Crude

Despite losing its place to Russia in India, the world's third biggest oil importer, the kingdom is confident it holds the cards for crude supplies in the long term

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- has been increased by Rs 19,757.13 per kilolitre, or 16.26%, to Rs 1,41,232.87 per kl (Rs 141.2 per litre) in Delhi

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade

Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.

BPCL has deferred a maintenance shutdown of a crude unit at a 240,000 barrels per day Mumbai refinery to May as its seeks to gain from strong fuel cracks

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.

Will work towards increasing share of natural gas in energy mix

The first one million barrels of Guyanese Liza crude for Indian Oil Corporation Ltd has been loaded from FPSO Liza Destiny, informed the High Commission of India in Guyana

Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart

Any trend reversal for crude oil will only be validated below the 4,350 region

Exhaustion is being witnessed in Copper as on daily scale, there has been an emergence of 'Bearish Engulfing' candlestick pattern

Russia said on Wednesday it would not reverse its decision as it still believed cutting output would make no sense if the virus hit demand deeper than expected

Brokers facing margin calls, started selling all commodities to pay for losses

Fuelled by lower oil prices, consumers are driving and flying more, boosting consumption of gasoline and jet fuel

Energy consultancy Wood Mackenzie said that 'even if an output freeze is announced, we do not expect a genuine one to occur during the remainder of 2016'