Commodity

News

Date Heading Details
08-Dec-2021   08:15 Hrs IST Crude oil futures end higher on rising optimism about outlook for energy demand <p align="justify">Crude oil futures ended higher on Tuesday, magnifying their previous session's rally, on rising optimism about the outlook for energy demand. Reports said that the Omicron variant of the coronavirus is unlikely to impact the global economic recovery has raised hopes about strong demand for oil. A South African health official reportedly said over the weekend that Omicron cases in South Africa had shown only mild symptoms. Top US infectious disease expert Anthony Fauci also commented that there did not appear to be a great degree of severity with the variant so far. Besides, oil prices also got a lift following the delay in the return of Iranian oil into the market as indirect nuclear talks between the US and Iran have failed so far.</p><p align="justify">Benchmark crude oil futures for January delivery surged $2.56 or 3.7 percent to settle at $72.05 a barrel on the New York Mercantile Exchange. Brent crude for February delivery rose 2.30 or 3.15 percent to settle at $75.38 a barrel on London's Intercontinental Exchange.<br></p>
07-Dec-2021   15:43 Hrs IST Soybean futures decline on demand concerns <p align="justify">Soybean futures declined on NCDEX as speculators trimmed their positions on demand concerns in the market due to spreading of Omicron coronavirus variant. However, global concerns about crops in Brazil and strong demand for US exports kept losses in check.</p><p align="justify">The contract for December delivery was trading at Rs 6,533.00 down by 1.33% or Rs 88.00 from its previous closing of Rs 6,621.00. The open interest of the contract stood at 26,185 lots on NCDEX.</p><p align="justify">The contract for January delivery was trading at Rs 6,525.00 down by 1.38% or Rs 91.00 from its previous closing of Rs 6,616.00. The open interest of the contract stood at 67,655 lots on NCDEX.<br></p>
07-Dec-2021   15:38 Hrs IST Prices of tomato skyrocket to high of Rs 140 per kg in some parts of southern India due to heavy rains
07-Dec-2021   15:31 Hrs IST Steel futures trade modestly higher on bargain hunting
07-Dec-2021   15:30 Hrs IST Mentha oil futures trade higher lower output anticipation
07-Dec-2021   15:26 Hrs IST Aluminium futures trade higher on technical buying
07-Dec-2021   15:24 Hrs IST Cotton futures trade higher on firm demand
07-Dec-2021   13:59 Hrs IST Gold futures trade higher on safe haven demand
07-Dec-2021   12:46 Hrs IST Crude palm oil futures trade higher on shortage of supplies
07-Dec-2021   12:37 Hrs IST Jeera futures decline on NCDEX