At the Multi Commodity Exchange (MCX), COMDEX started on a positive terrain after a fall of 0.81% on Tuesday. It is currently trading higher by 29.06 points, or 0.87%, at 3,377.02 after opening at 3,349.74. Other index like MCXMETAL is trading upward by 37.36 points, or 0.86%, at 4,382.74 after opening at 4,350.00. MCXAGRI is trading up 3.16 points, or 0.12%, at 2,550.47 after opening at 2,550.47 and MCXENERGY is trading up 36.63 points, or 1.19%, at 3,122.29 after opening at 3,118.56.
Crude Oil fell again after disappointing reports on factory production and new home construction raised more concerns about the economic recovery and future demand. The dollar fell against other currencies as well, which helped crude regain some losses. Crude rates decreased on Monday monitoring the decline in gasoline commodities as well as concerns regarding refinery interruptions reduced while the requirement concerns endured. United states President Obama, pressurized from Republicans and people to lower your gasoline rates, declared new methods on Saturday to grow local oil output in Ak and Gulf of Mexicom.
Standard crude for June shipping was lower $1.96, or 2%, to $97.69 a barrel on NYMEX. London, Expiring Brent raw for June dropped 94 cents, or 0.8%, to $112.89 a barrel on ICE.
Crude Oil fell again after disappointing reports on factory production and new home construction raised more concerns about the economic recovery and future demand. The dollar fell against other currencies as well, which helped crude regain some losses. Crude rates decreased on Monday monitoring the decline in gasoline commodities as well as concerns regarding refinery interruptions reduced while the requirement concerns endured. United states President Obama, pressurized from Republicans and people to lower your gasoline rates, declared new methods on Saturday to grow local oil output in Ak and Gulf of Mexicom.
Standard crude for June shipping was lower $1.96, or 2%, to $97.69 a barrel on NYMEX. London, Expiring Brent raw for June dropped 94 cents, or 0.8%, to $112.89 a barrel on ICE.
Copper commodities for July supply superior 0.70 cents to stay at $3.9905 each pound on the Comex materials section of NYMEX. Copper for 3 month supply on the LME increased by $50 to $8,840 a tonne.
