Futures in New York rose as much as 1.5 percent, extending Monday’s 4 percent gain. An agreement between Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin over the weekend raised the possibility of an output accord when OPEC and its partners meet in Vienna on Dec. 6. Prices also received a boost after Canada’s Alberta province announced plans to cut production by 325,000 barrels a day.
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Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Crude Oil Jumps – Russia, Saudis Agree to Extend Alliance, But without specifics
Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.
Gold Prices soar Today, Silver Rates Surge ₹ 800
Tracking gold, silver rates also surged Rs 800 to 37,360 per kg on strong demand from industrial units and coin makers. Gold of 99.9% and 99.5% purity advanced Rs 390 each to Rs 31,850 and Rs 31,700 per 10 gram, respectively. Sovereign gold held steady at Rs 24,700 per piece of 8 grams.
Qatar Quits OPEC
“Qatar has decided to withdraw its membership form OPEC effective January 2019 and this decision was communicated to OPEC this morning,” Saad al-Kaabi said, as quoted by Reuters, at a news conference.
MCX Crude Made Hammer Or Bullish Tasuki Pattern, Break Out Level 3888 Above Big Blast on Chart – Neal Bhai Reports
MCX Crude Made Hammer Or Bullish Tasuki Pattern, Break Out Level 3888 Above Big Blast on Chart – Neal Bhai Reports
Keep Eye on Magical Level 3888
Crude Just had its Worst Month in a Decade, and its Next Move Depends on Saudi Arabia and Trump
West Texas Intermediate, or U.S. crude, lost 21 percent in November, tumbling to its lowest level in a year and logging its worst performance since October 2008.
अब 10 बजे की बजाय सुबह नौ बजे कमोडिटी एक्सचेंजों पर ट्रेडिंग शुरू
अब एक बड़ी खबर कमोडिटी एक्सचेंज (commodity exchange) भी अब शेयर बाजार के साथ ही खुलेंगे। मार्केट रेगुलेटर सेबी ने कमोडिटी में ट्रेडिंग टाइम को बढ़ा दिया है। अब 10 बजे की बजाय सुबह नौ बजे कमोडिटी एक्सचेंजों पर ट्रेडिंग शुरू हो जाएगी।