Market News

    Oil prices lower on U.S.-China trade tension

    MELBOURNE (Reuters) - Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as U.S.-China trade tension could hold back an economic recovery even as coronavirus pandemic lockdowns start to ease.

    Rain guard shortage amidst lockdown may hit natural rubber production

    Short supply of rain guard gear in plantations has cast a shadow over the prospects of natural rubber (NR) production, amidst a spate of summer showers in south India. Along with the lockdown woes and pandemic worries, this crucial handicap may do its share in whittling down Rubber Board’s NR production for next year by at least 10%.