Crude Oil prices have slipped over the past two sessions, with the rise in U.S oil reserves and the US-China trade war slowing international economic growth.
Crude Oil prices are showing at a dismal pace in Wednesday’s session, with Brent crude declined 2.5%, to settle at 60.91-dollar per barrel, while US WTI crude futures lost 3.2%, to settle at 55.21-dollar a barrel.
Brent crude has rallied near 15-pc this year, supported by an accord by the OPEC and its allies reportedly, including Russia to cut combined oil output by 1.2-mln barrels per day from January 1.
MCX Commodity: Back home to MCX, the Gold prices in India declined for the second consecutive day on Wednesday. On the Multi Commodity Exchange (MCX), gold prices were lower 0.09-pc to Rs.38,172, extending declines to the second day. To avail Free Intraday Commodity Tips go to our official site.
After the recent fall, gold prices are currently down about Rs1,800 per 10-gm from September highs of about Rs.40,000/ gram. The Silver rates were also down on the MCX, with silver futures were down 0.08-pc to Rs.44,825.
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