. U.S. West Texas Intermediate (WTI) crude rose 1 cent to $76.93 a barrel.

Agri Picks Report February 12, 2024: Geojit

According to Geojit, The National Commodity and Derivatives Exchange is considering launching options on futures in a few spices and other commodities.

Oil starts week lower after Israel says 'concluded' Gaza strikes

Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

Commodity markets to focus on US CPI, retail sales data next week; metals may remain subdued given holiday in China

LME base metals faced challenges amid persistent deflation pressures in China and a regional increase in inventories ahead of China's Lunar New Year holiday.

Oil edges up with slim progress in Gaza peace talks

Brent crude futures were up 22 cents, or 0.28%, at $79.43 a barrel at 0132 GMT. U.S. West Texas Intermediate crude futures rose 19 cents, or 0.26% to $74.05 a barrel.

Agri Picks Report February 07, 2024: Geojit

According to Geojit, The area under rabi crops in Telangana was 4.93 mln acres (1 acre = 0.40 ha) as of Wednesday, 13.4% lower than 5.70 mln acres a year ago, according to data from the state government.