CRUDE OIL GAINED ON EXPECTION OF PRODUCTION CUT

At the MCX, Crude Oil futures for Nov contract was trading at Rs. 3087.00 Per Barrel, up by 0.42%, after opening at Rs.3094.00 Per Barrel, against a previous close of Rs. 3074.00 Per Barrel. It touched an intra-day low of Rs. 3059.00 Per Barrel and high of Rs.3108.00 Per Barrel in the future market.

Crude oil traded higher on expectations OPEC and its allies will extend oil production cuts for at least three months.

Aluminium prices on Tuesday edged up 0.59 per cent to Rs 161.59 per kg in futures trade as speculators built up fresh positions amid a positive trend in spot market.

Gold prices on Tuesday rose by 0.14% to Rs 50899.00 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

Silver futures on Tuesday dropped by 0.13% to Rs 63,610.00 per kg as participants reduced their bets on low demand.

On Multi Commodity Exchange, Commodities like Aluminium, Crude Oil, CPO, Zinc, Lead, MCXMetldex, Gold, GoldM, Gold Guinea, MCX Bulldex, Gold Petal, Copper futures were the gainers, gained by 0.59%,0.42%,0.38%,0.23%, 0.16%, 0.15%,0.14%,0.11%, 0.08%, 0.08%, 0.06%, 0.05% respectively. While Commodities like Narural Gas, Nickel, Mentha Oil, Cotton, Silver futures were the losers with a loss of 0.98%,0.39%,0.32%, 0.30%, 0.13% respectively.