Tag: nickel tips

Commodity tips

MCX crude Watch: Crude Oil prices recover some ground

Crude oil futures plummeted more than 2 percent Thursday after a fall from near 2-month highs extended as the IEA (International Energy Agency) stated that the global supplies hit a record of 100 million barrels a day. The IEA also said that daily crude-oil output in the Organization of the Petroleum Exporting Countries increased in August by 4,20,000 barrels a day, to average 32.63 million a day. MCX Crude also plunged sharply, breaking under Rs 5,000 per barrel and coming up to around Rs 4,900 mark.

Continue reading