Oil Slides Below $51 as OPEC Allow on 9-Month Gain Increase
Oil prices moved sharply lower on Thursday after members of the Organization of the Petroleum Exporting Countries agreed on a nine-month extension to their output accord, but stopped short of taking on deeper production cuts.At the highly anticipated meeting in Vienna, people familiar with the deal reportedly said the cartel members decided to prolong the current deal — which was slated to end at the end of June —to the first quarter of 2018.A nine-month extension was widely expected, but traders had started to speculate that maybe the cartel would also make deeper cuts to output.
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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.
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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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