CRUDE OIL FUTURES SHED ON INCREASING CORONA VIRUS

At the MCX, Crude Oil futures for Dec contract was trading at Rs. 3036.00 Per Barrel, down by 2.79%, after opening at Rs.3048.00 Per Barrel, against a previous close of Rs. 3123.00 Per Barrel. It touched an intra-day low of Rs. 3004.00 Per Barrel and high of Rs.3048.00 Per Barrel in the future market.

Crude Oil prices fell in early trade on Friday as a spike in the number of COVID-19 infections raised fears for the global economy and near-term fuel demand.

Natural gas futures traded lower at Rs 222.40 per mmBtu as market players positioned for the EIA weekly inventory report.

Gold Futures traded higher at Rs.50683.00 per 10 gms on Friday amid the festive demand on the occasion of Dhanteras.

Cotton futures traded weak at Rs 19690.00 per bale on November 13 as participants increased their short positions as seen from open interest.

On Multi Commodity Exchange, Commodities like CPO ,Lead, Mentha Oil, Copper, Gold petal, Aluminium, Gold Guinea, GoldM, Silver, MCX Bulldex Gold, MCXMetldex, Zinc futures were the gainers, gained by 0.36%, 0.36%, 0.32%, 0.32%, 0.27%, 0.25%, 0.23%, 0.18%, 0.18%, 0.18%, 0.16%, 0.15%, 0.10% respectively. While Commodities like Crude Oil, Natural Gas, Cotton, Nickel futures were the losers with a loss of 2.79%, 1.46%, 0.40%,0.11% respectively.