CRUDE OIL
Crude oil prices fell by 0.65 per cent on Friday at the domestic markets with key producers showing no signs of cutting output in the face of a global supply glut.
Crude oil prices fell by 0.65 per cent on Friday at the domestic markets with key producers showing no signs of cutting output in the face of a global supply glut.
At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,075 per barrel, up by 0.65 percent, after opening at Rs. 3,075 against the previous closing price of Rs. 3,055. It touched the intra-day high of Rs. 3,093 till the trading.
ZINC
Zinc prices rose by 0.04 percent on Friday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 3200 metric tonnes to 673175 metric tonnes as on Jan 9, 2015.
Zinc prices rose by 0.04 percent on Friday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 3200 metric tonnes to 673175 metric tonnes as on Jan 9, 2015.
Zinc futures for January 2015 contract, at MCX, were trading at Rs 134.75 per kg, up by 0.04 percent after opening at Rs. 134.50 against the previous closing price of Rs. 134.70. It touched the intra-day high of Rs. 135.40 till the trading.
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