Wednesday, 29 May 2013

Commodity Market Update (Crude Oil)

On CMX, Precious metals are trading silent since morning with Gold trading at $1384.70, up by $5.80 or 0.42% and front month Silver futures trading almost flat at $22.20 with a meager gain of 0.01% per ounce. Base metals are trading mixed on the London Metal Exchange due to mixed bag of economic data from US and China. 3-month Copper is losing 0.75% or $53.25 to trade at $7260.0 while Aluminum is gaining almost half a percent or $8.00 to trade at $1859.00. WTI Crude Oil is trading lower since morning, fell almost half a percent or 45 cents to trade at $94.60 and Natural Gas is trading in red at $4.16 with a marginal decline of 1 cent or 0.34% per mmBtu.

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