Wednesday, 17 April 2013

Commodity Market Update (Crude Oil)


Precious metals are trading lower after a slight recovery on Tuesday. The most actively traded Gold futures on CMX is at $1382.5, lower by 0.20% and Silver is trading at $23.41, down by almost a percent at the time of writing this. Base metals on LME are trading in red with Copper at $7190.00, eased the most by 1.5% along with all other metals. Crude Oil futures are trading lower by 0.86% or $87.97 while Gas futures on NYMEX is at $4.18, adding almost 3 cents at the time of writing this.

Data to watch: US Crude Oil Inventories @ 8.00 PM.

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