Oil touches 7-year high after OPEC+ sticks to plan for gradual output hike

By Administrator_ India Capital Sands Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of […]

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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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