Commodity Market Update (Crude Oil)

Precious Metals are trading higher today, gold futures are at 1317.40, up 9.30 or 0.71% and silver at 21.91, up 27 cents or 1.29%. Domestic prices are also higher with support from the rupee, gold at 29952.0 and silver at 48836.0, gaining 0.88% and 1.41% respectively. The rupee was trading at 62.63, down 60 paise or nearly a percent against the dollar at the time of writing this. Base Metals are also trading higher with three month copper futures at 7191.75, up 28.50 or 0.40%. On MCX, copper is up over half a percent at 452.25. Crude Oil is up 0.74% to trade at 94.11 on NYMEX whereas Natural Gas is almost unchanged at 3.47.

Economic Releases: Crude Oil Inventories