Bullion Market : Gold and silver futures prices in the domestic market dipped further on Monday, following the massive fall in the previous session, as the US dollar firmed and economic conditions showed improvement.
Silver Gold MCX Tips Today : Gold markets have gone back and forth during the trading session on Tuesday as we have very little in the way of volume. That being said, we are sitting on top of the 50 day EMA which of course is somewhat crucial, and therefore it could continue to offer support.
BASE METAL TIPS – All Intraday Call Hit – Neal Bhai Reports
Russia unlikely to agree to deepen oil output cuts – Citing three sources familiar with talks, Reuters on Tuesday reported that Russia was unlikely to agree to deepen additional oil output cuts at the Organization of the Petroleum Exporting Countries’ (OPEC) meeting in Vienna on December 5th.
The WTI Crude Oil price of oil was lower again on Friday, with West Texas Intermediate crude travelling from a high of $56.75 to a low of $54.79 and ending the day down -0.80%. Prior to the cash close, WTI crude for November delivery has dropped lost 50 cents, or 0.9%, to settle at $55.91 a barrel on the New York Mercantile Exchange.
White House: US, Saudi Arabia, UAE ‘Have agreed to assure that global demand is met as all Iranian oil is removed from the market’
Nigeria Boasts Oil Production Cost of $23 Per Barrel
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies were not stopping there and were aiming to reduce this further, to US$15 a barrel.