18.03.2011 - Commodities rise as fears moderate over Japan
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
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