Crude Oil crashes 5% to hit nine-month low on reports of Libya dispute resolution; Brent slips below $74, erases 2024 gains

Last Updated On September 4, 2024 1:09 PM by Ananya

Crude Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase

International crude oil prices crashed five per cent on Tuesday, September 3, to hit their lowest levels in nine months after reports emerged that a deal was in the offing to resolve a dispute that has halted Libyan production and exports. The Libya news compounded an earlier price fall tied to weak Chinese economic data.

Spot Gold Holds Above $2,490

Last Updated On September 4, 2024 11:45 AM by Neal Bhai

Spot Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook.

Copper Pressured by US Recession Fears

Last Updated On September 4, 2024 11:36 AM by PIA CHAUHAN

Copper futures fell toward $4 per pound in early September, losing nearly 3% so far this month as sentiment took a hit after weak US manufacturing data reignited recession fears.

Zinc Price Falls From 5-Week High

Last Updated On September 3, 2024 6:24 PM by PIA CHAUHAN

Zinc futures fell to $2,825 per tonne, down from a 5-week high of $2,934, driven by a supply surplus and weak demand. The global refined zinc market saw a surplus of 228,000 tons in the first half of 2024, according to the International Lead and Zinc Study Group.

Brent Crude Oil Falls to 8-Month Low

Last Updated On September 3, 2024 6:18 PM by Anil Yadav

WTI Stabilizes at $62 as OPEC+ Pushes Back on Supply Hike Talk

Brent crude futures fell to below the $75.9 per barrel mark on Tuesday, the lowest since mid-December 2023, as expectations of muted demand magnified the impact of relatively ample supply. A batch of new data from China exacerbated concerns that economic growth from one of the world’s largest oil consumers is unlikely to bounce back this year, with key gauges of domestic factory demand dropping more than expected in August.

WTI Crude Approaches 7-Month Low

Last Updated On September 3, 2024 6:13 PM by Ananya

WTI crude oil futures fell below the $72.2 per barrel mark on Tuesday, the lowest since touching a seven-month low of $71.9 in August as muted demand magnified the impact of relatively ample supply. New data from China exacerbated concerns that economic growth from one of the world’s largest oil consumers is unlikely to bounce back this year, with key gauges of domestic factory demand dropping more than expected in August.

Gold and Silver Prices Today on 03-09-2024: Check Latest Rates in Your City

Last Updated On September 3, 2024 1:31 PM by PIA CHAUHAN

Gold And Silver Prices Today: Gold prices saw a slight decrease on Tuesday. The cost of 24 carat gold is Rs.7329.9 per gm down by Rs.242.0. The cost of 22 carat gold is Rs.6714.2 per gm down by Rs.222.0.
The price change in 24 carat gold in the last one week has been -0.86%, whereas in the last month it has been -3.89%.