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Crude oil, copper and base-metal prices rise amid trade-deal optimism
Oil and base-metal prices rise on trade optimism and supply fears; industrial-metal strength signals revival in demand.
Crude oil futures climbed as hopes of progress in U.S.–China trade negotiations and looming supply concerns linked to Russian sanctions boosted sentiment. Copper contracts for November delivery rose to over ₹1,013 per kg (up ~1.04%) and aluminium futures reached ~₹271 per kg as industrial demand improved. Analysts say the uptick in key industrial-metal prices points to renewed cyclical demand and could benefit commodity-linked equities and supply-chain sectors.