Crude oil futures saw slight uptick in Asia's electronic trading, remaining range-bound. Supportive factors include EIA's projection of steady U.S. oil production until 2025, easing supply concerns. Brent crude climbed to $80 per barrel in January amidst global shipment uncertainties, though Q2 2024 may face downward pressures due to rising inventories. Despite a December peak, U.S. crude production fell to 12.6 million b/d in January due to weather disruptions, expected to rebound by February but declining gradually until mid-2024. Mediators work on ceasefire efforts between Israel and Hamas amidst heightened tensions in the Middle East, including attacks on shipping in the Red Sea. MCX crude oil futures for February delivery are trading up Rs 5 at Rs 6089 per barrel.

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  (01-Jan-16 10:03)

  Technical Comment for the Day: Copper
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  Technical Comment for the Day: Crude Oil
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  Commodities Buzz: Indonesia's Palm Oil Exports to Fall on Biodiesel Program
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  Technical Comment For The Day: Gold