CRUDE OIL GAINED AFTER JOE BIDEN CLINCHED THE U.S. PRESIDENCY

At the MCX, Crude Oil futures for Dec contract was trading at Rs. 2807.00 Per Barrel, up by 1.48%, after opening at Rs.2796.00 Per Barrel, against a previous close of Rs. 2766.00 Per Barrel. It touched an intra-day low of Rs. 2796.00Per Barrel and high of Rs.2829.00 Per Barrel in the future market.

Crude Oil prices rose on Monday after Joe Biden clinched the U.S. presidency and buoyed risk appetite, offsetting worries about impact on fuel demand from the worsening corona virus pandemic.

Natural gas futures slumped to Rs 211.30 per mmBtu on November 9 as participants increased their short positions, as seen by the open interest.

Gold future traded with gains on Monday's session tracking international prices as Joe Biden’s win in the US softened dollar.

Silver prices jumped to Rs 66,079 per kg on November 9 as participants increased their long positions as seen by the open interest.

On Multi Commodity Exchange, Commodities like Nickel, Crude Oil, Zinc, MCX Metldex, Silver, Lead, MCX Bulldex ,Copper, Gold Guinea, Copper ,Gold Guinea, Aluminium, Gold Petal, Gold, GoldM, Cotton, CPO futures were the gainers, gained by 2.69%, 1.48%, 1.34%, 1.15%, 1.14%, 0.77%, 0.61%, 0.54%,0.49%,0.48%, 0.46%, 0.41%,0.40%, 0.36%,0.18% respectively. While Commodities like Natural Gas ,Mentha Oil futures were the losers with a loss of 1.58%,0.57% respectively.