CRUDE OIL REMAINED STABLE ON TODAY’S TRADING SESSION

At the MCX, Crude oil futures for Sep contract was trading at Rs. 2770.00 per barrel, up by 0.80%, after opening at Rs.2738.00 per barrel, against a previous close of Rs. 2748.00 per barrel. It touched an intra-day low of Rs. 2727.00 per barrel and high of Rs.2798.00 per barrel in the future market.

Crude Oil remained stable on Tuesday ahead of an OPEC+ meeting scheduled for Thursday.

Natural gas futures eased to Rs 170.00 per mmBtu on September 15 on short-covering of positions by participants as seen from the open interest.

Gold prices gained in Tuesday’s trade ahead US Federal Reserve’s policy meet while continuous jump in Covid-19 cases also helped the demand for bullion counters.

Silver prices rose 0.81% to Rs 69,523.00 per kg in futures trade on Tuesday as participants widened their bets on firm spot demand.

On Multi Commodity Exchange, Commodities like Zinc, Silver, Crude Oil, Gold, MCX Bulldex, GoldM, Lead, Gold Petal, Cotton, Aluminium, Gold Guinea, Copper, Nickel futures were the gainers, gained by 1.43%, 0.81%,0.80%, 0.70%, 0.67%, 0.60%, 0.54%, 0.51%, 0.39%, 0.38%, 0.35%, 0.26%,0.16% respectively. While Commodities like Natural Gas, Mentha Oil, CPO were the losers with a loss of 0.41%, 0.21%, 0.08% respectively.