Commodities Live: Crude oil rises further, Is there an opportunity for buying in crude oil on intraday?
Zee Business Video Team | Updated: May 11, 2022 21:06 pm
There has been a good recovery in crude oil in the commodity market today. Today MCX crude prices jumped by 4% i.e. crossed Rs 8,000 per barrel. Brent is trading above $106 and WTI crude is trading above $103. Crude prices rose on fears of a shortfall in global supply. At the same time, there was a rise in gold and silver in the commodity. On MCX, gold is trading above ₹ 50,700 and silver is trading above ₹ 60,200.
