CRUDE OIL FUTURES SLIPPED ON RISING CORONAVIRUS
At the MCX, Crude oil futures for Oct contract was trading at Rs. 2924.00 per barrel, down by 0.34%, after opening at Rs.2952.00 per barrel, against a previous close of Rs. 2934.00 per barrel. It touched an intra-day low of Rs. 2912.00 per barrel and high of Rs.2973.00 per barrel in the future market.
Crude Oil prices fell on Thursday as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in OPEC output last month, though losses were capped by renewed hopes for U.S. fiscal stimulus.
Natural gas futures traded firm at Rs 187.40 per mmBtu on October 1 as participants increased their long positions.
Silver traded higher on improving outlook for industrial demand amid upbeat US and Chinese economic data.
On Multi Commodity Exchange, Commodities like CPO, Natural gas, Silver, Lead futures were the gainers, gained by 1.35%,1.34%,0.50%,0.21% respectively. While Commodities like copper, Nickel, Aluminium, Crude Oil, Mentha Oil, Gold, Zinc, GoldM, Cotton, Gold Guinea, Gold Petal, MCX Bulldex futures were the losers with a loss of 0.50%, 0.36%, 0.35%, 0.34%, 0.30%, 0.22%, 0.18%, 0.17%, 0.16%, 0.16%,0.10%,0.03% respectively.