Base Metals & Energy
D A I L Y B U Z Z
CRUDE OIL
Crude oil futures prices today fell by 0.18 per cent to Rs 6,215 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in March fell Rs 11 or 0.18 per cent, to Rs 6,215 per barrel in 456 lots.
Similarly, the oil for February delivery moved down by Rs 10, or 0.16 per cent, to Rs 6,210 per barrel in 5,736 lots. The trading sentiment turned weak at futures trade after crude oil prices declined in Asian trade, but losses were curbed on upbeat sentiment over demand in the US and China, analysts said.
Meanwhile, West Texas Intermediate crude prices for March delivery eased by 18 cents to $100.19 a barrel on the New York Mercantile Exchange.
Agro Outlook
D A I L Y B U Z Z
CHANA
Chana prices extended gains for the second straight day by adding 0.72 per cent to Rs 2,936 per
quintal in futures trade today as speculators engaged in enlarging positions, driven by strong demand in the spot market.
At the National Commodity and Derivative Exchange, chana for delivery in February added Rs
21, or 0.72 per cent to Rs 2,936 per quintal with an open interest of 19,730 lots. Similarly, the
commodity for delivery in April gained Rs 15, or 0.50 per cent to Rs 3,026 per quintal in 94,210 lots.
MENTHA OIL
Mentha oil prices declined by 0.20 per cent to Rs 782 per kg in futures trading today as speculators indulged in profit-booking at existing higher levels amid sluggish demand from consuming industries in the spot market. Besides, adequate stocks availability in the physical market following increased arrivals from Chandousi in Uttar Pradesh put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 1.60, or 0.20
per cent to Rs 782 per kg in business turnover of 111 lots. Similarly, the oil for February delivery shed 40 paise, or 0.05 per cent to Rs 772.90 per kg in 247 lots.
