Oil down 1%; Covid-19 pandemic surge, renewed Mexico supply end rally

Commodities continue to struggle; all eyes on US & China economic data, Fed comments

By Administrator_India Capital Sands By Administrator_India Capital Sands Commodities have witnessed a directionless week as market players continued to assess Fed’s monetary policy stance, virus situation as well as health of Chinese economy. Such directionless trade may continue in the near term with no clear cues. COMEX gold tested March low earlier this week but […]

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Oil down 1%; Covid-19 pandemic surge, renewed Mexico supply end rally

Oil Down Over Soaring U.S. Dollar

By Administrator_ India Capital Sands Oil was down Friday morning in Asia but remained above $70-market after the U.S. Federal Reserve projected possible interest rate hikes earlier than expected. Brent Oil Futures fell 0.79% to $72.50 by 12:36 AM ET (4:36 AM GMT) and Crude Oil WTI Futures slid 0.82% to $70.46. The dollar has soared in the […]

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