Crude oil bags the profits in commodity market

This week commodity market Gold, Silver and Crude Oil futures contracts closed with gains and losses as follows:

GOLD 10 g” (99.9 Pure)

In the commodity market last week Gold April 2019 future contract closed at ₹33,242 only.
This week Gold April futures contract opens at ₹33,200 on Monday
Gold highest gain ₹305 on Friday
Gold highest loss ₹196 on Monday
Week last day of the commodity trading Gold closed at ₹33,384 with the aggregate gain of ₹142 only.

SILVER (1 KG)

In the commodity market last week Silver March 2019 futures contract closed at ₹40,105 with the aggregate loss of ₹471 only.
In the current week Silver futures contract opens at ₹40,011 on Monday
Silver highest gain ₹519 on Friday
Silver highest loss ₹319 on Tuesday
Week last day of the trading i.e. Friday Silver closed at ₹39,962 with the aggregate loss of ₹143 only.

CRUDE OIL (1 BBL)

High oil prices are caused by high demand, low supply, OPEC quotas, or a drop in the dollar’s value. Demand for oil and gas follow a predictable seasonal swing. Demand rises in the spring and summer due to increased driving for summer vacations. Demand drops in the autumn and winter. Even though heating oil use rises in the winter, it’s not enough to offset the post-vacation drop in gasoline demand. Commodity futures traders anticipate increased demand. They usually start bidding oil prices higher in January or February. Between 2017 and 2018, around 50% of gas prices were based on oil prices. This number went as high as 70% in 2011. Low supply occurs when war or natural disasters curtail exports from oil-producing countries. Traders often bid up prices when they hear of impending disasters or the threat of war. Oil prices decline once production resumes

In the commodity market last week Crude oil Jan 2019 futures contract closed at ₹3,760 with the aggregate loss of ₹203 only.
In the current week Crude February futures contract opens at ₹ 3,959 on Monday
Crude Oil highest gain ₹84 on Friday
Crude Oil highest loss ₹41 on Monday
Week last day of the trading i.e. Friday Crude Oil closed at ₹3,951 with the aggregate gain of ₹191 only.