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Commodities Briefing - Categorized | Currencies, Trends more

Most markets turn sharply higher after dollar drops

Posted on 16 August 2013

After beginning lower, most commodities prices reversed course on Thursday when the dollar turned downward, with natural gas, corn, and gold rallying well over 2 percent, silver jumping more than 5 percent and oil hitting a four-month high.
Crude oil prices rose on both sides of the Atlantic, with Brent prices hit a four-month high on fears that escalating violence in Egypt could affect the Suez Canal or spread across the Middle East, where supplies already face disruptions. Front-month September Brent, which expired on Thursday, settled 91 cents higher at $111.11 a barrel, after hitting its highest since April 2. More-active October oil was up 78 cents at $109.60………………………………………..Full Article: Source


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