Selling in oil extend with little halt into the new year with US crude futures collapse under $50 a barrel on Monday for the first time since April 2009 on fears of a global supply surplus. US crude's front-month contract slided to $49.95, downward by 5 percent from Friday's end, before regaining to $50.20 by 11:36 a.m. ET (1636 GMT). Benchmark Brent crude was downward more than 6 percent at under $53 a barrel.
Softens in Copper futures trade on weak
Price of copper slided down by 0.16 percent to Rs 401.70 per kg in futures trade today after speculators cut positions amid a weak trend in select base metals overseas. In MCX, copper for delivery in far-month April contracts slided by 65 paise, or 0.16 per cent, to Rs 401.70 per kg in a business throughput of four lots. Metal for delivery in February relive by 55 paise, or 0.14 per cent, to Rs 397.50 per kg in 660 lots.
0 comments:
Post a Comment