NYMEX

Recent economic data from the US, China, and Europe fell short of expectations, heightening concerns about a sluggish global economy and its impact on oil demand. However, potential supply disruptions from the Middle East due to ongoing conflicts, a...

Navigating through diverse commodities, my investment strategy adapted to changing market conditions. From crude oil to natural gas, I observed shifts in positions and prices, reflecting resilience and caution. The market's response to OPEC+ reassur...

The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar correction was witnessed in the Asian Brent and the domestic MCX futures as well.

The Middle East is a critical area for global energy production and transportation, with several major oil-producing countries that combinedly contribute more than 30 percent of global oil production.

A shortage in demand caused by above-normal temperatures in key consumers like the US and Eurozone, the industrial slowdown in Europe, and record-high production and exports from the US depressed prices across the globe.

Brent crude futures were up 53 cents, or 0.7%, at $82.93 a barrel by 1:48 p.m. ET (1848 GMT), and touched $83.57, their highest price since November.

The new geopolitical risk in West Asia was speculated to raise global oil prices as the region is one of the most important oil-producing and transporting zones.

Gold was the best-performing asset in the commodities gaining more than 15 percent in 2023.

The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded at a six-month low of $72 a barrel. A similar sell-off was witnessed in the domestic futures as well, but a weak Indian rupee prev...

Prices at the key NYMEX futures platform currently traded at a one-month low. However, it has been broadly choppy inside the $3.6 - 2 MMBtu levels throughout this year.

Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary supply cuts by Saudi Arabia and Russia, but the momentum was short-lived. An unexpected buildup in US crude inven...

WTI crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is the underlying commodity of the New York Mercantile Exchange's (NYMEX) oil futures contract and is considere...

These contracts will expand NSE's product offering in the energy basket and its overall commodity segment.Experts believe that these contracts would provide the market participants with an efficient avenue to hedge their price risk

The addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity segment. NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the add...

"The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe," Sriram Krishnan, Chief Business Development Officer.

Improving gross domestic product and inflation data in the United States provided hope that the U.S. Federal Reserve could slow its pace of interest rate hikes, reducing fear of curtailment in economic activity and consequent oil demand.

Oil prices in the benchmark NYMEX futures started the year at $85.5 a barrel, but abruptly skyrocketed to $126 when Russia launched its military operation in Ukraine. However, as investors pored over global economic data, that has spurred worries ov...

Russia has been facing several economic sanctions from the US and European Union after its inversion of Ukraine. This includes freezing the assets of the Russian central bank, barring Russian banks from international transactions, and limiting impor...

MCX Gold August resistance for the day lies at Rs 48500 per 10 grams with support at Rs 48,000 per 10 grams. MCX Silver September support lies at Rs 66,200 per KG with resistance at Rs 69,000 per KG.