Commodity Corner by Manisha Gupta guides you through the most important trades in commodities, takes a first-hand look at how these markets are moving and what is at stake for investors.
There is a bit of decline seen in the crude oil prices after four days of gain and 8 percent jump up in the last four days. Middle East tensions and the strength in equity market, the weakness in US dollar, all of that has been supportive for the prices.
However, geopolitical concerns still stay on and the experts believe it could continue for next couple of weeks as well. So the $70 per barrel is level that is here to stay at least for some more time.
Metals are moving as per their fundamentals. Aluminium prices gained nearly 3 percent whereas zinc prices declined 4 percent opening 1 percent on the lower side in the Asian market.