Nickel futures traded 0.94 per cent down at Rs 687.90 per kg today as speculators reduced exposure, tracking a weak trend in base metals at the London Metal Exchange (LME) amid muted demand at the domestic spot markets. SEE MORE Rare earths are not as rare as you might think, but the market and rare earth metals prices are certainly complicated. SEE MORE Oil prices were narrowly higher on Friday as the market waited to see whether major oil producers would back an extension to output cuts beyond March at a meeting in Vienna. SEE MORE Oil prices steadied on Thursday, holding most of their recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. SEE MORE The dollar was trading at one-week highs on Thursday, after the Federal Reserve indicated the possibility of an additional rise in interest rates this year and announced the winding down of its stimulus program. SEE MORE