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Commodities Briefing - Categorized | Oil, Price Watch more

Commodities rally sends crude oil above $101

Posted on 26 May 2011

Commodities climbed for a second day, and gains in energy and metal producers helped the U.S. equity market snap a three-day slump, amid speculation recent price declines were excessive as demand improves. Five-year Treasuries rose as a $35 billion sale drew the strongest demand since 1994.
The Standard & Poor’s GSCI Index of commodities rallied 1.7 percent at 4:18 p.m. in New York. The S&P 500 increased 0.3 percent to 1,320.47, rebounding from a one-month low……………………………………….Full Article: Source

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