Base Metals & Energy
DAILY BUZZ
CRUDE OIL
Crude oil futures fell 0.52
per cent to Rs 6,118 per barrel on Monday as speculators reduced
their positions amid a weakening trend in Asian trade.
At the Multi Commodity
Exchange, crude oil for delivery in August shed Rs 32, or 0.52 per
cent, to Rs 6,118 per barrel in 1,025 lots. In a similar manner, the
oil for September delivery moved down by Rs 21, or 0.34 per cent, to
Rs 6,088 per barrel in 32 lots.
Meanwhile, West Texas
Intermediate (WTI) crude for September delivery dipped 51 cents to
$101.58 while Brent crude for September declined 43 cents to $107.96
a barrel at the New York Mercantile Exchange in late morning trade on
Monday.
ALUMINIUM
Aluminium futures edged
higher by 0.25 per cent to Rs 119.90 per kg today as speculators
enlarged positions amid pick-up in demand at spot markets. Besides, a
firming trend in base metals at the London Metal Exchange (LME) also
supported the upside. At the Multi Commodity Exchange, Aluminium for
delivery in July rose 30 paise, or 0.25 per cent, to Rs 119.90 per
kg, with a business turnover of 163 lots. The metal for delivery in
August also rose by a similar margin to trade at Rs 120.70 per kg in
a turnover of 22 lots. Marketmen said apart from a firming trend in
base metals pack at the LME, rising demand at spot markets influenced
aluminium prices at futures trade here.
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