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Crude oil has risen and its price has gone up to the top three months of the global market. Brent’s price is $ 52 and WTI is above $ 49. 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. At the same time, the price of crude prices was also supported by the possibility of US sanctions on Venezuela. Since the oil producers’ meeting this month, there has been an increase of about 10 per cent in crude prices and today, for the sixth consecutive day, the business is growing.
Meanwhile, gold has touched the upper level of nearly two months. At the moment, after the gold crosses $ 1,270 on the comma, it is under pressure. Indeed, rising tensions between North Korea and the US have helped gold prices get support. Meanwhile, in the first half of this year, gold production has fallen by almost 10 percent in China.
At the same time, after the manufacturing figures of China, the copper has gone over two years at the London Metal Exchange. Talking to the currency market, the rupee has strengthened against the dollar today and the price of 1 dollar has come to 64 rupees. At the same time, heavy rains in Gujarat and Rajasthan are expected to rain in Punjab and Haryana today. Apart from this, there may be rains in Himachal Pradesh, Uttarakhand and Uttar Pradesh too.
Crude oil at MCX is showing a surge of 0.4 per cent and Rs 3205 around. However, natural gas is trading around Rs 185.5 with weakness of more than 2 percent. On MCX, gold is showing a decline of 0.2 per cent around Rs 28525. At the same time, silver is trading around 0.14 per cent with a slight decrease of Rs 38,430. Speaking of base metals, aluminum on MCX is trading 0.2 percent and is trading at Rs 121.4. Copper is rising 0.4 percent to around 410.5 rupees. The lead on MCX is seen at around Rs 148.25 with a rise of 0.4 percent. Nickel is trading 0.25 percent higher at close to Rs 658.4. Zinc is trading at Rs 179.3 with a strong margin of 0.75 per cent.
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