Wednesday 20 February 2013

Commodity Market Update (Crude Oil)


Gold futures on CMX is trading flat at $1605 with a minor gain of $1.5 or 0.08% while Silver prices are at $29.56, up by 13 cents or half a percent at the time of writing this. Prices are likely to trade in a range with a negative bias for the day. Base metals across the LME is trading mixed with Nickel extending its previous session’s decline and trading at $17297, lower by 93 points or 0.31% while other metals are trading marginally higher since morning. NYMEX Crude Oil and Natural Gas are trading marginally higher today; Crude futures are at $96.96 adding 0.30% or 30 cents and Natural Gas is at $3.287, up by almost half a percent.

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