Commodity outlook: Crude oil jumps; here is how others may fare
Crude oil continued bouncing back on Wednesday amid a brewing price war between Saudi Arabia and Russia. Gold and silver also gained as traders rushed to safe havens.
Crude oil was up 4.30 per cent to Rs 2,618 while gold and silver added 0.22 per cent and 0.77 per cent, respectively, on MCX. Base metals like nickel, copper and zinc also traded with gains of 0.2-0.8 per cent.
Here is how SMC Global expects commodities to trade today:
