Oil Ends Higher After Volatile Trade On Dollar | Today Commodity Market Outlook 23 Jan 2018.



Bullion - Opens on positive Note Gold -29880-29890 Silver -39000-39080 

Energy - Opens on positive Note Crude Oil -4075-4080 Natural Gas -207-208 

Base Metals - Opens on negative Note Copper -452-451.80 Nickel -806-807 Lead -166.80-166.90 Zinc - 219.20-219.40 Aluminium -142.70-143


Industrial metals are trading lower on International bourses today. We expect prices to trade lower to range bound for the day, as official data showed top producer China churned out a record volume of refined copper in December.

Crude oil prices settled higher on Monday after dollar fluctuations and the restart of some Libyan oil fields caused the market to vacillate, with prices testing lower before rallying to levels just below three-year highs.

Precious metals prices held steady on Tuesday, as the dollar pared some losses but remained near a 3- year low amid a surge in global equities after a U.S. government shutdown came to an end.

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