Crude oil crosses Rs 2,200-mark, copper jumps 10%

Commodities Bureau
Posted: Monday, Jan 05, 2009 at 2335 hrs IST
Updated: Monday, Jan 05, 2009 at 2335 hrs IST

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Mumbai: week, copper futures prices opened the week at Rs 144.80 initially made a low of Rs 142.75 then moved sharply higher breaking all the resistances but finally found good resistance at Rs 160.90 levels.

Later prices corrected towards Rs 158.0 and finally ended the week with a huge gain of Rs.14.75 to close at Rs 158.95. LME Copper rose to $3,120 a tonne on Friday from $3,070 a tonne at the close on Wednesday on short-term technical buying....

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Crude oil crosses Rs 2,200-mark, copper jumps 10%

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