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CRUDE OIL FUTURES CLIMBED AFTER IRAN SEIZES BRITISH TANKER

At the MCX, Crude oil futures for Aug 2019 contract was trading at Rs. 3925.00 per barrel, up by 2.53 %, after opening at Rs. 3876.00 per barrel, against a previous close of Rs. 3828.00 per barrel. It touched an intra-day low of Rs. 3875.00 per barrel and high of Rs. 3943.00 per barrel.

Crude oil climbed in futures trade on today as speculators were indulged in creating positions, taking positive cues from the domestic market.

Oil prices rose on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field.

Gold prices jumped in futures trade on Monday as a sharp selloff in equities raised the demand for gold as a safe-haven metal. Silver also saw marginal gains on heightened demand by industrial units and coin makers at the spot market.

MCXCOMDEX opened with positive note at 3712.30 and traded up by 0.70% at 3737.20. Commodities like Crude oil, Cardamom, Natural Gas, Silver, CPO, Gold, Zinc, Cotton, Lead were stood as top gainers, gained 2.53%, 1.90%, 1.67%, 1.29%, 0.40%, 0.27%, 0.18%, 0.05%, 0.03% respectively. On the other hand, Mentha oil, Nickel, Aluminium, Copper futures were stood as top losers, lose by 2.81%, 0.81%, 0.42%, 0.08% respectively.

Domestic stock market once again came under heavy selling pressure on Monday and extended their decline to the third consecutive session led by losses in index heavyweights HDFC duo, and banking and financial stocks along with rising crude oil prices. Both Sensex and Nifty ended nearly 1 per cent lower. Sensex lost 305.88 points or 0.80% to settle at 38031.13 and Nifty slipped 82.10 points or 0.72% to settle at 11337 .15 levels.



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