CRUDE OIL TRADED HIGHER AFTER U.S. PRESIDENT DONALD TRUMP RETURNED TO THE WHITE HOUSE

At the MCX, Crude oil futures for Oct contract was trading at Rs. 2917.00 per barrel, down by 0.62%, after opening at Rs.2889.00 per barrel, against a previous close of Rs. 2899.00 per barrel. It touched an intra-day low of Rs. 2873.00 per barrel and high of Rs.2925.00 per barrel in the future market.

Crude Oil prices edged higher on Tuesday after U.S. President Donald Trump returned to the White House from hospital after being admitted for treatment for COVID-19.

Natural gas futures traded firm at Rs 197.70 per mmBtu on October 6 as participants increased their long positions, as seen by the open interest.

Copper prices rose 0.39 per cent to Rs 511.80 per kg in futures trade on Tuesday on pick up in spot demand.

Nickel prices on Tuesday rose by 1.11 per cent to Rs 1,074.00 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market.

On Multi Commodity Exchange, Commodities like Lead, Nickel, Zinc, Natural Gas, Crude Oil, Aluminium, Mentha Oil, Copper, Gold, GoldM, Gold Petal, MCX Bulldex, CPO, Gold Guinea futures were the gainers, gained by 1.39%,1.11%,1.02%,0.67%, 0.62%,0.625, 0.53%,0.39%,0.33%, 0.30%, 0.29%, 0.28%,0.26%, 0.21% respectively. While Commodities like Cotton, Cardamom, Silver futures were the losers with a loss of 0.65%, 0.06%, 0.03% respectively.