Tue, Sep 27, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Market Moves, Market Pulse more

U.S. commodities: Raw materials jump most this year, led by oil

Posted on 05 March 2009

From Bloomberg: Commodities jumped the most this year on speculation that China will increase stimulus spending to bolster economic growth, reviving demand for energy, metals and crops. Crude oil led the rally, soaring 9 percent.

An official said Chinese Premier Wen Jiabao may announce new measures to spur expansion, adding to a 4 trillion yuan ($585 billion) spending plan. A U.S. government report today showed an unexpected decline in petroleum inventories last week as OPEC cut production. Oil futures rose to a five-week high….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 47850 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930