Mcx Commodity News for Copper, Crude : Evening Session - 28.10.2016

Mcx Commodity Market News : Evening Session 

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Copper futures up on spot demand
28/10/2016 12:11
Copper futures were trading higher during the noon trade in the domestic market on Friday as participants extended their positions in the industrial metal amid rise in physical demand for copper in the domestic spot market.
Further, the price for copper in the domestic markets rose due to an increase in demand for the metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 321.50 per kg, up by 0.14 per cent, after opening at Rs 320.80, against a previous close of Rs 321.05. It touched the intra-day high of Rs 321.70 (at 12:04 hours).

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Crude oil futures dip on doubts OPEC can coordinate prod cut
28/10/2016 12:01
Crude oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators exited their positions in the energy commodity on lingering doubts over whether OPEC can coordinate a crude production trim big enough to rein in oversupply.
However, doubts over OPEC’s ability to rally its members and non-OPEC producers, especially Russia, around a significant production cut, weighed on markets.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3332 per barrel, down by 0.36 per cent, after opening at Rs 3339, against a previous close of Rs 3344. It touched the intra-day low of Rs 3329 (at 11:50 hours).