CRUDE OIL FUTURES SLUMPED ON LOW DEMAND

At the MCX, Crude Oil futures for Oct contract was trading at Rs. 2979.00 per barrel, down by 0.33% after opening at Rs.2975.00 per barrel, against a previous close of Rs. 2989.00 per barrel. It touched an intra-day low of Rs. 2966.00 per barrel and high of Rs. 2995.00 per barrel in the future market.

Crude Oil traded with lower note on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy.

Natural Gas futures fell on Today as participants increased their short positions, seen by the open interest.

Gold Futures is trading above Rs.50,000 per 10 gms tracking the positive trend seen in the international spot prices.

Silver future traded higher on Tuesday tracking weakness in the US dollar and recovery in gold and industrial metals.

On Multi Commodity Exchange, Commodities like Silver, Mentha Oil, MCX Bulldex ,Gold Petal, Gold Guinea, GoldM, Gold, CPO, Nickel futures were the gainers, gained by 0.95%,0.59%, 0.48%, 0.47%, 0.44%, 0.33%, 0.31%, 0.18%, 0.02% respectively. On other hand Natural Gas, Copper, Lead, Cotton, Crude Oil, Aluminium, Zinc Futures were the losers, lose by 1.17%,0.59%, 0.37%, 0.33%, 0.33%,0.31%,0.23% respectively.