Wednesday 18 May 2016

Rising Crude Prices-Commodity Market Overview

Commodity Market Overview
Crude oil prices are continuing steping-up. In domestic market crude oil is trading on 3240 while in global market its prices are near to 49 dollar per barrel. Increasing price of crude oil may bring a problematic situation in India. A major reason behind this rising of prices is the blast in oil pipeline by terrorist in Nigeria. Another reason can be the decrease in manufacturing of crude in America, Canada and China. A bit drop in prices of gold is seen. Price of gold has dropped below 1275 dollar while silver is at 17 dollar. In domestic market, prices of gold has reached to 30,016 and silver is trading on 41,025. In base metal section, Aluminium dropped 0.15 percent to 100 Rupees while Copper is trading on 310 rupees. There is a 0.17 percent uplift in Lead. In Agri-Commodities, the July agreement of Sugar increased 0.2 percent to 3564 rupees.

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