By Administrator_India Capital Sands Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world’s third biggest oil importer. Brent crude futures for June fell 52 cents, or 0.8%, to $66.05 a barrel at 0157 GMT, after dropping 48 cents on Tuesday. […]
By Administrator_India Capital Sands Gold prices sank more than 1% on Monday, breaking new ground lower after a week of sideways trading, as market participants tried to suss out a clear direction for the yellow metal amid climbing yields and the dollar. Gold for April delivery was Friday’s session settled down $20.10, or 1.2%, at $1,712.20 […]
By Administrator_India Capital Sands Oil was up Monday morning in Asia, with a reported attack on Saudi Arabia oil facilities giving the black liquid a boost. Brent futures remained above the $70 mark that was reached for the first time since the start of the COVID-19 pandemic a year ago, and WTI futures were at their […]
By Administrator_India Capital Sands Gold steadied as investors awaited commentary from Treasury Secretary nominee Janet Yellen on the dollar and stimulus when she testifies on Capitol Hill a day ahead of Joe Biden’s inauguration as president. Yellen’s Senate confirmation hearing is likely to feature foreign-exchange policy, and will also serve as the first congressional forum […]
By Administrator_India Capital Sands Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion. Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.96 by […]
By Administrator_India Capital Sands Oil prices edged lower on Wednesday on concerns over an unexpected jump in U.S. oil inventories last week, but positive news on COVID-19 vaccines lifted investors hopes for a recovery in fuel demand, capping losses. Brent crude futures slipped 13 cents, or 0.3%, to $48.71 a barrel by 0151 GMT, having […]
BY Administrator_India Capital Sands Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand. Opening trading for December Brent crude was down 20 cents, or 0.4% at $47.68 a barrel by 0136 […]
By Administrator_India Capital Sands Oil prices edged higher on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine. Brent crude futures for January rose 16 cents, or 0.4%, to $43.98 a barrel by 0104 GMT and […]
By Administrator_ India Capital Sands Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield. The return of supply comes as resurgent COVID-19 infections in […]
By Administrator_ India Capital Sands U.S. oil stockpiles rose last week, renewing worries that the recovery in demand is under threat at a time when the second wave of Covid-19 is gathering steam.d U.S. crude inventories rose by 691,000 barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of […]