Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand

By Administrator_ India Capital Sands Oil was up Friday morning in Asia, ending the week by extending gains from the highest close in more than two years. Optimism as U.S. fuel demand continues to increase gave the black liquid a boost, even as concerns over a potential Iranian supply increase remained. Brent oil futures were up 0.40% to $69.48 by 10:07 PM ET, inching towards the $70 mark. WTI futures gained 0.54% to $67.21, after settling at their highest finish since October 2018. A successful COVID-19 vaccine drive in the U.S.…

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Oil settles higher on stronger demand outlook as U.S inventories fall Commodity 

Oil settles higher on stronger demand outlook as U.S inventories fall

By Administrator_ India Capital Sands Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut. Brent settled up 22 cents, or 0.3%, to $68.87 a barrel, and U.S. West Texas Intermediate crude settled up 14 cents, or 0.2%, at $66.21 a barrel. Both benchmarks pared losses after government data showed U.S. crude stocks at the Cushing, Oklahoma, storage hub fell last week to the…

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Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold Steady Near Four-Month High Amid Fed Inflation Comments

By Administrator_ India Capital Sands Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic, and St. Louis’s James Bullard said they would not be surprised to see bottlenecks and supply shortages push prices up in coming months as the pandemic recedes and pent-up demand was unleashed, but much of those price gains should prove temporary. Gold is close to erasing this year’s decline as investors…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil Up as Iran Nuclear Deal Talks Continue

By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with investor sentiment boosted by signs of the U.S.’ continuing economic recovery from COVID-19 and the improved outlook for fuel demand. Investors are also monitoring the progress of talks to revive a 2015 Iranian nuclear deal that is likely to increase global crude supply. Brent oil futures gained 0.63% to $66.77 by 1:13 AM ET (5:13 AM GMT), with the contract rolling over to the Aug. 21 contract on May 23. WTI futures were up 0.63% to $63.98. Iranian President Hassan Rouhani said…

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Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold Down, as Mixed Economic Data Takes Shine off Yellow Metal

By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021 and 553,000 initial jobless claims were filed over the past week, with government support such as money to mostly low-income households driving Thursday’s positive data. Investors also continue to monitor progress on a $1.8 trillion stimulus plan proposed by U.S. President Joe Biden…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil prices extend gains as demand outlook offsets India concerns

By Administrator_ India Capital Sands Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan, and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while U.S. West Texas Intermediate crude for June was at $63.98 a barrel, up 12 cents, or 0.2%. OPEC, Russia, and their allies, a group known as OPEC+, stuck to their plans for a gradual easing of…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil tumbles with bearish market structure showing weak demand concern

By Administrator_India Capital Sands Oil slumped as a string of renewed lockdown measures in Europe stoked concerns about the demand outlook while the market’s underlying structure shifted to indicated near-term weakness. Futures in New York and London fell as much as 5 percent, with the prompt spread on both flipping into contango. Concerns are re-emerging over the prospects for a speedy rebound in consumption as Europe’s demand recovery is set to take another hit with Germany, France, and Italy all having widened lockdown measures this month. Meanwhile, coronavirus cases are surging…

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Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold rises on inflation worries after US stimulus approval

By Administrator_ India Capital Sands Gold prices gained on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. FUNDAMENTALS * Spot gold rose 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. * Yields on benchmark 10-year notes held near their highest in more than a year on continued U.S. economic optimism after a $1.9 trillion recovery package was signed into law last week.…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil Surges as Investors Bet Commodity Demand to Take Off

By Administrator _India Capital Sands Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts, boosted optimism over oil demand. Goldman Sachs Group Inc (NYSE: GS). sees Brent reaching $75 a barrel as consumption continues to recover faster than the supply from OPEC+ and shale. Meanwhile, Morgan Stanley (NYSE: MS) also boosted estimates as it sees…

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Gold Commodity 

Gold Up Over Cautious Stimulus Hopes

By Administration_ India Capital Sands Gold futures inched up 0.01% at $1,870.50 by 10:47PM ET (3:47 AM GMT). U.S. President Donald Trump said on Tuesday that he may not sign a COVID-19 bill passed by both the House of Representatives and the Senate on Monday. He called the bill an unsuitable “disgrace,” but stopped short of threatening to veto the legislation. More countries continue to impose new travel restrictions to keep the new B.1.1.7 strain of the COVID-19 virus out. The Philippines banned all U.K. flights from Dec. 24 earlier in…

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