| From FT: Commodity prices hit their lowest levels in more than a year yesterday as the International Monetary Fund said the global economy faced economic downturn. Crude oil fell to $86.05 a barrel, its lowest since December 2007, and copper, the bellwether of the base metal sector, to $5,250 a tonne, its lowest since March 2006.
Other base metals, including zinc, nickel and aluminium, hit levels not seen in the past three and a half years. The drop in oil prices triggered discussion among members of Opec about production cuts. ..... Full Article: Source
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