Jan 21, 2011 07:52 AM IST
Crude prices tumbled nearly 2% on worries that China may raise interest rates to combat inflation and unexpected rise in US crude stockpiles. It is trading at USD 89.52 per barrel.
- Jan 20, 2011 08:07 AM IST
Weak US markets weighed on commodities. US housing starts fell 4.3% on month-on-month basis. Dollar Index was supportive yesterday, which was down further 0.5%.
- Jan 20, 2011 07:54 AM IST
Oil reversed earlier gains falling to a 1-week low on the back of declining US housing starts. Crude currently stands below the USD 91 dollar per barrel mark.
- Jan 19, 2011 01:57 PM IST
In an interview with CNBC-TV18's Latha Venkatesh, Vikram Murarka, Chief Currency Strategist at Kshitij.com spoke about the globally weakening dollar and the risks that are arising in the currency market.
- Jan 19, 2011 12:05 PM IST
N Prasad, CEO, Safetrade Advisors told CNBC-TV18 that gold is in a temporary bounceback sitution from the last two three days internationally.
- Jan 17, 2011 10:31 AM IST
CNBC-TV18’s Managing Editor Udayan Mukherjee sees some relief coming in for oil marketing companies after petrol prices went up.
- Jan 17, 2011 08:00 AM IST
Global oil prices have risen too high, too quickly but increased OPEC output will not stem the rise as the climb is driven by demand, the chief executive of French oil major Total said on Sunday.
- Jan 17, 2011 07:57 AM IST
CRB Commodity Index ended flat on Friday; was up by 2.8% for the week. US macro data was mixed and China raised banks' reserve requirement ratio by 50 bps again.
- Jan 16, 2011 02:17 PM IST
Iran's oil minister said on Sunday that USD 100 for a barrel of crude was appropriate and there was no need to hold an emergency OPEC meeting to discuss the price.
- Jan 13, 2011 07:47 AM IST
In commodities- crude continued to gain. Production shutdowns, falling US inventories and growing demand sent oil to multi-year highs and closer to the USD 100 a barrel mark.
- Jan 12, 2011 12:41 PM IST
Brent crude prices stayed near USD 98 on Wednesday, the highest level since October 2008, as production shutdowns in Norway and Alaska raised expectations of an accelerated tightening of supplies in Atlantic basin, Middle East and Asia-Pacific oil markets.
- Jan 12, 2011 12:27 PM IST
In an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, Ram Pitre of ITI says crude is likely to test again at USD 92 a barrel. He expects some pressure on gold if the Dollar Index corrects, though today he maintains a buy call.
- Jan 12, 2011 08:11 AM IST
Commodities bounced back on Tuesday. CRB Index gained 1.4% - biggest gain in the last 2 weeks.
- Jan 12, 2011 07:53 AM IST
Oil prices jumped 2% above the USD 91 mark as 2 other oil fields in the north sea were shut thus increasing supply concerns for the market.
- Jan 11, 2011 04:40 PM IST
In an exclusive interview with CNBC-TV18, Shreekant Jha of PJ Commodity Ventures says that he sees commodities in a side to upward trend. He sees gold to rise to Rs 22,000 and expects crude to run up to USD 140 during the year.
- Jan 11, 2011 08:00 AM IST
Portugal debt concerns aided precious metals. Physical demand from India supported gold prices. Copper continued to decline.
- Jan 07, 2011 01:09 PM IST
The decision on diesel decontrol has been long standing. Kirit Parikh, Member, Planning Commission, Government of India said it was not possible to hike diesel prices now, when inflation figures are at an all time high.
- Jan 07, 2011 09:16 AM IST
We are in the last trading day of what has been a sticky week for the market, at best, lots of hopes at the start of the year that we might continue the late rally of December but the first week of 2011 has not been great at all for the stock market.
- Jan 06, 2011 01:59 PM IST
In an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, Ram Pitre of ITI says that he see gold trading at USD 1361-1386 per ounce in the international market. He maintains buy on dips strategy for gold and is bearish on crude.
- Jan 06, 2011 08:10 AM IST
CRB Index gained 0.5%. Upmove in CRB was restricted by dollar strength. Crude oil prices turned back above USD 90/barrel.
- Jan 06, 2011 07:46 AM IST
Crude prices bounced back above ninety dollars a barrel as unexpectedly big gains in US private sector jobs spurred optimism the economy was recovering at a faster pace.
- Jan 05, 2011 05:30 PM IST
T Gnanasekar of Commtrendz Research and Fund Management advises selling gold on rallies. He is bullish on crude.
- Jan 05, 2011 07:52 AM IST
Crude lost 2.5% and was down to USD 89/barrel. Crude fell despite bullish inventory data. It is currently trading at USD 89 a barrel.
- Jan 04, 2011 10:39 AM IST
Oil slipped from the highest price levels in more than two years on Tuesday on expectations that fuel demand will ease after the approaching peak of the Northern Hemisphere heating season, slowing the drain of US stockpiles.
- Jan 04, 2011 08:31 AM IST
Crude saw an intraday high of USD 92.58/barrel on Monday, highest level since October 2008. API inventory report will be announced today. Currently it is trading at USD 91.5 a barrel.