Wednesday, 21 November 2018

India's Crude Oil Imports Rise To Highest Level In At Least 7 Years

India's crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday.
Crude imports in October climbed 10.5 percent from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 20 November 2018

Crude Oil Treads Water Amid Expected OPEC Cuts, Gloomy Economic Outlook

Oil prices were held in check on Tuesday as expectations of an OPEC-led supply cut supported the market but were countered by a deteriorating economic outlook, as well as a surge in U.S. production. U.S. West Texas Intermediate (WTI) crude futures, were at $57.14 per barrel at 0250 GMT, 6 cents below their last settlement. Front-month Brent crude oil futures were at $66.75 a barrel, down 4 cents from their last close. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 19 November 2018

Gold Rates Steady, Oil Prices Gain 1%

Global gold prices were steady, with the dollar subdued following comments from U.S. Federal Reserve officials that were cautious on global economic growth. Spot gold was up about 0.1% at $1,222.14 per ounce, while U.S. gold futures were flat at $1,222.8 per ounce. 
Oil prices rose around 1% as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end. Front-month Brent crude oil futures were at $67.29 per barrel, up 53 cents, or 0.8%, from their last close. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 16 November 2018

Crude Oil Prices Stable On Expected OPEC Cuts, But Surging US Supply Drags

Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.5/ per barrel at 0132 GMT, up 12 cents from their last settlement. Brent crude oil futures were up 7 cents at $66.69 a barrel. Prices were mainly supported by expectations the Organization of the Petroleum Exporting Countries (OPEC) would start withholding supply soon, fearing a renewed rout such as in 2014 when prices crashed under the weight of oversupply. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 14 November 2018

Gold Rate Today: Gold Futures Weaken By Rs 86/ 10 Grams

Gold prices were down by Rs 86 to Rs 30,960 per 10 grams in futures trade Wednesday as speculators reduced exposure despite a firm trend in the precious metal overseas. At the Multi Commodity Exchange, gold for delivery in far-month February traded lower by Rs 86, or 0.28 per cent, to Rs 30,960 per 10 grams in a business turnover of 11 lots. The gold for delivery in December, too, fell by Rs 84, or 0.27 per cent to Rs 30,685 per 10 grams in 172 lots. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 13 November 2018

Gold Prices Inch Up After Hitting 1-Month Low

Gold prices edged higher on Tuesday, as investors looked for bargains after the metal fell to a more than one-month low on a stronger US dollar. Spot gold was up 0.2 per cent at $1,202.99 per ounce at 0125 GMT, having touched their lowest since Oct. 11 at $1,199.72 earlier in the session. 
Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid political risks in Europe and acrimonious Sino-US trade relations. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 12 November 2018

Oil Prices Climb After 10 Days Of Losses

Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year. While futures in New York climbed as much as 1.3 percent on Monday, they are still down about 20 percent from a 2014-high reached early last month. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961