Thursday, 4 July 2013

Commodity Market Update (Crude Oil)

On CMX, precious metals are trading lower since morning but will not settle due to US Bank Holiday in observance of US Independence Day. Actively traded Gold contract is trading at $1248.90, down 0.24% $3.0 and Silver is losing to $19.55, lower by .80% or 17 cents. On NYMEX, Crude Oil is declining 0.36% to trade at $100.88 while Natural Gas is trading almost flat at $3.67 per mmBtu. On LME, base metals are trading lower since morning due to lesser market participations with Copper trading at $6937.50, down almost half a percent. On domestic bourses, most of the commodities are trading lower due to a stronger rupee against the dollar which appreciated 0.20% to Rs 60.31 at the time of writing this.

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