Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower US production lifted prices.
Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to buy Refined Soy oil on dip, Chana above Rs 4050 and sell Cardamom on pullbacks in its research report dated April 17, 2015.
According to Angel Commodities, Chana futures is expected to trade on mixed to positive note as arrival of new crop in domestic market are picking up slowly. Overall sentiments look positive for Chana in long term amid expected lower output and duty-free imports allowed till Sep 2015.
Oil prices retreat on profit-takingPrices rose for the sixth day running yesterday -- with WTI hitting its highest level since December - on news that US shale output, which has contributed to a global supply glut, may be on the cusp of easing.