Commodities markets pushed higher Thursday as traders grew more confident in Japan's ability to recover from the earthquake and tsunami that ravaged the country.Oil futures rose above $100 a barrel after slumping along with global equities markets earlier this week, and were recently trading up $2.39, or 2.5%, to $100.37 a barrel on the New York Mercantile Exchange.
Copper, a key metal used for construction and other industrial sectors, rose 3.7%. Agricultural commodities surged higher on improving export data and a weaker U.S. dollar..............................................Full Article: Source
|