Crude Oil futures fell 0.17 percent to Rs 2,943 per barrel today amid a weak trend in Asian markets. At the Multi Commodity Exchange, crude oil for delivery in February eased by Rs 5, or 0.17 percent, to Rs 2,943 per barrel in 1,702 lots. The March contract of oil shed Rs 4, or 0.13 percent, to Rs 3,014 per barrel in 45 lots. Analysts said a weak trend in Asian trade as dealers await a much-anticipated European Central Bank policy meeting and the release of the latest US supply report kept crude oil futures prices under pressure here.
Zinc futures ended lower in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further, a stronger dollar curbed the demand for zinc as an alternative asset. Stronger greenback makes the industrial metal more expensive for those holding other currencies, thus dimming demand.
At the MCX, Zinc futures for January 2015 contract closed at Rs 131.10 per 1 kg, down by 0.27 per cent after opening at Rs 131.25, against the previous closing price of Rs 131.45. It touched the intra-day low of Rs 130.75 till the closing.
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