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Commodities Briefing - Categorized | Oil more

Crude in U.S. bucks commodities slump

Posted on 02 August 2013

Economic gains in the U.S. and upgrades to the nation’s energy-transport infrastructure are helping oil shrug off the downturn in other industrial commodities.
Crude prices are up 14% this year on the New York Mercantile Exchange, despite slowing growth in China and surging production in the U.S. They also buck a broader slump in commodities, with the Dow Jones-UBS Commodity Index down 9% this year…………………………………..Full Article: Source


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