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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


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