TODAYS COMMODITY MARKET NEWS
Date : 3.11.2011 Time : 1.05
Crude oil futures prices fell by Rs 32, or 0.70 per cent, to Rs 4,509 per barrel today, as speculators reduced their positions amid a weakening trend overseas.http://www.goldennifty
At the Multi Commodity Exchange, prices for November contract fell by Rs 32, or 0.70 per cent, to Rs 4,509 per barrel, with a trading volume of 13,529 lots.
The December contract lost Rs 31, or 0.68 per cent, to Rs 4,521 per barrel, with a business turnover of 1,206 lots.
Analysts said fall in crude oil futures was mostly in line with a weakening trend in Asian markets on worries that Europe's debt crisis will harm economic growth, tempering demand for raw materials. http://www.goldennifty.com
At the Multi Commodity Exchange, prices for November contract fell by Rs 32, or 0.70 per cent, to Rs 4,509 per barrel, with a trading volume of 13,529 lots.
The December contract lost Rs 31, or 0.68 per cent, to Rs 4,521 per barrel, with a business turnover of 1,206 lots.
Analysts said fall in crude oil futures was mostly in line with a weakening trend in Asian markets on worries that Europe's debt crisis will harm economic growth, tempering demand for raw materials. http://www.goldennifty.com
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