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After the production decreases in America, crude oil is trading at the highest level of 2 months. At present, WTI Crude is trading at the NYMEX with a growth of 0.2 per cent to $ 49.8. Brent Crude is up 0.2 percent and is trading at $ 52.6.

Crude oil continues to remain steady for the sixth consecutive day and its price has gone upto 3 months. Brent’s price is $ 52 and WTI is above $ 49. The crude oil prices have reached Rs. 3200 in the domestic market. Indeed, the pace of production of crude in the US has slowed down. In March this year, the crude stock in the US dropped by nearly 10 percent from record level. Since the meeting of oil producing countries this month, there has been an increase of about 10 per cent in crude prices. However today, Natural Gas is trading around Rs 185.8 with 2% weakness on MCX.

Even today in the base metal, it is raining and copper has broken the Rs 410 level. The rest of the metal are also trading with the edge. On the London Metal Exchange, the price of copper has gone up to the upper level of 2 years and in this way the domestic market is also trading with metal edge. Aluminum on MCX is trading at 0.22 per cent with an increase of 122.5 rupees. The lead on MCX has seen an increase of 0.5 percent to around Rs 149.5. Nickel is trading 0.25 percent higher at close to Rs 661.5. Zinc is trading at Rs 179.9 with a strong margin of 0.8%.

Gold in the global market has stopped at the upper level of two months. In this way, there is a sluggish business in the domestic market today. Gold on MCX is showing a decrease of 0.25% with around 28515 rupees. At the same time, silver is trading around 0.14 per cent with a slight decline of Rs 38,425.

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