An Profitable Excellent Storm Is Causing Oil Prices to Drop to New Lows
A lack of cohesion among OPEC members, oil ministers predicting a fall in prices at a conference last week, the sudden growth of U.S. crude oil stockpiles and production and seasonal maintenance on United States oil refineries that will limit activity have all contributed to the sudden drop, experts say.The Dow Jones industrial average fell about 70 points, with Caterpillar and Chevron — both oil-related companies — experiencing the largest losses. The S&P 500 closed 0.2 percent lower, with energy as a whole falling more than 2.5 percent and suffering the biggest drop in all sectors.
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Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...
Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
But... read more ...
The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
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BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
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