CRUDE OIL PLUNGED ON SPOT DEMAND

At the MCX, Crude oil futures for Oct contract was trading at Rs. 2978.00 per barrel, down by 1.55%, after opening at Rs.3007.00 per barrel, against a previous close of Rs. 3025.00 per barrel. It touched an intra-day low of Rs. 2971.00 per barrel and high of Rs.3026.00 per barrel in the future market.

Crude oil futures on Friday fell by 1.55 per cent to Rs 2,978.00 per barrel as participants reduced their positions on low demand.

Gold edged up amid weakness in US dollar index, however, improved risk sentiment has limited upside while ETF investors remain on sidelines.

Zinc prices on Friday rose by 1.93% to Rs 195.40 per kg in futures trade tracking a firm trend in physical markets on the back of pick up in spot demand.

On Multi Commodity Exchange, Commodities like Nickel, Zinc, Silver, CPO,MCX Bulldex, Gold, GoldM, Gold Petal ,Copper, Natural Gas, Gold Guinea, Aluminium, Lead, Cotton futures were the gainers, gained by 2.14%,1.93%, 1.57%,1.14%, 1.115, 0.93%, 0.89%, 0.83%, 0.71%, 0.71%, 0.67%, 0.61%, 0.51%, 0.44% respectively. While Commodities like Crude Oil, Mentha Oil futures were the losers with a loss of 1.55%, 0.82% respectively.