Quantcast

Commodities





Commodity News

Commodity Prices : MCX, NCDEX, NMCE, Spot Rates

Commodity Trading Tips

For medium and high value investors
For brokers,sub brokers and high value investors
For those who trade in just one commodity
For those who trade in Mini Lots

Equity Trading Tips

Intraday Futures and Option calls
Specially filtered 4 to 7 calls per day
For those who trade in just one commodity

Commodity Outlook

Reports

Last Updated :Feb 13, 13:18 IST
1033.6     (-0.9)
3512     (-15)
421.55     (-3.2)
Get MCX/NCDEX/NMCE Futures Rates
Last Updated : 09 January 2009 at 12:05 IST
Follow us on and for updates

Saudi to deepen output cut, crude oil recoups

Commodity Online
SINGAPORE: Crude Oil prices are recouping in the early trading on Friday on report of more production cut decision of Saudi Arabia, largest oil producer, following Kuwait and Iran.

In the last trading session, the crude price dipped by 2 percent on the back of waning US energy demand.

U.S. crude for February delivery rose 85 cents to $42.55 a barrel by 0356 GMT, after sinking 2.2 percent to settle at $41.70 on Thursday. London Brent crude climbed 88 cents to $45.55.

Experts said the decision to deepen production cut by Saudi Arabia show that the OPEC members are tightening the crude market so as to mount pressure over the crude prices in the international market.

Earlier this week, Kuwait and Iran also told customers of bigger supply curbs this month in a bid to prop up prices. The producer cartel has cut output three times since September.
MCX Silver 05 September 2012 contract was trading at Rs 56922 . What's your view on it?
Post your comment  (0)
Connect:
Post to Twitter
Post to Facebook