Oil Falls For Sixth Day As Supply Fears Mount | Today Commodity Market Outlook 09 Feb 2018.



Bullion - Opens on negative Note Gold -30030-30050 Silver -37900-37930 

Energy - Opens on negative Note Crude Oil - 39-3920 Natural Gas -174.30-174 

Base Metals - Opens on negative Note Copper -436.50-436.85 Nickel -840-842 Lead -162.70-162.80 Zinc - 219.60-219.80 Aluminium -139.40-139.60


Precious metals prices were flat on Thursday, slumping early on concern about rising U.S. bond yields and global interest rates, but buyers emerged to lift bullion when it hit a technical support level at about $1,312 an ounce.


Precious metals are trading flat on COMEX today. We expect prices to trade range bound for the day as tumbling equities markets pushed investors into safe-haven assets, but a firmer dollar and worries about rising global interest rates kept gains in check.


Industrial metals are trading lower on International bourses today. We expect prices to trade range bound for the day, extending into a third day the recent declines triggered by the rout in global equity markets and another big rise in inventories on Thursday.


Crude oil is trading lower on NYMEX today. We expect prices to trade range bound to lower for the day, after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.

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