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Oil prices jump amid fears of production cuts

Monday,   03-Oct-2022   10:47 (IST)

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.Brent crude futures rebounded $2.51, or 3%, to $87.65 a barrel by 0206 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude was also up 3%, or $2.39, at $81.88 a barrel, after the previous session's loss of 2.1%. Oil prices have dropped for four straight months since June, as COVID-19 lockdowns in China hurt demand, while rising interest rates and a surging U....

Oil steadies on prospect of OPEC+ output cut, weaker dollar

Friday,   30-Sep-2022   08:03 (IST)

Oil prices were little changed in early trade on Friday but headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude ...

Gold edges higher on softer dollar; set to fall for sixth straight month

Friday,   30-Sep-2022   07:41 (IST)

Gold prices edged higher on Friday, supported by a pullback in the U.S. dollar, but the Federal Reserve’s commitment to stay on an aggressive rate-hike path kept the metal on track for its sixth...

Gold attempts relief rally as dollar decelerates

Thursday,   29-Sep-2022   07:54 (IST)

Gold rose about 2% on Wednesday as a retreat in the dollar rekindled some of its safe-haven appeal, although prospects of sharp rate hikes kept the non-yielding precious metal near a 2-1/2-year trough...

Oil prices fall amid strong dollar, economic concerns

Thursday,   29-Sep-2022   07:48 (IST)

Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand. Brent crude futures fell 59 cents, or 0.7%, to $88.73 per barrel by 0016...

Gold prices drop on firmer dollar, hawkish Fed talk

Wednesday,   28-Sep-2022   07:51 (IST)

Gold prices slipped on Wednesday, as the dollar resumed climb after Federal Reserve officials reiterated the U.S. central bank's resolution to maintain an aggressive policy stance to tackle soarin...

Oil prices mixed as Hurricane Ian output cuts support, dollar weighs

Wednesday,   28-Sep-2022   07:49 (IST)

Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar. Brent crude futures fell 4...

Gold firms on dollar pullback, rate-hike jitters cap gains

Tuesday,   27-Sep-2022   08:05 (IST)

Gold prices rose on Tuesday as the dollar's rally paused, but prices held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell...

Oil prices steady on prospect of balancing supply after steep selloff

Tuesday,   27-Sep-2022   07:59 (IST)

Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier sel...

Gold hits 2-1/2-year low as dollar stands tall

Monday,   26-Sep-2022   08:10 (IST)

Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation. Spot gold was down...