According to Geojit, Barring dhaniya other spices ended Thursday’s session on a positive note. Turmeric futures rose supported by firm demand and on prospects of lower acreage this season.
Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase.
Market participants are now awaiting cues from the ECB and BoJ for any impact on precious metals market.
According to Geojit, Turmeric futures continued rising on NCDEX on Wednesday supported by firm demand and on prospects of lower acreage this kharif season.
The promise of economic stimulus in China, the world's second-biggest oil consumer, also lent support to the market.
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In June, Indian crude steel production recorded a 12.9% increase compared to the same period last year.
According to Geojit, Sentiments were muddled in spices complex on NCDEX on Tuesday. Turmeric futures resumed rising, while both jeera and coriander futures pared initial gains to end the session down.
Brent crude futures slid 32 cents, or 0.4%, to $83.32 a barrel by 0036 GMT. U.S. West Texas Intermediate (WTI) crude was at $79.35 a barrel, down 28 cents, or 0.4%.
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According to Geojit, Mixed moves were witnessed in NCDEX spices complex on Monday as well. Turmeric and jeera futures ended the session in red on profit booking, while dhaniya futures inched higher to hit its highest level in more than five months.
Brent futures gained 7 cents at $82.81 a barrel at 00:07 GMT, while U.S. West Texas Intermediate (WTI) crude rose 11 cents at $78.85.
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According to Geojit, Mixed moves were witnessed in NCDEX spices complex on Friday. Turmeric futures ended down profit booking, while dhaniya futures were up on firm demand.
Brent crude futures dipped 41 cents, or 0.5%, to $80.66 a barrel by 0045 GMT. U.S. West Texas Intermediate crude was at $76.70 a barrel, down 37 cents, or 0.5%.
On the technical front, NYMEX Crude is trading close to a falling trend line resistance near $77.50 per barrel. Sustained closing above $77.50 per barel would give the bulls the edge to take the price higher towards the next resistance of $79.50 per barrel.
According to Geojit, Sentiments were sanguine in spices complex on NCDEX on Thursday. Turmeric futures continued rising on worries over lower production expectation and firm demand.
Brent futures rose 3 cents to $79.67 a barrel by 0016 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 9 cents to $75.74 a barrel. Prices closed marginally higher on Thursday.
According to Geojit, NCDEX Turmeric futures jumped to 13-year high on robust demand and expectation of fall in acreage on Wednesday.
The dollar index edged higher from a more than one-year low hit on July 18, making gold more expensive for holders of other currencies.
According to Geojit, Mixed moves were witnessed in NCDEX spices complex on Tuesday. Coriander futures hit five month high on firm demand, while profit booking was seen in turmeric and jeera futures.
Brent futures rose 9 cents, or 0.1%, to $79.72 a barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude was steady at $75.75 per barrel.
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Market participants now await the upcoming monetary policy meeting of the Fed on July 26, which will provide crucial insights into the central bank's stance on interest rates and its overall policy.
Coal prices have been on a decline in 2023 falling from $400 per tonne in the month of January, reaching $125 a tonne in June, to finally hitting a two year low price of $130 per tonne in July.