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India’s coal-based power demand rose to a record high in fiscal year 2024 as the country faced its longest-ever heatwave, which maintained a strong need for electricity. The Ministry of
Oil prices posted small gains on Wednesday, appearing less affected by a surprise increase in US oil stocks as geopolitical turmoil in Europe and the Middle East continues to intensify.
Key Points: Copper hits a two-month low at $9,655 per ton due to weakening demand in China. Soft economic data from China pressures copper prices, reflecting global commodity market impacts.
Oil prices eased on Tuesday following an upturn earlier in the session that was driven by potential firming in crude demand and optimism over the Organization of Petroleum Exporting Countries
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