Base Metals & Energy
Crude oil prices fell by
2.55 per cent on Monday at the domestic markets as supply worries
weighed on sentiment following the release of a mostly bearish report
from the International
Energy Agency on global oil supply and
demand. The IEA warned that an oil-price recovery
remained fragile
amid a production rebound in the US In the week ahead, market players
will
focus on the conclusion of the Federal Reserve's two-day
monetary policy meeting on
Wednesday, which could provide
indications on how soon it might raise interest rates. At the
MCX,
crude oil futures for March 2015 contract were trading at Rs. 2,793
per barrel, down by
2.55 per cent, after opening at Rs. 2,852
against the previous closing price of Rs. 2,866. It
touched the
intra-day low of Rs. 2,787 till the trading.
Zinc prices fell by 0.20
per cent on Monday at the domestic markets. Zinc futures for March
2015
contract, at MCX, were trading at Rs 126.70 per kg, down by
0.20 per cent after opening at Rs.
127.45 against the previous
closing price of Rs. 126.95. It touched the intra-day high of Rs.
126.30 till the trading.
No comments:
Post a Comment