Tag results for: MCX
Crude oil gains as Fed indicates it will cut interest rates in 2024
Crude oil futures traded higher on Thursday morning following the US Federal Reserve’s indications to cut interest rates in 2024. Added to this, official data from the US...
Zinc futures: Short at ₹220
Zinc futures (December contract) on the Multi Commodity Exchange (MCX) have declined since mid-November. It started to fall after facing resistance at ₹235.Last week, the contract broke below the...
Crude oil up as US seeks to replenish strategic reserves
Crude oil futures gained on Monday morning following the US Energy Department’s decision to replenish strategic oil reserves in that country. At 9.57 am on Monday, February Brent...
Crude oil up on Russia-Saudi joint statement on output cuts
Crude oil futures gained in early trade on Friday morning as Russia and Saudi Arabia asked OPEC (Organisation of the Petroleum Exporting Countries) and its allies, known as...
Crude oil a tad up amid hints of uptick in China’s services sector
Crude oil futures traded marginally higher on Tuesday morning as a private sector survey showed growth in China’s services activities. At 9.53 am on Tuesday, February Brent oil...
Crude oil down on voluntary production output cuts by OPEC
Crude oil futures traded lower on Friday morning as the market was disappointed with the voluntary production output cuts announced by OPEC (Organisation of the Petroleum Exporting Countries)...