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CRUDE OIL FUTURES ROSE ON TROPICAL STORM STRENGHT LOST

At the MCX, Crude oil futures for Oct contract was trading at Rs. 2957.00 per barrel, up by 2.39%, after opening at Rs.2921.00 per barrel, against a previous close of Rs. 2888.00 per barrel. It touched an intra-day low of Rs. 2895.00 per barrel and high of Rs.2966.00 per barrel in the future market.

Crude Oil rose on Tuesday as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases.

Natural gas futures rose to Rs 138.70 per mmBtu on September 22 as participants increased their long positions as seen by the open interest.

Silver prices edged lower to Rs 60480.00 per kg on September 22 as participants increased their short positions as seen by the open interest.

Gold futures on Tuesday fell by 0.25 per cent to Rs 50,334 per 10 gram as participants offloaded their holdings on low spot demand.

On Multi Commodity Exchange, Commodities like Natural Gas, Crude Oil, Zinc, Copper, Cotton, CPO futures were the gainers, gained by 2.89%, 2.39%, 0.75%, 0.60%, 0.28%, 0.18% respectively. While Commodities like Crude Oil, Silver, MCX Bulldex, Gold Petal, Gold Guinea, Gold, GoldM, Lead, Aluminium, Mentha Oil, Nickel were the losers with a loss of 4.71%, 1.36%, 0.47%, 0.37%, 0.35%, 0.25%, 0.23%, 0.10%, 0.07%,0.04%, 0.03% respectively.



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