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Copper futures lost around 1% while comments and statements from major producers and investment banks across the globe intensified the slide in the red metal and peers. US Crude along with Brent too sliding lower towards their lowest mark for the active September contract aided the downside into the industrial metals as for crude too higher supplies and lower demand is leading towards lower prices which is anticipated to act bearish over the inflation aspect globally while indirectly effecting consumption on major commodities including industrial metals.....
Read more here- http://www.pinnaclefinancial.in/blog/intraday-mcx-tips-base-metals-copper-updates/
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Crude Oil prices rose in Asia on Thursday but remain subdued by concerns about the impact on demand from the stock market rout in China and Greece's debt crisis, analysts said. Robust commercial crude inventories in the United States added to the pressure in the commodity face of a supply glut, they said.