Latest news with #CrudeOil
Yahoo
an hour ago
- Business
- Yahoo
Cotton Pop Higher on Monday, USDA Shows Drop in Ratings
Cotton futures closed out the Monday session with contracts up 11 to 39 points. Crude oil futures were $1.79/barrel higher. The US dollar index was rallying, up $0.996 to $98.295. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of July 27, with 44% setting bolls. Condition ratings were back down 2% to 55% gd/ex, with the Brugler500 index down 2 points to 345. More News from Barchart Coffee Prices Sharply Higher on Weather and Tariff Concerns in Brazil Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Corn Bulls Are Bending, Not Breaking: What to Watch in Grain Futures This Week Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The Seam showed sales of 125 bales on Friday, with an average price of 57 cents/lb. The Cotlook A Index was up 50 points at 79.20 cents on July 25. ICE cotton stocks were steady on 7/25, with the certified stocks level at 21,617 bales. USDA's Adjusted World Price (AWP) was up 23 points last Thursday at 54.95 cents/lb. It is good through this Thursday. Oct 25 Cotton closed at 67.4, up 39 points, Dec 25 Cotton closed at 68.34, up 11 points, Mar 26 Cotton closed at 69.76, up 11 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
a day ago
- Business
- Business Standard
India's trade performance reflects resilience, trade deficit narrows sharply in Q1FY26
Department of Economic Affairs stated in a latest monthly update that in light of the shifting global trade patterns, India's trade performance in Q1 FY26 reflects resilience. The country's total exports (goods & services) have registered a growth rate of 5.9 per cent (YoY) in Q1 FY26, reaching USD 210.3 billion. While merchandise exports have grown by 1.9 per cent (YoY), services exports grew by 10.9 per cent (YoY) during the period. This strength in the services exports has generated a net services surplus of USD 46.9 billion, which narrowed the trade deficit to USD 20.3 billion, a reduction of 9.4 per cent compared to Q1 FY25. During the same period, core merchandise exports continued to grow strongly by 7.2 per cent (YoY), mainly driven by electronic goods that have grown by 47.1 per cent (YoY). Petroleum products exports fell starkly by 15.6 per cent (YoY) during Q1 FY26. Similarly, merchandise imports have increased by 4.2 per cent (YoY); the petroleum, crude and products imports fell by 4.4 per cent (YoY). This reduction is likely attributable to the softening of the average Crude Oil FOB Price (Indian Basket), which has decreased to USD 67.2 per barrel in Q1 FY26 from USD 85.2 per barrel in Q1 FY25. India's trade performance in June 2025 reflects prevailing quarterly trends. Merchandise exports remained stable at USD 35.1 billion, similar to their level in June 2024, although core merchandise exports registered a 4.8 per cent (YoY) increase. Merchandise imports decreased by 3.7 per cent (YoY), primarily driven by falling gold imports and petroleum, crude and products. Notably, in June 2025, gold imports decreased by 27.6 per cent month-on-month from May 2025, which can be attributed to import restrictions implemented in June 2025. Robust services exports in June 2025 generated a net services surplus of USD 15.3 billion. As a result, the overall trade deficit narrowed to USD 3.5 billion in June 2025, representing a reduction of 51.9 per cent compared to June 2024.
