The oil market is fed up with production growth
It's a buy-everything market today, with one big exception. Oil fell sharply today in the past two hours. The catalyst: US oil drilling rigs rose by 5 in the latest Baker Hughes weekly...
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| NCDEX Jeera | Dec 23 | 44,300.00 | 44,995.00 | 43,815.00 | -310.00 | -0.69% | |||
| NCDEX Coriander | Dec 23 | 8,148.00 | 8,294.00 | 8,140.00 | -90.00 | -1.09% | |||
| NCDEX Guar Gum | Dec 23 | 11,215.00 | 11,434.00 | 11,188.00 | -173.00 | -1.52% | |||
| NCDEX Soybean | Jul 22 | 6,270.00 | 6,270.00 | 6,270.00 | -65.00 | -1.03% | |||
| MCX Gold 1 Kg | Dec 23 | 63,137 | 63,356 | 62,464 | +578 | +0.92% | |||
| MCX Silver | Dec 23 | 76,237 | 76,800 | 75,954 | +3 | +0.57% | |||
| MCX Crude Oil WTI | Dec 23 | 6,231 | 6,409 | 6,210 | -176 | -2.75% | |||
| MCX Natural Gas | Dec 23 | 235.80 | 237.80 | 230.70 | +0.90 | +0.38% | |||
| MCX Aluminium | Dec 23 | 201.50 | 202.30 | 200.40 | +0.30 | +0.15% | |||
| MCX Copper | Dec 23 | 726.80 | 727.00 | 720.80 | +4.80 | +0.66% |
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| TR/CC CRB ex Energy TR | - | 339.52 | 339.52 | 339.52 | +0.00 | +0.00% | |||
| TR/CC CRB Orange Juice | - | 1.9496 | 1.9813 | 1.9423 | 0.0000 | 0.00% | |||
| TR/CC CRB Unleaded Gas | - | 10.3611 | 10.3711 | 10.1018 | +0.0000 | +0.00% | |||
| TR/CC CRB Heating Oil | - | 10.3573 | 10.3958 | 10.1454 | +0.0000 | +0.00% | |||
| TR/CC CRB ex Energy ER | - | 167.42 | 167.42 | 167.42 | +0.00 | +0.00% |
Commodities News & Analysis
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U.S. Oil Drillers See More Gains As OPEC+ Agrees to Cut Production
The total number of active drilling rigs in the United States rose by 3 this week after rising by 4 last week, according to new data that Baker Hughes published Friday. The total rig count...
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Baker Hughes US oil rig count 505 vs 500 prior
Gas rigs 116 vs 117 prior These guys are adding rigs while OPEC+ has 5 million barrels of spare capacity? Yikes. This article was written by Adam Button at...
