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Thursday, 20 September 2012

Commodity Market Update (Crude Oil)














Precious Metals are trading marginally higher today by 5.4 or 0.30% at 1776.0 while Silver is trading marginally lower at 34.68 an ounce since morning. Bullions are likely to open slightly higher since la
st close today. Base Metals on LME are trading higher with the exception of Aluminum which is down 0.37%.; three month Copper and Nickel are trading higher by 34.0 and 201.0 at 8337.0 and 17901.0 respectively. Energy prices are lower on NYMEX with active Crude oil contract lower by almost a percent at 94.79 while Natural Gas is trading at 2.74, down 0.90%.

Key Economic Releases: US Building Permits and Housing starts, Existing Home Sales and Crude Oil Inventories at 8.00 pm

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