Commodities 12/27/2006
Commodities
Crude Oil Falls to a One-Month Low as Mild Weather Cuts U.S. Fuel Demand Crude oil declined to a one-month low as mild weather in most of the U.S. reduced heating-fuel consumption.
Gold Prices Rise for Third Session in a Row as Euro Climbs Against Dollar Gold rose for the third-straight session in New York as a decline in the value of the dollar boosted the appeal of the metal as an alternative investment.
Cocoa Rises on Concern Supplies From Nigeria May Drop on Fuel Shortfalls Cocoa prices rose in New York on speculation shipments from Nigeria, the world's fourth-largest producer of the beans used to make chocolate, may slow as the country faces fuel shortfalls and attacks on its oil industry.
Wheat Prices Fall After Pakistan Lifts Ban on Exports, Increasing Supplies Wheat prices in Chicago fell almost 2 percent, snapping a five-session rally, as Pakistan plans to resume grain exports, increasing global supplies.
Copper Rises in New York as U.S. New-Home Sales Climb More Than Forecast Copper prices rose for the second- straight day in New York after sales of new homes in the U.S. rose more than forecast in November, signaling demand for the metal may rebound.
Coffee Advances for a Fourth Day in London on Buying by Investment Funds Robusta coffee rose for a fourth day in London on demand from mutual and pension funds that are betting returns from the beans will exceed other commodities.
Crude Oil Falls to a One-Month Low as Mild Weather Cuts U.S. Fuel Demand Crude oil declined to a one-month low as mild weather in most of the U.S. reduced heating-fuel consumption.
Gold Prices Rise for Third Session in a Row as Euro Climbs Against Dollar Gold rose for the third-straight session in New York as a decline in the value of the dollar boosted the appeal of the metal as an alternative investment.
Cocoa Rises on Concern Supplies From Nigeria May Drop on Fuel Shortfalls Cocoa prices rose in New York on speculation shipments from Nigeria, the world's fourth-largest producer of the beans used to make chocolate, may slow as the country faces fuel shortfalls and attacks on its oil industry.
Wheat Prices Fall After Pakistan Lifts Ban on Exports, Increasing Supplies Wheat prices in Chicago fell almost 2 percent, snapping a five-session rally, as Pakistan plans to resume grain exports, increasing global supplies.
Copper Rises in New York as U.S. New-Home Sales Climb More Than Forecast Copper prices rose for the second- straight day in New York after sales of new homes in the U.S. rose more than forecast in November, signaling demand for the metal may rebound.
Coffee Advances for a Fourth Day in London on Buying by Investment Funds Robusta coffee rose for a fourth day in London on demand from mutual and pension funds that are betting returns from the beans will exceed other commodities.
posted by alexsakne at 2:37 PM
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