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Commodity outlook: Crude oil drops; here is how others may fare

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NEW DELHI: Barring crude oil, all commodity counters on MCX traded in the green on Monday as tensions between India and China receded. However, as the swift rise in Covid-19 cases posed worries for world economy.

Crude oil dropped 0.26 per cent while copper added 0.40 per cent. Meanwhile, gold and silver rose up to a per cent. Nickel, natural gas, zinc and Aluminium also registered some gains.

NCDEX Agridex, an agricultural futures Index which tracks the performance of the ten liquid commodities, was up 0.22 per cent at 1,059.25 thanks to gains in refined soya oil, jeera and coriander.

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