Oil prices pushed higher for a second day on Wednesday, buoyed by sanctions-related supply risks, hopes of a U.S.-China trade deal and news that the U.S. is seeking oil for delivery to its strategic reserves. Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while U.S. West Texas … Read more
U.S. President Donald Trump said on Monday he expects to reach a fair trade deal with Chinese President Xi Jinping and downplayed risks of a clash over the issue of Taiwan, even as his top trade negotiator accused Beijing of engaging in “economic coercion.” Trump suggested to reporters that China had no designs on invading … Read more
As geopolitical tensions have started easing out, the demand for safe-haven buying has witnessed a sharp decline as Gold June futures contracts at MCX hit a day’s low of Rs 92,975/10 grams. This marks a sharp fall of nearly Rs 6,500 for the yellow metal from its peak of Rs 99,358/10 grams, made on April … Read more