01.12.2008 - High GDP growth raises hopes for commodities in India
From Commodityonline.com: The Commodity Futures market could not work in full swing last week on account of Mumbai terrorists attack. It was closed for a day and even when markets resumed, trading was thin as many couldn’t reach their offices. Except perhaps, gold, cocoa and sugar most commodities including crude oil are badly affected by global recessionary trends. In the near term, crude oil prices may exhibit a weaking trend due to OPEC postponing its decision to cut production..... Full Article: Source
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