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LME Inventory update

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium, Lead, Zinc, Nickel and Copper.

Aluminium inventory declined by 7925 tonnes today, while Nickel inventory declined by 120 tonnes. Copper inventory declined by 1225 tonnes, while Zinc Inventory and Lead Inventory declined by 2025 tonnes and 1225 tonnes respectively.

Brent Crude remains weak

Oil markets continue the hunt for a bottom ahead of the release of US Department of Energy's (DOE) inventory data today.
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