July 22, 2011

MCX India Tips 22 July Report on Crude oil, Natural gas

Crude Oil MCX is seen to get increased its prices to 100 dollar USD at Global platform. For MCX Crude it happens for  the first time till June. Brent crude, which is used to price many international varieties, fell 64 cents to settle at USD 117.51 a barrel on Future exchange. Natural gas MCX seen to be dropped at NYMEX Platform. For natural gas a drop of 10.7 cents is seen and it is finally settled at USD 4.362. The Gold MCX prices are eased retreating further from the life time highs, on account of anticipation of a positive outcome to the euro zone summit. The EU meet is scheduled today and would act as an impetus in determining the short term fate for the gold MCX. On US front, progress on U.S. debt ceiling talks also weighed on Gold prices. 
Crude Oil MCX rose for a third straight session on Thursday.
Gold MCX held near $1,600 an ounce on Thursday at global platform.
Silver ETF sees largest one-day outflow in a month
LME copper falls for 2nd day
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