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Thursday, 23 June 2016

MCX Trading Tips with Commodity News


Oil prices rise as markets on tenterhooks ahead of Brexit vote

Oil prices rose in early Asian trading on Thursday, shrugging off a smaller than expected decline in US stockpiles as the market waited with bated breath for the result of Britain's "Brexit" vote. Trading has been choppy in the run up to Thursday's vote on whether Britain leaves or stays in the European Union (EU), and is expected to remain so before results start filtering through late on Thursday or early Friday.

Brent's August front-month contract was up 41 cents at USD 50.29 a barrel at 0038 GMT. It closed down 74 cents, or 1.5 percent, at USD 49.88 a barrel on Wednesday.

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