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Commodities Briefing - Categorized | Market Pulse, Price Watch more

Oil up 6 pct as demand rises; copper, grains follow

Posted on 26 February 2009

From Reuters: Signs of a recovery in U.S. energy demand boosted crude oil prices by 6 percent on Wednesday, helping copper and grains markets to a higher close as well.

Gold continued its losing streak, closing down for a third straight session as investors backed away from the so-called “safe haven” after rediscovering an appetite for oil and other riskier commodities. The dollar’s persistent strength [USD/] also weighed on the precious metal….. Full Article: Source


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