Oil prices rose more than 2 per cent to a three-and-a-half year high on Wednesday after US President Donald Trump abandoned an international nuclear deal with Iran, likely curbing the OPEC-member's crude exports in an already tight market.
London copper edged higher on Wednesday after sliding more than 1 per cent in the previous session, but the gains were capped with investors cautious after the United States pulled out of an international nuclear deal with Iran.
Turmeric arrivals decreased on Tuesday though prices were stable. At the Erode Turmeric Merchants Association Sales yard, finger turmeric was sold at ₹6,333 to ₹8,739 , root variety was sold at ₹5,889 to ₹8,039 .
Crude oil prices were on fire over the last few weeks. Earlier this week, the crude oil futures contract on the New York Mercantile Exchange (NYMEX) touched the key level of $70 per barrel for the first time since November 2014.
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