Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
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 38144 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30