Free Bullion Tips – Page 744

LME LIVE NEWS UPDATE BY-www.mcxtradeguru.com CONTACT NO.: 8126416899

the London Metal Exchange (LME) drops 2.5% to $7,483 a tonne, the lowest since November 27, 2020, whereas the most-traded August copper contract in Shanghai slumps 5.5% to 57,550 yuan ($8,582.76) a tonne by the midday break said Reuters.

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Oil prices bounce back from Tuesday tumble as supply concerns return..

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.
Brent crude futures rose as much as $3.08, or 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March. It was last up 92 cents, or 0.9%, at $103.69 a barrel at 0243 GMT.

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WEDNESDAY’S LIVE MARKET REPORTS BY STEVE COMMODITY.

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On the sectoral front, metal index down over 2 percent, while buying is seen in the auto, bank and FMCG names.
सेक्टोरल मोर्चे पर मेटल इंडेक्स 2 फीसदी से ज्यादा नीचे है, जबकि ऑटो, बैंक और एफएमसीजी नामों में खरीदारी देखने को मिल रही है।
:Sensex was up 231.06 points or 0.43% at 53365.41
:Nifty was up 59.60 points or 0.38% at 15870.50
:Brent oil futures rose 1.06% to $103.86
:About 1371 shares have advanced, 1297 shares declined, and 124 shares are unchanged.
:Spot gold rose 0.4% to $1,770.71 per ounce

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CRUDE OIL LIVE NEWS UPDATE BY-www.mcxtradeguru.com CONTACT NO.: 8126416899

Oil was up on Wednesday morning in Asia, as investors shifted their focuses to supply tightness although recession worries mounted. Crude oil WTI futures gained 0.42% to $99.92.