Wednesday, 26 December 2012

Commodity Market Update (Crude Oil)



Precious metals are trading silent with a nominal decline of just 0.02% at $1659.10, near to the previous settlement while Silver is trading positive by 0.28% or +8 cents at $29.985 on CMX. Oil futures on NYMEX are higher by half a percent or 53 cents and trading at $89.15, whereas Natural Gas prices are lower by 0.81% at $3.318. Base metals prices are trading in a tight range with a negative bias while lack of participants as LME is closed today may lead to low volatility. Copper near month contract on MCX is at Rs.436.25, trading unchanged.

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