Wednesday 24 September 2014

Commodity Market Update (Crude Oil)

Gold and Silver on COMEX are trading mixed with Gold trading at 1221.90, up 0.90 points after having tested a high of 1225.50 while Silver is losing around half a percent to trade at 19.695 an ounce. WTI Crude Oil is trading silent with negative bias as traders are waiting for tonight’s Oil stockpiles report. Light Sweet Crude Oil futures, near month contract is trading at 91.56 while Natural Gas is trading at 3.826, up a cent or 0.26% per mmbtu. On LME, Base metals are trading mixed since morning with Copper trading at 6709.75 after having tested a high of 6769.50 while Zinc is up 7.25 points or 0.32% to trade at 2263.75 after having tested a high of 2278.00 per metric ton.

Photo: Commodity Market Update (Crude Oil):
Gold and Silver on COMEX are trading mixed with Gold trading at 1221.90, up 0.90 points after having tested a high of 1225.50 while Silver is losing around half a percent to trade at 19.695 an ounce. WTI Crude Oil is trading silent with negative bias as traders are waiting for tonight’s Oil stockpiles report. Light Sweet Crude Oil futures, near month contract is trading at 91.56 while Natural Gas is trading at 3.826, up a cent or 0.26% per mmbtu. On LME, Base metals are trading mixed since morning with Copper trading at 6709.75 after having tested a high of 6769.50 while Zinc is up 7.25 points or 0.32% to trade at 2263.75 after having tested a high of 2278.00 per metric ton.

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