Page 17 - Ommodities News Today

Natural Gas (XNG/USD) is soaring higher in the US trading session after an upbeat outlook from 'Gaztransport & Technigaz'. The French company is a leading designer of storage tanks and reported that its orderbook filled with over 450 order

Gold price is replicating the same moves seen in Thursday’s Asian trading, as buyers attempt another run toward the key contention level of $2,033 early Friday.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.00 on Friday.

Analysts say the CME FedWatch tool shows traders pricing in a 53.6% chance for a 25 bps cut in June and a 28.7% chance for rates to remain steady

According to Geojit, Farmers in Andhra Pradesh have sown rabi crops over 1.65 mln ha as of Wednesday, down 10% from 1.83 mln ha a year ago, according to state government data.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and remains within the striking distance of a nearly two-week high touched the previous day.

Oil prices are sliding nearly 1% on Friday as Iraq announced the reopening of a refinery that was closed for a decade and amid expectations that OPEC+ countries won’t opt for big production cuts.

West Texas Intermediate (WTI) US Crude Oil prices drift lower on the last day of the week and move away from a fresh monthly peak, around the $78.75 region touched on Thursday.

Gold (XAU/USD) fluctuated in a relatively narrow channel as it failed to benefit from the broad-based selling pressure surrounding the US Dollar (USD) this week.

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