Wednesday 5 March 2014

Commodity Market Update (Crude Oil)

Gold and Silver prices on CMX are trading silent since morning with Gold trading at 1335.00, down 3 points or 0.22% while Silver is trading in green at 21.265, up 0.20% or 4 cents an ounce. Base metals prices on LME are continuing their last session’s rally with Copper trading at 7066.00, up 17 points while Nickel’s performance is outstanding, surge more than a percent or 155 points to trade at 15280.00 , followed by rest of the metals. WTI Crude Oil is trading silent at 103.28 after a small range bound trading session while Natural Gas retreat from the high of 4.722 before settling flat at 4.668 per mmbtu. Oil traders are waiting for Crude Oil Inventories report which will be released tonight at 9.00PM.

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