CRUDE OIL
By 0.91 percent Crude oil prices raised on Friday at the domestic markets after the fewest Americans in 2014 filed for unemployment profit claims in 14 years in 2014, signalling a nourish job market regain in the world’s largest economy, lifting the desired outlook for the fuel. Average jobless asserts in 2014 stood at 308,500, the least since 299,600 in 2000. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,431 per barrel, Rise upward by 0.91 percent, after opening at Rs. 3,419 against the last day of closing price Rs. 3,400. It touched the intra day max of Rs. 3,438 till the trading. (At 11.58 AM today).
COPPER
By 0.38 percent Copper prices raised on Friday at the domestic markets after Markit said that HSBC Markit Manufacturing PMI increased to a seasonally regulated annual rate of 54.50, from 53.30 in the predate quarter signaling upward sentiment in the region which increased the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.45 per 1 kg, rise upward by 0.38 per cent, after opening at Rs. 400 against the last day of closing price of Rs. 398.95. It touched the intra day max of Rs. 401.80 till the trading. (At 11.44 AM).
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