Wednesday, 20 November 2013

Commodity Market Update: (Crude Oil)

Precious metals on COMEX are trading almost flat as investors opted to stay on the sidelines ahead of the release of FOMC meeting minutes on Thursday at 12.30AM. Actively traded Gold contract is trading at 1270.80, down 2.70 points or 0.23% while front month Silver is trading flat at 20.34 an ounce. With the exception of Nickel, Base Metals are trading slightly higher on LME with Copper trading at 6975.50, higher by 10.75 points after having tested a high of 7020.00 per metric ton. Nickel is losing 40 points or 0.29% to trade at 13590.00. WTI Crude Oil was trading higher in the earlier session but later on erased all its gains and trading in red at 93.24 as we write this. Front month Natural Gas is up 1.63% or 0.06 points or 3.61 per mmbtu.

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