CRUDE OIL TRADE DOWN OVER 1 PC IN EARLY TRADE

Commodity prices traded negatively on Tuesday as most of the commodities traded in lower trading range except agri commodities.

Crude oil prices were trading over 1 per cent lower at Rs.4427 per barrel in the morning trade. Crude oil prices traded weak on worries over fuel demand recovery due to pandemic. The slower vaccine rollouts and fear of lockdown measures in Europe weighed on crude oil prices. The travel restrictions in Europe and other countries is offsetting lower output form OPEC plus nations.

MCX Crude Oil April touched a low of Rs. 4420 per barrel and high of Rs. 4447 per barrel.

Natural Gas Mar future traded lower by 0.43% at Rs. 185.20 per mmBtu.