| Commodity markets were relatively well behaved on the first day of the week, as investors continued to track events in Washington D.C. Significantly, the US government is discussing a plan that would end the shutdown and increase the debt ceiling by enough to cover the nation’s borrowing needs at least through mid-February 2014, sources told Reuters.
The agreement would also see the government re-open until January and include a mechanism to force lawmakers into longer-term budget discussions, the Financial Times reported. Oil futures finished the day down by 0.13% at $102.28 on the NYMEX despite those signs of progress...............................................Full Article: Source
|