At the MCX, Crude Oil futures for Oct contract was trading at Rs. 2963.00 per barrel, down by 1.04% after opening at Rs.2968.00.00 per barrel, against a previous close of Rs. 2994.00 per barrel. It touched an intra-day low of Rs. 2950.00 per barrel and high of Rs. 2994.00 per barrel in the future market.
Crude Oil prices fell on Friday on concerns that major producers will move ahead with plans to ease their supply cuts even as a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world's biggest fuel consuming regions.
Gold Futures traded flat on Friday amid steady US dollar and indecisiveness of US lawmakers about economic stimulus.
Nickel prices on Friday rose by 0.82 per cent to Rs 1,139.80 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market.
Aluminium prices on Friday softened by 0.43 per cent to Rs 149.75 per kg in futures trade as speculators cut bets amid subdued demand in spot market.
On Multi Commodity Exchange, Commodities Cotton, Nickel, CPO, Silver, MCX Bulldex, Gold Guinea futures were the gainers, gained by 0.94%, 082%, 0.51%,0.40%, 0.12%, 0.02% respectively. On other hand, Crude Oil, Zinc, Copper, Lead, Aluminium, Mentha Oil, GoldM, Natural Gas, Gold ,Gold Petal Futures were the losers, lose by 1.04%,0.75%, 0.53%, 0.44%, 0.43%, 0.33%,0.06%, 0.05%, 0.04%, 0.04% respectively.