Wednesday, 12 February 2014

Commodity Market Update (Crude Oil)

Commodity Market UPdate (Crude Oil):
Gold prices on COMEX are retreating from its three months highest level and ended its last five days winning streak. COMX Gold futures, near month delivery fell 0.30% or 4 points to trade at 1286.00 while Silver is trading at 20.13, down 0.11% an ounce. Base metal prices on LME are trading higher since morning with Copper trading at 7134.50, up 0.40% while Nickel is leading the group, gain 1.52% or 215 points to trade at 14386.00, followed by rest of the meatls. WTI Crude Oil advances since morning on NYMEX and trading at 100.56, up 0.61 points or 0.62% per barrel while Natural Gas is trading at 4.886, surge by 1.29% or 6 cents after having tested a high of 5.028 per mmbtu.

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