Saturday, July 20, 2013

MCX Daily Report: Cotton Crude Oil positive Mentha Oil bearish

MUMBAI (Commodity Online): Cotton gained 1.51%. The July contract rose to a high of 19470 Rs/bale. CPO and crude oil were also in the gainer?s list.

CPO August rose to 1.33% to 496 Rs/10kg. High demand for oil and oil seed witnessed uptrend in CPO futures.

Crude oil July rose to 1.14% to 6367 Rs/bbl as of 05.47 pm IST. In NYMEX markets, crude oil is trading at $ 106.73per bbl.

The number of people who filed for unemployment assistance in the U.S. fell more-than-expected last week, easing concerns over the U.S. jobs market, official data showed on Thursday.

U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 13 fell by 24,000 to a seasonally adjusted 334,000, compared to expectations for a drop of 13,000 to 345,000.

Mentha oil July has fallen 1.94% to 905 Rs/kg.?

Source: http://www.commodityonline.com/futures-trading/market-report/MCX-Daily-Report%3A-Cotton-Crude-Oil-positive-Mentha-Oil-bearish-30373.html

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