CRUDE OIL DOWN ON WORRIES ABOUT THE IMPACT ON FUEL DEMAND OF A WIDESPREAD RESURGENCE IN CORONAVIRUS INFECTIONS

At the MCX, Crude Oil futures for Oct contract was trading at Rs. 2943.00 per barrel, down by 1.01% after opening at Rs.2992.00 per barrel, against a previous close of Rs. 2973.00 per barrel. It touched an intra-day low of Rs. 2935.00 per barrel and high of Rs. 3004.00 per barrel in the future market.

Crude oil prices on Friday down by 1.01% to Rs 2,943.00 per barrel mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.

Natural gas futures were steady at Rs. 210.30 per mmBtu on September 25 as participants increased their long positions.

Gold futures on Friday fell by 0.77 per cent to Rs. 49521.00 per 10 gram as participants offloaded their holdings on low spot demand.

Silver prices edged lower to Rs. 58,170.00 per kg on September 25 as participants increased their short positions.

On Multi Commodity Exchange, Commodities like CPO , Cardamom, Mentha Oil, Aluminium futures were the gainers, gained by 3.21%,2.53%,048%,0.11% respectively. On other hand, Silver, Natural Gas ,MCX Bulldex, Crude Oil, GoldM, Lead, Zinc, Gold, Gold Petal, Gold Guinea, Copper, Cotton, Nickel were the losers, lose by 2.45%,1.36%, 1.16%, 1.01%, 0.97%, 0.92%, 0.84%, 0.77%, 0.75%, 0.71%, 0.61%,0.44%,0.32% respectively.