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.
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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