Saturday, June 4, 2011

MCX Commodity Crude Oil News today | NCDEX Tips

Crude Oil prices ended lower though marginally on Friday on getting weak jobs data, US May nonfarm payrolls posted the weakest reading since September and the US jobless rate rose to 9.1 percent. Though, after a steep fall of about two percent intraday the crude prices recovered as the dollar too fell as the disappointing jobs data added to evidence of an economic slowdown.
Crude Oil for July delivery fell 18 cents, or 0.18 percent, to settle at $100.22 a barrel, after trading in a range from $98.12 to $100.87 on the New York Mercantile Exchange. In London, Brent crude oil for July rose 30 cents to settle at $115.84 a barrel on the ICE.

Cardamom foreign trade are looking high as the local current market decreases on increased arrivals. Traders are getting cardamom from the sale stores for Ramadan requirement from Western Asian countries. Indian exports for the duration of the past fiscal year had dropped by 50% because of the higher local rates.