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Commodities Climb to Highest Since August as Oil Rallies on Iraq

Posted on 20 June 2014

Commodities rose to a nine-month high as crude advanced after a government report showed U.S. inventories shrank and amid concern that violence in Iraq will disrupt supplies from OPEC’s second-largest producer.
The Standard & Poor’s GSCI Spot Index (SPGSCI) of 24 raw materials increased as much as 0.3 percent to 665.5475, the highest level since Aug. 29. The gauge added 2.4 percent this month and was at 665.3918 by 12:44 p.m. Singapore time today. West Texas Intermediate oil climbed as much as 0.5 percent in New York………………………………………..Full Article: Source


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