Indian mills have purchased between 70,000 and 80,000 tonnes of Australian prime wheat at $260-$265 a tonne.
During 2014, US oil production increased by 1.2 million barrels per day to 8.7 million barrels per day.
European Benchmark Brent oil fell to $55.50 a barrel as Iran talks resumed in Switzerland.
Hedge fund manager Pierre Andurand warns crude prices could drop to $30 amid concerns of Middle East supply disruptions.
Goldman Sachs has offered Chevron's 135 million Caltex shares to local and international investors on 27 March.
Crude prices fall by $1 a barrel despite Saudi-led bombing campaign in neighbouring Yemen.
World Gold Council says US centric explanations about gold prices are risky for investors.
UK government had announced tax cuts in bid to increase investment in North Sea oil and gas.
Ships crossing from the Middle East to Europe must pass Yemeni strait of Bab el-Mandab.
Ihor Kolomoisky removed from Dnipropetrovsk post over an oil firm dispute.
Libyan Islamist militants have pledged allegiance to Isis and carried out atrocities.
US oil magnate and BP Capital boss T Boone Pickens says the idea of 'peak oil' should not be dismissed.
Smith remains highly sceptical over shale oil extraction.
State-owned Aramco has an over 10% market share in China and now wants to boost supplies, says CEO Khalid Al-Falih.
Prices could even dip beyond those levels for a brief period, warns oil expert and FGE chairman Fereidun Fesharaki.