MORNING UPDATE: CRUDE OIL FUTURE TRADES IN NEGATIVE; DOWN BY 0.73%

Commodity Market was trading mixed in early with base metals and agri commodities were opened with positive note and continued to trade positively while energy and Gold prices were trading down on Friday.

Crude oil price was trading above half a percent down to Rs.4210 per barrel. Crude oil Prices extended losses after IEA and OPEC lowered oil demand outlook for the year indicating slower than expected demand recovery.

April future failed to hold its gains and declined below the 5 day. Gold Price is still moving downward. Currently, Gold Apr future was trading 0.11% lower to Rs. 47456 per 10 gms.