Commodity outlook: Crude oil plunges; here’s how others may fare
Crude oil plunged further on Wednesday as demand dwindled amid lockdown in multiple countries. Along with that, an ongoing price war between Russia and Saudi Arabia also put pressure on crude.
Crude oil was down 5.48 per cent to Rs 1,588. Natural gas also dropped 3.81 per cent to Rs 126.40, while gold slipped 0.32 per cent to Rs 42,820.
Here is how SMC Global expects commodities to fare today:
