Wednesday, February 8, 2012

Crude and Copper Updates For Today: 8th Feb '12

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Crude Updates-
Rapid decline in crude oil reserves in the United States is expected to continue. Up 1 per cent to Rs 4,900 on MCX crude oil is up. NYMEX on the price of crude oil rose to $ 99.5. Light crude oil is increasingly being viewed. With nearly half per cent on MCX crude oil is trading above Rs 4,800. NYMEX while crude oil prices have risen above $ 98.

Copper Updates-
Tends to firm up the base metals. Copper, nickel, lead, zinc is 1.25 to 0.75 per cent. Aluminum is 0.5 per cent. Increasingly seen in base metals is strong. Domestic market have gone up more than 1 per cent of nickel, while copper and lead have been about 1 per cent. Almost half per cent rise in the zinc and aluminum are being watched.

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