Oil Rises As OPEC Compliance Eclipses Boom in US Output | Today Commodity Market News 02 FEB 2018.


Bullion - Opens on positive Note Gold -30600-30620 Silver -39500-39450 

Energy - Opens on positive Note Crude Oil -42.30-4240 Natural Gas -185.20-185.50 

Base Metals - Opens on mixed Note Copper -456.10-456.30 Nickel -889-890 Lead -171.20-171.50 Zinc - 228.50-228.90 Aluminium -142.40-142.50



Precious metals are trading flat on COMEX today. We expect prices to trade higher for the day, ahead of U.S. jobs data later in the day, with traders looking for any implications for the outlook for U.S. monetary policy over the rest of the year.

Industrial metals are trading mix on International bourses today. We expect prices to trade range bound to higher for the day, ahead of the U.S. jobs data later in the day

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production.

Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 9736.88 tonnes, remain unchanged from previous business day

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