Oil Hits Two-Week High | Today Commodity Market Outlook Report 26 FEB 2018.


Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30550-30560 Silver -38500-38550

Energy - Opens on positive Note Crude Oil - 4130-4135 Natural Gas -176.10-176.30

Base Metals - Opens on positive Note Copper -460-461 Nickel -890.80-891 Lead -165.80-165 Zinc - 229-230 Aluminium -141-50-140


Precious metals rose on Thursday, snapping four sessions of losses as the U.S. dollar surrendered early gains, though the metal remained lower for the week to date and analysts said they expected trading to be range bound.

Industrial metal nickel and zinc hit their lowest levels in over a week on Thursday as Chinese investors sold metals as their markets opened after holidays and steel prices dropped.

Crude oil is trading flat on NYMEX today. We expect prices to trade range bound for the day, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports that dragged net imports in the world's biggest fuel consumer to a record low.

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