ShreeMetalPrices: Oil prices spiked to $84.60 per barrel, concerns about U.S. winter storms
Oil prices increased in sluggish trade on Tuesday, owing to concerns about winter storms in the U.S. are disrupting logistics and shale oil production.By 0120 GMT, Brent crude Oil prices had increased with 73 cents, or 0.9%, to $84.60 per barrel, but U.S. West Texas Intermediate crude had increased with 85 cents, or 1.1%, to […]
ShreeMetalPrices: United States Tinconderoga Class Warship Could Be ‘Permanently Deployed’ To Haunt, as China conducts “round of drills” near Taiwan,
The $858 billion military funding plan. Which authorised up to $10 billion in security aid and expedited arms acquisitions for Taiwan, was criticize by China as including measures that “seriously undermine stability and peace in the Taiwan Strait. “However, Several within national security sources have supposedly indicated that the U.S is considering putting. The Ticonderoga-class […]
ShreeMetalPrices: Rouble Gains after its Worst Weekly Fall since July
The Russian rouble rose quickly in a volatile Market on Monday, regaining some ground after its biggest weekly drop since early July. As investors scared about the impact of gas & oil sanctions on Russian export revenue.The rouble fell over 8% last week & is drop more than 10% this month. After the enactment of […]
ShreeMetalPrices: China is Struggling with 1 million COVID Cases in a Day
China is possibly dealing with 1 million Covid infections & 5,000 fatalities every day as per recent analysis, it battles what is likely to be the largest outbreak the world has ever seen.For the 1.4 billion people living in the country, things could get significantly worse. According to Airfinity Ltd. A London-based research company that […]
ShreeMetalPrices: Putin hints to end Ukraine war sooner
Putin has said that Russia is seeking for a rapid resolution, believes that the war in Ukraine must come to a close as soon as possible. The conflict’s resolution is the Russian President’s core goal, he told reporters The earlier the better “Added he. For the first time, Putin referred to it as a “war” […]
ShreeMetalPrices: India on Covid-19 Alert, will review the issue as cases surge in the US, China, and Japan
Following an increase in Covid-19 infections in the US, Republic of Korea, Brazil, & China, Health Minister Mansukh Mandaviya is expected to assess the country’s coronavirus status on Wednesday, December 21. Senior officials and specialists would most likely meet with Mansukh Mandaviya to discuss the Covid-19 situation in the nation. According to official sources, Minister […]
ShreeMetalPrices: Copper falls as China COVID has a negative effect on industrial production.
Copper prices fell on Tuesday as industrial activity in China was affected by rising COVID-19 infections and concerns were raised about the near-term demand prospects. Although losses were limited by a weakening U.S. dollar. By 1315 GMT, the price of three-month copper on the London Metal Exchange (LME) had decreased 0.2% to $8299 per metric […]
ShreeMetalPrices: Europe’s Energy Crisis Started, Cost of Energy Touches over $1 Trillion
The cost of energy has increased in Europe by over USD 1 trillion as a result of Russia’s war in Ukraine. And the biggest crisis in decades is really just getting started. The region will need to replenish their gas supplies after this winter with little or no supply from Russia. Which will make it […]
ShreeMetalPrices: Copper prices fell as dollar strengthens prior of central bank meetings.
Copper prices fell on Monday from near six-month highs because the US dollar strengthened and concern continues ahead of key central bank meetings that might provide additional clues on the leads of global economy growth and metals demand. The most actively traded January copper contract on the Shanghai Futures Exchange fell 1% to 66,140 yuan […]
ShreeMetalPrices: UK inflation hit a 41-year high of 11.1% in October
According to a quarterly BoE survey, the British public’s projections of inflation over next one to two years increased to their joint-highest level in almost a decade and confidence with the Bank of England decreased. Although not all officials are compelled that the data provide a useful indicator of future behaviour, central bankers closely monitor […]