Crude and Copper Updates on MCX

After the sharp decline in las 7 days, crude oil today has gone up. Crude oil prices are trading above $ 92 on NYMAX . It is looking strong on MCX also. It has been reported that the Chinese government may have some important steps to support the economy which may support crude oil. With more than 0.4 per cent gain crude is trading near Rs 5,075. 

 The weakness of the euro against the dollar elevated price of copper on the London Metal Exchange by nearly 1.5 percent. Copper in domestic market is trading up nearly 1 by per cent. In China's Shanghai Futures Exchange, price of copper is up about 1.5 per cent.


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