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As on Aug 24, 2017 12:00 AM Your results on : Pre Session    
Base Metals Preview: Speculative Demand Keeps Copper Afloat
24-Aug-2017 (10:13)
Energy Preview: US Crude Inventories Drop For Eight Weeks In A Row
24-Aug-2017 (10:11)

WTI Crude oil futures edged up following another drop in US crude oil inventories. However, the prices slipped in Asia today as equities stayed choppy on on-going global concerns. WTI Crude is quoting at $48.37 per barrel right now, down marginally on the day. MCX Crude oil futures closed around Rs 3110 per barrel, up 1.27% on the day and should see some selling on rallies today.

The latest Energy Information Administration (EIA) data recorded an inventory draw of 3.3 million barrels for the week ending August 18th following a draw of 8.95 million barrels the previous week. Crude inventories declined to 463.2 million barrels and were down 6.0% on the year. This was the eight consecutive drop in US crude inventories.

Cushing inventories recorded a draw of 0.50mn barrels on the week after a build of 0.68mn barrels the previous week. Domestic crude production recorded a gain of 0.3% on the week at 9.53mn bpd and there was an increase of 11.5% over the year. Gasoline inventories declined 1.2 million barrels on the week with a 1.2% annual decline while distillate stocks were unchanged on the month with a year-on-year decline of 3.2%.

Refinery use fell 0.7% on the week and there will be speculation over maintenance-driven falls over the next few weeks, although the small draw in gasoline inventories should cushion output slightly. The continued decline in inventories will help underpin market sentiment, although the underlying balance of fundamentals is likely to be little changed given the further increase in production levels globally.

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Precious Metals Preview: Gold Sees Choppy Moves, Indian Demand Supports
24-Aug-2017 (09:58)
Commodities Buzz: Russia Corn Exports Double In June 2017
24-Aug-2017 (09:19)
Economic Buzz: New Zealand Posts NZ$ 85 Million Trade Surplus
24-Aug-2017 (09:27)
Agri Commodities Preview: Canada Ag Ministry Downgrades Wheat and Canola Crop On Extreme Drought Conditions
24-Aug-2017 (09:02)
Agri Commodities Preview: India's Cotton Production To Increase By 3.76% In MY 2016/17
23-Aug-2017 (10:15)
Precious Metals Preview: Gold Tumbles Near Rs 29K On MCX
23-Aug-2017 (10:15)
Energy Preview: Crude Holds Up In Asia, EIA Report In Focus
23-Aug-2017 (10:05)
Commodities Buzz: Russia To Set Record Grain Harvest In 2017
23-Aug-2017 (09:59)
Economic Buzz: Japan Manufacturing Sector Continues To Expand
23-Aug-2017 (09:58)
Commodities Buzz: German Wheat Harvest Set To Take Hit On Adverse Weather
23-Aug-2017 (09:54)
Base Metals Preview: Copper Long Positions At Six Month High Says CFTC
22-Aug-2017 (10:09)
Energy Preview: Crude Speculators Trim Longs
22-Aug-2017 (10:06)
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