Wednesday, 12 December 2012

Commodity Market Update (Crude Oil)

Precious metals are trading mixed with Gold futures are at $1716.20, up by $6.7 or 0.39% and Silver for near month delivery on COMEX is moving up by 0.58% or 19 cents to $33.2050. On base metals, prices are trading in green. Three-month Copper is at $8142.75 trading higher by 0.70% along with all other metals. Crude Oil and Natural Gas prices are trading higher by 0.56% each; Oil futures are at $86.27 and Natural Gas is at $3.4310. Traders are eagerly waiting for the outcome of the US Federal Open Market Committee's final meeting, concluding with a statement today.

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