Commodity outlook: Crude oil spikes; here is how others may fare
NEW DELHI: Crude oil emerged out of shadows and followed the global trend surging in Friday trade on short covering. Bullion and nickel also gained even as the number of covid patients grew rapidly.
Gold was up 0.28 per cent to Rs 46588 while nickel added 0.30 per cent to Rs 931. Crude oil, second most traded counter on MCX, jumped over 5 per cent to Rs 1359. This comes on top of over 30 per cent jump on Thursday.
