CRUDE OIL
Crude oil prices fell by 0.23 percent on Wednesday at the domestic markets as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,415 per barrel, down by 0.23 percent, after opening at Rs. 3,411 against the previous closing price of Rs. 3,423. It touched the intra-day low of Rs. 3,407 till the trading.
Crude oil prices fell by 0.23 percent on Wednesday at the domestic markets as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,415 per barrel, down by 0.23 percent, after opening at Rs. 3,411 against the previous closing price of Rs. 3,423. It touched the intra-day low of Rs. 3,407 till the trading.
COPPER
Copper prices fell by 0.67 percent on Wednesday after activity in China's factory sector shrank for the first time in seven months in December, a private survey showed on Wednesday which reduced the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.60 per 1 kg, down by 0.67 percent, after opening at Rs. 403.75 against the previous closing price of Rs. 403.30. It touched the intra-day low of Rs. 400.50 till the trading.
Copper prices fell by 0.67 percent on Wednesday after activity in China's factory sector shrank for the first time in seven months in December, a private survey showed on Wednesday which reduced the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.60 per 1 kg, down by 0.67 percent, after opening at Rs. 403.75 against the previous closing price of Rs. 403.30. It touched the intra-day low of Rs. 400.50 till the trading.
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