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Commodity World Roundup

12th May - 18th May- Oil Price Rally Continues...

Indian Oil minister Dharmendra Pradhan said that Thursday it had received assurances from the worlds top oil exporter Saudi Arabia it would ensure adequate supplies to keep a lid on soaring oil prices. Brent oil prices rose back to $80 per barrel for the first time since 2014 due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions....

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05th May -11th May – Oil and Gold heading to levels beyond Reach

The cost of petrol and diesel for state oil companies has gone up by about Rs 2 per litre in the past two weeks as global prices have surged and the rupee is weaker, but retail rates were frozen ahead of the Karnataka polls. Prices of petrol and diesel have been deregulated for years but it’s widely believed that companies, nudged by the government, stop raising prices, or sometimes take more than necessary cuts, ahead of elections and recoup their losses afterwards....

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28th April – 4th May - Oil Prices creating Havoc for world Economies

Oil prices steadied on Friday, consolidating after recent gains, as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran. Brent crude oil was down 30 cents at $73.32 a barrel by 0900 GMT. The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday. ...

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Abhishek Bansal’s views on Commodities Market

Aluminum: Aluminum has been in the buzz since few weeks due to US Sanctions on Rusal. Surrounded by several market news aluminum seems to be the most volatile and interesting commodity for the next 15 days’ period. The LME also delisted it due to which there was scarcity of aluminum. The US sanctions on Rusal (Russian Aluminum producer, 2nd largest in the world) caused a spike...

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23rd April – 27th April – Commodities markets and Geo political Scene

Silver prices dropped by Rs 152 to Rs 39,191 per kg in futures trade today as participants cut bets following weak leads from overseas markets. Profit-booking at prevailing levels by speculators also weighed on silver prices. At the Multi Commodity Exchange, silver for delivery in May was trading lower by Rs 152, or 0.39 per cent, to Rs 39,191 per kg, in a business turnover of 255 lots. ...

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