Commodity Capsule: Base metals shine; crude oil prices drop | Watch video
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Oil prices drop
Oil prices inched lower on Wednesday as US industry data showed an unexpected rise in US crude stocks.
U.S. crude oil stocks rose by about 1 million barrels for the week ended June 9.
Both benchmarks climbed over 3 per cent on Tuesday on hopes of rising fuel demand from China.
China's central bank lowered a short-term lending rate.
Prices fell by 4 per cent on Monday on concerns about the Chinese economy after disappointing economic data last week.
The market will closely watch the Federal Reserve meeting outcome which will come late at night as per Indian Standard Time.
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