Yahoo
2 days ago
- Business
- Yahoo
Cotton Starting New Week with Slight Strength
Cotton prices are up 6 to 17 points so far on Monday morning. Futures ended the Friday trade with contracts down 33 to 50 points in the front months, as December was 45 points lower on the week. Crude oil futures were 96 cents/barrel lower. The US dollar index was higher, up $0.311 to $97.435. Commitment of Traders data showed spec traders adding a total of 1,415 contracts to their net short position as of July 22 to a net 39,879 contracts. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. As we near the end of the marketing year, total Export Sales commitments are 11.768 million RB, which is 107% of USDA's expected number and behind the average 116% pace. Actual shipments have totaled 10.778 million RB, which is 98% of that number and beating the 95% average pace. The Seam showed sales of 801 bales on Thursday, with an average price of 62.77 cents/lb. The Cotlook A Index was unchanged at 78.70 cents on July 24. ICE cotton stocks were down 18 bales on decertification on 7/24, with the certified stocks level at 21,617 bales. USDA's Adjusted World Price (AWP) was up 23 points on Thursday at 54.95 cents/lb. Oct 25 Cotton closed at 67.01, down 33 points, currently up 17 points Dec 25 Cotton closed at 68.23, down 48 points, currently up 7 points Mar 26 Cotton closed at 69.65, down 48 points, currently up 9 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
2 days ago
- Automotive
- Khaleej Times
UAE petrol prices for August: Why fuel rates likely to remain stable
Petrol prices in the UAE are expected to remain stable or witness only a modest change in August. The average closing price of Brent crude in July was approximately $68.80 per barrel, slightly lower than June's average of $69.87. In the UAE, petrol prices in July were set at Dh2.70 per litre for Super 98, Dh2.58 for Special 95, and Dh2.51 for E-Plus 91. As fuel prices play a crucial role in influencing inflation, stable petrol rates help keep transportation costs and the prices of other goods under control. The UAE continues to rank among the 25 countries with the lowest petrol prices globally, with an average of Dh2.58 per litre. Inflation in the UAE stood at 1.4 per cent in the first quarter of 2025, largely due to declining energy prices. The Central Bank has revised its inflation forecast for 2025 slightly downward, from 2 per cent to 1.9 per cent. This revision is primarily attributed to the continued decrease in transportation costs. The forecast for 2026 has also been adjusted to 1.9 per cent, down from the earlier estimate of 2.1 per cent. Additionally, easing prices of key non-energy commodities are expected to support a contained inflation outlook. Inflation in 2026 is projected to remain steady at 1.9 per cent, reflecting a downward revision of 0.2 percentage points. In July, petrol prices were influenced primarily by concerns over global trade tariffs. However, crude oil futures rebounded last week on optimism surrounding progress in US trade negotiations. 'The US-Japan agreement, which reduces tariffs on automobile imports while securing major investment pledges in the US, has supported oil prices. At the same time, ongoing talks between Washington and the European Union are boosting hopes for further trade easing, which could strengthen demand expectations for crude,' said Osama Al Saifi, managing director for Mena at Traze. 'Nonetheless, lingering uncertainties regarding the timing and scope of these agreements may temper market optimism, limiting the potential for a significant short-term price rally,' he added.
Yahoo
4 days ago
- Business
- Yahoo
Cotton Showing Early Weakness on Friday
Cotton prices are trading with 20 to 30 point losses on Friday morning. Futures closed the Thursday session with contracts 47 to 72 points in the green. Crude oil futures were 95 cents/barrel higher. The US dollar index was higher, up $0.277 to $97.220. Export Sales data showed a total of 32,748 RB in net reductions for old crop cotton in the week ending on 7/17. New crop was net sales of 132,624 RB, the second largest this MY. Shipments were pegged at 184,849 RB, which was back up from the week prior. Vietnam was the top buyer of 46,700 RB, with 28,500 RB to Pakistan. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Weather Risks in Brazil Boost Coffee Prices Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! The Seam showed sales of 2,800 bales on Wednesday, with an average price of 60.78 cents/lb. The world focused Cotlook A Index was up 5 points at 78.70 on July 23. ICE cotton stocks were down 702 bales on decertification on 7/23, with the certified stocks level at 21,635 bales. USDA's Adjusted World Price (AWP) was up 23 points on earlier today at 54.95 cents/lb. Oct 25 Cotton closed at 67.34, up 72 points, currently up 2 points Dec 25 Cotton closed at 68.71, up 47 points, currently down 27 points Mar 26 Cotton closed at 70.13, up 50 points currently down 27 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
