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Oil holds near multi-year highs amid demand recovery

TOKYO: Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $ 72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $ 73.09 on Friday. […]

Oil hits multi-year highs in third weekly gain on demand recovery

NEW YORK: Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs. Brent crude futures settled at $ 72.69 a barrel, rising 17 cents after reaching their highest since May 2019. For the […]

Commodity strategies: Gold, silver, crude, base metals

By Tapan Patel Commodity prices traded mixed on Friday, after trading firm in the previous session. On Thursday, bullion prices traded higher on inflation worries and a weaker dollar. Base metals kept to a range-bound trading with a bearish bias on mixed global cues post the US data on inflation. Crude oil prices traded higher […]

Refined soya oil futures fall on low demand

NEW DELHI: Refined soya oil prices on Friday fell Rs 25.6 to Rs 1,343.9 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in June declined by Rs 25.6, or 1.87 per cent, to Rs 1,343.9 […]

Soybean futures slip on muted demand

NEW DELHI: Soybean prices on Friday fell by Rs 29 to Rs 7,163 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for June delivery fell Rs 29, or 0.4 per cent, to Rs 7,163 per quintal with an open […]

Copper futures rise on spot demand

NEW DELHI: Copper prices on Friday traded up by 1.31 per cent at Rs 747.75 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 9.65, or 1.31 per cent, at Rs 747.75 per […]

Nickel futures rise on firm spot demand

NEW DELHI: Nickel prices were up 0.96 per cent to Rs 1,343.20 per kg in the futures trade on Friday, as speculators built up fresh positions on rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the June delivery gained Rs 12.80, or 0.96 per cent, to […]

Zinc futures up on spot demand

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Aluminium futures up on spot demand

NEW DELHI: Aluminium prices rose 0.87 per cent to Rs 196.95 per kg in the futures trade on Friday, as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the June delivery gained Rs 1.70, or 0.87 per cent, to Rs 196.95 per […]