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Oil prices inch higher on output cut support, but US coronavirus spike caps gains

U.S. West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday

Saudi Arabia ups August crude prices to Asia

Saudi Arabia has set the August price to Asia at plus $1.20 a barrel versus the Oman/Dubai average, Aramco said in a statement on Monday.

Lockdown cuts India's April tea output by 54% y/y

In the first four months of 2020, India produced 113.36 million kg of tea, down 40% from a year ago because of lower production in March and April, the board said in a statement.

MCX gets Sebi nod for gold mini options

The commodity derivatives market has warmed up further with MCX launching Gold Mini Option.

Gold gains as surging virus cases eclipse positive US data

U.S. gold futures were up 0.2% at $1,793.00 per ounce.

Oil mixed on tighter supply, surge in US virus cases

U.S. West Texas Intermediate (WTI) crude was down 40 cents, or 1%, at $40.25.

BULL'S EYE

Commodity outlook: Base metals gain; here's how others may fare

Here is how SMC Global expects commodities to fare today.

Gold rate slips below Rs 48,000-mark on profit booking

Globally, gold prices edged higher as worries over a surge in coronavirus infections in the US dented optimism about signs of a nascent economic recovery, prompting investors to seek the safe-haven metal.

Palm oil jumps over 1% on hopes of lower June stockpiles

Dalian's most-active soyoil contract rose 0.83%, while its palm oil contract gained 0.76%.

Gold inches up as rising COVID-19 cases boost safe-haven demand

Gold has also been benefiting from lower interest rates around the world and widespread stimulus measure from major central banks as it is widely viewed as a hedge against inflation and currency debasement.

Oil prices mixed as coronavirus spike casts shadow over US demand

Oil prices mixed as coronavirus spike casts shadow over US demand

"Rising case numbers in some U.S. states are still looming over energy demand prospects," ANZ analysts said in a note.

Lost in oil’s rally: $2 trillion-a-year refining industry crisis

Lost in oil’s rally: $2 trillion-a-year refining industry crisis

What happens to the oil refining industry will have ripple effects across rest of the energy industry.

Gold bond issue price fixed at Rs 4,852 per gm

Gold bond issue price fixed at Rs 4,852 per gm

The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10.

Gold imports plunge to $79.14 million during April-May 2020

Gold imports plunge to $79.14 million during April-May 2020

Imports of the yellow metal stood at $8.75 billion in the corresponding period of 2019-20.

Gold holds steady as virus fears offset gains in equities

Gold holds steady as virus fears offset gains in equities

U.S. gold futures edged down 0.2% to $1,786.10 per ounce.

Chaos in gold markets ripples to other precious metals

Chaos in gold markets ripples to other precious metals

The premiums are spurring big increases in on-exchange inventories in New York.

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