Thursday 16 October 2025
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wn.com - 2 hours ago

Commodity wrap: oil recovers as India eyes Russian import gold, silver extend rally

Most commodities were in the green on Thursday even as gold prices hit new record highs on safe-haven demand. Oil prices recovered some of their losses from the last few sessions as India may stop buying Russian crude oil, which could reshape global oil flows. Meanwhile, silver prices rose more than 2% on Thursday as supply concerns continued to boost sentiments. Oil recovers On Thursday, oil prices remained steady as traders anticipated a potential suspension of India s Russian oil imports. This development could alter global oil flows and increase demand for alternative supplies. Indian Prime Minister Narendra Modi reportedly assured US President Donald Trump on Wednesday that India...


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