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Commodities Briefing - Categorized | Market Moves, Price Watch more

Fed fuels commodity price spike

Posted on 01 December 2011

Commodity prices across the board moved higher Wednesday, with oil prices topping $100 per barrel for the second time in almost six months. And experts said this time they could actually keep climbing.
“We could look back at today and identify it as the catalyst that put a floor on commodity prices,” said Phil Flynn, senior market analyst PFG Best. Oil prices were up 57 cents, or 0.6%, at $100.36. Oil had surged nearly 2% at one point Wednesday. Crude prices finished above $100 a barrel earlier this month for the first time since May………………………………………..Full Article: Source


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