CRUDE OIL

Commodity Online MUMBAI: Gold futures fell on Indian commodity exchanges in morning trade in tandem with overseas markets, which were lower on profit taking triggered by easing crude oil and book squaring.

Commodity Online NEW DELHI: Energy giant BP Plc is likely to set a co operation with Cals Ltd, a Spice Energy holding company for its proposed five million tonns oil refinery at Haldia near Kolkata.

By Jon NadlerSilver lost another $1.48 or 8.5%, falling to $16.94 per ounce. Platinum dropped $39 to $1865.00 per ounce and palladium lost $18 to $438.00 as the entire complex was battered by the freefall in gold

Commodity prices falling almost as fast as they rose this year raise questions again on the wisdom of investing in such markets, but those in the game for long will say it's worth it, a market researcher said. Some are asking if commodity prices in general had gone up too high, too fast, leading to a bubble.

Since Wednesday, March 12, natural gas spot prices eased at virtually all markets in the Lower 48 States. Prices at the Henry Hub fell 58 cents per million Btu (MMBtu), or about 6 percent, to $9.11 per MMBtu.

Gold futures dropped sharply on Thursday, sliding further after their worst one-day drop in nearly two years, as a broad sell-off in commodities such as crude oil continued, spurred by dollar strength and further interest rate cuts.

Crude oil had its biggest decline since December 1994 on Wednesday, falling more than $6 per barrel after the Federal Reserve cut interest rates yesterday and a report today stated demand in the United States dropped.

With crude oil prices over $100 per barrel and cold weather in many parts of the country driving up demand, heating fuel prices have been setting new record highs. With residential prices from the beginning of winter to mid-March

Commodity Online NEW DELHI: India s infrastructure sector fell to 4.2 percent in January compared to 8.3 percent in the corresponding year last year.

Commodity Online NEW YORK: In a surprising development, gold futures plunged Tuesday while almost all other commodities gained over US Fed s decision to cut lending rate.

Commodity Online NEW YORK: US Feds decision to cut lending rates had its impact in crude futures as it soared Tuesday and end a little above 109 US dollars.

Commodity Online NEW YORK: In its biggest daily loss since 1991, world oil prices lose 4.53 dollars a barrel on Monday, after hitting a record high of 111.80 dollars a barrel.

NEW DELHI: In an attempt to reduce oil imports and to increase the domestic production of oil, the government has taken various measures, said the Minister for Petroleum Natural Gas Murli Deora in the Parliament today.

Commodity Online Tracking global developments, standard gold in India gained Rs 385 per 10 gm to Rs 13,495, before hitting a new peak of Rs 13,560.

U.S. Crude Oil prices dropped more than $4.0 a barrel on Monday on growing concerns about the economic outlook in the United States.

Record rise of crude oil and gold prices in global markets and growing concerns over the worsening credit crisis in the US triggered a Sensex collapse on Monday, allowing the benchmark 30-share index of the Bombay Stock Exchange (BSE) to hit a six month low and close below the psychological 15,000 level.

Natural gas dropped on Monday as crude oil prices declined and on forecasts for mild weather that will reduce demand for the heating fuel.

U.S. crude oil declined from a new record above $109 on Tuesday after the Federal Reserve announced measures to inject liquidity into the financial system.

Corn increased on Monday boosted by a an increase of crude oil which revived speculation that demand for crop-based fuel such as ethanol will increase.

Corn increased on Wednesday amid speculations that investors will boost holdings of commodities to overcome inflation following the gain of crude oil and other commodities.

Gold futures rose sharply Wednesday, gaining from its steep decline in the previous session, as the dollar traded near an all-time low against its major counterparts and crude oil prices continued to fuel inflation jitters.