Crude oil prices surge 3% on heightened supply fear following Libyan production cuts

27 Aug 2024 The situation in Libya exacerbates existing concerns over stability in the Middle East, a region already fraught with conflict. Reports of rising tensions in the area further fueled fears of supply constraints, contributing to the market’s bullish response.

26 Aug 2024

Oil prices surged over 2% as FED signals interest rate cuts

Global crude oil benchmarks surged over 2% on Friday, buoyed by signals from US Federal Reserve Chair Jerome Powell that the central bank is poised to cut interest rates.

26 Aug 2024

India postpones the implementation of Quality Control Orders on PP and PVC

Market participants, particularly from the PVC segment, have been closely monitoring the regulatory developments. Buyers have voiced serious apprehensions regarding the supply outlook, given the stringent certification requirements.

26 Aug 2024

Dalian Commodity Exchange: 26 August 2024 (Night trading)

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 26 August 2024 settled as follows:

26 Aug 2024

Dalian Commodity Exchange: 26 August 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 26 August 2024 settled as follows:

23 Aug 2024

Oil prices rebounded as US rate cut expectations rise

Traders are looking for clues on whether the Federal Reserve might cut rates by 25 or 50 basis points, a move that could further influence oil prices.