Crude moves higher as inventory decline
Crude oil futures made a bounce back on Wednesday
and ended higher, with the Energy Information Administration's (EIA)
weekly report showing a surprising decline in US crude oil stockpile.
The Energy Information Administration's weekly
oil report showed that US crude oil inventories unexpectedly eased
600,000 barrels, while gasoline stocks were up 2.60 million barrels in
the week ended May 10.
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Mentha oil futures edge lower on profit booking
Mentha oil futures were trading lower on MCX as speculators offloaded their positions, driven by sluggish demand in the spot market. Adequate stocks position in the physical market following increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
The contract for May delivery was trading at Rs
900.60/Kg, down by 1.23% or Rs 11.20 from its previous closing of Rs
911.80/Kg. The open interest of the contract stood at 2533 lots.
The contract for June delivery was trading at Rs
898.60/Kg, down by 1.34% or Rs 12.20 from its previous closing of Rs
910.80/Kg. The open interest of the contract stood at 1317 lots on MCX.
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Chana futures trade on positive note
Chana futures trade positive
on NCDEX. Supported by bargain buying at lower side amid strong wedding
season demand. Also, the supplies in the city had dropped quite
drastically which impacted the sentiment.
The
contract for May delivery was trading at Rs 3347.00, up by 0.06% or Rs
2.00 from its previous closing of Rs 3345.00. The open interest of the
contract stood at 6790.00 lots.
The contract for
June delivery was trading at Rs 3408.00, up by 0.09% or Rs 3.00 from its
previous closing of Rs 3405.00. The open interest of the contract stood
at 158120.00 lots on NCDEX.
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Copper futures trade downbeat tracing weak global trend
Copper futures were trading downbeat on MCX tracing a weak global trend.
The contract for June delivery
was trading at Rs 398.35/Kg, down by 0.36% or Rs 1.45 from its previous
closing of Rs 399.80/Kg. The open interest of the contract stood at
27139 lots.
The contract for August delivery was
trading at Rs 402.55/Kg, down by 0.36% or Rs 1.45 from its previous
closing of Rs 404.00/Kg. The open interest of the contract stood at 3132
lots on MCX.
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Jeera futures trade down on surge in the supply
Jeera futures trade negative on NCDEX due to
surge in the supply from the producing regions in the midst of a decline
in the export demand.
The contract for May delivery was trading at Rs 13117.50, down by 0.34% or Rs 45.00 from its previous closing of Rs 13162.50.
The contract for June delivery was trading at Rs
13225.00, down by 0.28% or Rs 37.50 from its previous closing of Rs
13262.50. The open interest of the contract stood at 14064.00 lots on
NCDEX.
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