The base metals complex traded lower on the LME in today’s trading session on the back of a stronger dollar. However, rise in risk appetite in the markets resisted further downside in metal prices. Lead is the worst performer of the day, as the metal declined around 0.8 percent on the LME and by 0.7 percent on the MCX till 4.30 pm IST today.
Nymex crude oil prices declined by 0.1 percent today on the back of expected rise in US crude oil inventories coupled with a stronger dollar. Oil prices touched an intra-day low of $106.12/bbl and was hovering around $106.61/bbl till 4:30pm IST today. On the MCX, crude oil prices declined by 0.2 percent after touching an intra-day low of Rs5315/bbl and were trading at Rs5330/bbl till 4:30pm IST.