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Metals, crude prices surge on gradual unlocking of global economy

Stronger manufacturing data from China supports upswing

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Crude surged by 4.13 per cent to quote at Rs 2,670 a barrel late afternoon.

4 min read Last Updated : Jun 02 2020 | 12:58 AM IST

Metals and crude oil prices rose on Monday on the expectation of a recovery in demand following the gradual re-opening global economy and stronger manufacturing data from China, the world’s largest

consumer.

The price of copper for delivery in three months jumped 0.7 per cent to trade at $5,415 a tonne on the benchmark London Metal Exchange (LME) on increased demand from traders and stockists. Nickel also jumped 1.3 per cent to trade at $12,490 a tonne in the early trade. On the Multi Commodity Exchange (MCX), crude oil for delivery in June surged 4.13 per cent to quote at Rs

Topics : Coronavirus Lockdown Crude Oil Prices Indian Economy London Metal Exchange

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