CRUDE OIL
Crude oil futures today fell by Rs 54 to Rs 2,893 per barrel as speculators trimmed positions amid a weak global trend. At the Multi Commodity Exchange, crude oil for delivery in January fell by Rs 54, or 1.57 per cent, to Rs 2,893 per barrel in 1,774 lots. Besides, oil for February delivery moved down by Rs 45, or 1.50 percent, to Rs 2,953 per barrel in 995 lots. Analysts said the fall in crude prices at futures trade was primarily after it fell in overseas market as dealers eyed weak demand, abundant global crude supplies and the uncertain world economic outlook. Meanwhile, West Texas Intermediate crude for February delivery shed 80 cents to $47.68, while Brent crude for February delivery slid 34 cents to $ 48.35 a barrel in late afternoon
London deals yesterday.
Crude oil futures today fell by Rs 54 to Rs 2,893 per barrel as speculators trimmed positions amid a weak global trend. At the Multi Commodity Exchange, crude oil for delivery in January fell by Rs 54, or 1.57 per cent, to Rs 2,893 per barrel in 1,774 lots. Besides, oil for February delivery moved down by Rs 45, or 1.50 percent, to Rs 2,953 per barrel in 995 lots. Analysts said the fall in crude prices at futures trade was primarily after it fell in overseas market as dealers eyed weak demand, abundant global crude supplies and the uncertain world economic outlook. Meanwhile, West Texas Intermediate crude for February delivery shed 80 cents to $47.68, while Brent crude for February delivery slid 34 cents to $ 48.35 a barrel in late afternoon
London deals yesterday.
ZINC
Zinc prices rose by 1.10 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 strong demand for the commodity. LME zinc stocks fell by 3275 metric tonnes to 658100 metric tonnes as on January 16, 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 128.20 per kg, up by 1.10 percent after opening at Rs. 127 against the previous closing price of Rs. 126.80. It touched the intra-day high of Rs. 128.50 till the trading.
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