Commodity Market Update (Crude Oil)

Precious Metals are trading in red today – Gold futures are down 2.60 and Silver is down 0.04 to trade at 1239.10 and 19.83 an ounce respectively on COMEX; prices in the domestic market are also down nearly half a percent to trade at 29150.0 and 44315.0 today. Base Metals traded on LME are also trading lower today, copper is down 36.5 or 0.50% to 7308.50 per ton while Aluminum is the worst performer today, losing 0.61% to trade at 1790.0 at the time of writing this. Both, precious and base metals are likely to trade with a negative bias. Crude Oil is up 0.46% to trade at 95.25 per barrel while Natural Gas is up sharply to trade at 4.49, up 1.35% from the previous close. Oil and Gas is expected to trade with a positive bias today.