Copper futures trade tad higher on trade deal hopes

Copper futures traded marginally higher on Monday on fresh hopes of positive progress in Sino-US trade talks after leaders of the world’s two largest economies sent positive signals. A senior US official said an initial trade agreement is still possible by the end of the year, while Chinese President Xi Jinping and US President Donald Trump both underscored their desire on last Friday to sign an initial trade deal and defuse a 16-month tariff war that has lowered global growth.

Copper futures for December delivery gained $0.0005 to $2.6485 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.3 percent at $5,871 a ton.

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Petrol at Rs 80/l in Mumbai as prices rise after 2 days

After a gap of two days, petrol prices increased again on Friday and in the country's financial capital Mumbai, it was being sold at Rs 80 per litre. 

 

The petrol prices increased by 15-16 paise per litre in the four metros of Delhi, Kolkata, Mumbai and Chennai, while there has been no change in the price of diesel. On the other hand, the price of crude in the international market remained close to the two-month high.

According to the Indian Oil website, the price of petrol in Delhi, Kolkata, Mumbai and Chennai has increased to Rs 74.35, Rs 77.04, Rs 80.01 and Rs 77.29 per litre respectively. The price of diesel in the four metros remained unchanged at Rs 65.84, Rs 68.25, Rs 69.06 and Rs 69.59 per litre respectively.

Petrol oil marketing companies on Friday increased petrol prices by 15 paise per litre in Chennai, 16 paise per litre in Delhi, Kolkata and Mumbai. Petrol price in Mumbai was Rs 80.11 per litre on October 3, 2019.

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