The decision of the 14-member OPEC to cut output on November 30 was the first in eight years, triggering a rally in oil prices.
Dec 3, 2016
Crude oil prices rose almost 10 percent on Wednesday after OPEC agreed to cut output by 1.2 million barrels a day; it's bad news for India.
Dec 1, 2016
Iran and Iraq are resisting pressure from Saudi Arabia to curtail production, making it hard for the group to reach a deal.
Nov 30, 2016
The 14-member group of major oil producers — OPEC — is meeting to discuss a possible cut in output to arrest fall in prices.
Nov 29, 2016
Iran is upset over Saudi Arabia, even as a crucial meeting between OPEC and non-OPEC members scheduled for Monday is called off.
Nov 28, 2016
Pakistani cotton importers said that the customs clearing agents had stopped the import without a warning or written order.
Nov 27, 2016
Traders said market activity was low due to the US holiday, and there was a reluctance to take on big price directional bets.
Nov 24, 2016
The government said it is addressing concerns of the trade in other ways but ruled out the formation of additional boards to promote the export of spices.
Nov 23, 2016
The metal has shed more than $100 an ounce from last Wednesday's post-election high.
Nov 17, 2016
Prices were buoyed by expectations that US shale oil production will fall in December to its lowest since April 2014.
Nov 15, 2016
The dollar rose to a nine-month high against other currencies on Monday, pressuring oil prices.
Nov 14, 2016
An ongoing crude and refined product supply overhang that has dogged markets for over two years is weighing on markets.
Nov 11, 2016
With traders glued to their screens, crude futures markets roared into action as counting advanced.
Nov 9, 2016
India's gold demand in the first three quarters of 2016 fell 29 percent from a year ago to 441.2 tonnes.
Nov 8, 2016
Barclays bank said there was little to no agreement among producers about who would cut how much.
Nov 7, 2016