Oil rises on weak dollar, but bloated supply still weighs

By Henning Gloystein

SINGAPORE  - Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market.

Prices for front-month Brent crude futures, the international benchmark for oil, had gained 18 cents from

Lead futures drop on subdued physical demand

Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators cut down their positions in the industrial metal amid subdued physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At th

Muted physical demand bites aluminium futures

Aluminium futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amid diminishing physical demand for aluminium at the domestic spot market.

Further, sluggish physical demand for aluminium at the domestic spot market was due to cut down of positions by traders in the spot markets, influe

Mentha oil futures little changed on uptick in demand

Mentha oil futures were little changed during morning trade in the domestic market on Tuesday as investors and speculators indulged in building up fresh bets in the agri-commodity amid increase in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, widening of positions by traders in the spot market was led by a surge in physical demand

Sluggish demand drags down cardamom futures by 1.21%

Cardamom futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic c

The DNA of oil wells - U.S. shale enlists genetics to boost output

By Ernest Scheyder

HOUSTON - A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world's top exporters.

Shale producers have slashed production costs as much as 50 percent over two years, wag

Ban on bulk export of certain edible oils lifted

The Central government on Monday lifted the ban on the export of groundnut oil, soyabean oil, sesame oil and maize oil in bulk quantities, an official statement said.

Earlier, there was restriction on the bulk export of these edible oils and it was only permitted in branded consumer pack of 5 kgs.

"Export of groundnut oil, sesame oil, soyabean oil, and maize (corn) oil

Gold steady, investors focus on Trump agenda

By Arpan Varghese

Gold prices held steady on Tuesday as investors looked to see if U.S. President Donald Trump would be able to enact promised tax cuts and infrastructure spending, with the dollar drifting slightly higher off of multi-month lows.

Spot gold was mostly unchanged at $1,253.83 per ounce at 0557 GMT, after touching its highest in a month at $1,261.03 the day befo

Oil lower again on doubts over duration of output cut

By David Gaffen

NEW YORK  - Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an OPEC-led output cut beyond the end of June in an effort to reduce a global glut of crude.

On Sunday, a committee of ministers from OPEC and outside producers agreed to look at prolonging the deal, stopping short of an ear

Silver shines as dollar hurt on Trump's healthcare defeat

Silver futures were trading higher during evening trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal buoyed by safe-haven demand on weakness in the US dollar as traders weighed down US President Trump's defeat over passing healthcare reform, raised doubts over his ability to push through his economic agenda.

Trump suf

QIA chief says he's 'absolutely' confident in Rosneft investment

LONDON  - Qatar is "absolutely" confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar's sovereign wealth fund said on Monday, speaking to Reuters on the sidelines of an investment conference in London.

Qatar Investment Authority and commodities trader Glencore paid $10.8 billion for a 19.5 percent stake i

Gold glitters as dollar hurt on Donald Trump's healthcare defeat

Gold futures were trading higher during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal buoyed by safe-haven demand on weakness in the US dollar as traders weighed down US President Trump's defeat over passing healthcare reform, raised doubts over his ability to push through his economic agenda.

Trump suf

Crude oil futures in reverse gear

Crude oil futures plunged over 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the energy commodity weighed down by rising US drilling activity.

However, talks between the OPEC and other producers over the weekend aimed at extending a production cut beyond the middle of 2017 to prop up the market, restricted fur

Oil slips towards $50 on doubts over output-cut extension

By Alex Lawler

LONDON - Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.

A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal, stopping short of an earlier draft statement t

Sluggish demand drags down lead futures by 1.53%

Lead futures fell over 1 per cent during morning trade in the domestic market on Monday as investors and speculators cut down their positions in the industrial metal amid subdued physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures t

Subdued physical demand bites aluminium futures

Aluminium futures were trading lower during morning trade in the domestic market on Monday as investors and speculators trimmed their bets in the industrial metal amid diminishing physical demand for aluminium at the domestic spot market.

Further, sluggish physical demand for aluminium at the domestic spot market was due to cut down of positions by traders in the spot markets, influen

Mentha oil futures little changed as demand picks up

Mentha oil futures were little changed during morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh bets in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, widening of positions by traders in the spot market was led by a surge in physical demand for

Muted physical demand bites cardamom

Cardamom futures were trading lower during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downwardtrend in the domestic cardamom pric

Oil falls on rising U.S. drilling, uncertainty of OPEC-led cut extension

By Henning Gloystein

SINGAPORE  - Oil prices fell on Monday, pulled down by rising U.S. drilling activity and by doubts whether an OPEC-led production cut initially due to end in mid-2017 would be extended.

Benchmark Brent crude futures  fell by 33 cents, or 0.65 percent, from their last close to $50.47 per barrel by 0653 GMT.

In the Unit

Gold hits 1-mth top after Trump doubts knock dollar and shares

By Marcy Nicholson and Jan Harvey

NEW YORK/LONDON  - Gold rallied more than 1 percent on Monday after U.S. President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans.

That knocked the dollar  to a four-month low versus a basket of curre

China Jan-Feb industrial profits surge most in nearly 6 years as commodities rally

BEIJING - Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of commodities from coal to iron ore raced higher.

Stronger earnings could give a further boost to fixed-asset investment, which quickened early in the year, and give China's "smokestack" industries mor

Copper futures in reverse gear

Copper futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal as supply concerns ease after striking union members agreeing to return to work at Escondida, the world's top copper mine, in Chile.

The prices of copper were dragged down after the strike at Escondida copper mine in

Yellow metal loses shine as markets await US healthcare vote

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued safe-haven demand on firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to tr

Crude oil futures little changed as Saudis cut supplies to US

Crude oil futures were little changed during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity helped by a slide in Saudi exports to the US, however, overall markets remained under pressure as world market flooded with fuel.

Further, the prices of crude oil rose after a report that Saudi Arabia's crude ex

Gold edges down on firmer dollar, palladium hits two-year peak

By Devika Krishna Kumar and Eric Onstad

NEW YORK/LONDON  - Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector.

Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 p.m. EDT (1821 GMT), retreating from an intraday peak of $1,253.12, its highes