Commodity Capsule: Brent crude oil extends weakness for second straight day | Watch video

Oil prices fell on Wednesday as weak Chinese trade data spurred fears of slowing demand in the country

Oil prices reversed all gains made earlier this week on the back of supply cuts by the OPEC.

Brent crude futures hovering $76/barrel, while US WTI crude near $71.50/barrel

Signs of an unexpected build in gasoline, distillate inventories raised questions over improvement of fuel demand in United States.

Gold Rangebound

Gold prices moved little as markets uncertain ahead of an upcoming Federal Reserve meeting.

Yellow metal saw some support this week as weak U.S. economic data pulled down dollar

Spurred some bets that the Fed will lack headroom to keep raising interest rates

Base Metals lose sheen on Weak Chinese Data

MCX metals post mixed Opening tracking international benchmark, firm rupee against dollar

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