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Commodities

Crude swings lower
Crude futures rose right after the Opec decision on a relief rally after the losses of the past two days.
DGCX’s deal with Bank of China to up interaction
The agreement creates a frame-work for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
Oil hits 2015 peak... then slips
Five-month highs reached on unexpected drop in US reserves; metals climb.
Struggling dollar, US economy lift most prices
“The softer dollar provided upside momentum for most commodity prices.”
Saudi Arabia oil output near record high in April, says minister
Opec had said its overall output surged to 30.79 million barrels per day in March, up 810,000 bpd from the previous month.
Kuwait says finds four new promising oilfields
The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes.
Oil spurts as US shale output eases; others mixed
Oil prices have fallen as much as 50 per cent since mid-2014 on the back of copious global supplies and weak demand.
Higher sales brewing for India tea exports
Barkakoty is hoping the crop-damaging drought in top tea exporter Kenya will open a window of opportunity for Indian planters like him as rains improve output prospects at home.
Oil climbs more than $1 after Saudi Arabia's Asia price hike
But expectations of an immediate increase in supply have been tempered as analysts warned a ramp-up in exports could take months and would likely not happen before 2016.
Oil slides on Iran nuclear deal
Easing of economic sanctions could lead to a potential crude oversupply.
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