Crude prices slumped in early Asia trade Wednesday as fear of expanding crude inventories in the U.S. eroded earlier gains.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG6, -1.74% traded at $37.17 a barrel, down $0.70, or 1.9%, in the Globex electronic session. February Brent crude LCOG6, -0.95% on London’s ICE Futures exchange fell $0.43, or 1.1%, to $37.36 a barrel.

Crude continues to decline to $ 37, …

Crude prices due to higher crude oil supply is under pressure.The Nymex and Brent crude oil is falling. Nymex crude oil fell by 1.81 per cent to $ 37 per barrel is over ….

Gold at $ 1070 per ounce …

Gold remains subdued for the third consecutive day. The Comaks $ 1070 per ounce gold remains close. For the third consecutive year that gold will decline, while nearly 10 per cent annual decline. Silver also remains sluggish and it remains under $ 14 ….

Weakness in base metals …

Except aluminum metal is seeing weakness. MCX Aluminium with 0.2 per cent at Rs 100.9 persisted. Weakness of 0.4 percent recorded in the lead. Lead prices fell 0.4 per cent to Rs 117.2 has come. 0.1 per cent while copper is trading at Rs 316.3 with slight weakness. While nickel has also declined by 0.4 per cent. And it is trading at Rs 573.5.

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