Tuesday, January 02, 2007

Commodities 1/2/2007

Commodities 1/2/2007
Crude Oil Declines as Mild Weather Reduces U.S. Heating-Fuel Consumption Crude oil fell as mild weather in the U.S. curbed heating-fuel demand and the execution of Saddam Hussein raised the specter of increased violence in Iraq.
Gold Climbs to Three-Week High in London, Extending Gains From Last Year Gold climbed to a three-week high in London on speculation investors will buy bullion as an alternative to the dollar.
U.S. Natural-Gas Prices Fall as Forecasts Show Above-Normal Temperatures Natural gas declined in New York as forecasters predicted mild weather through the middle of the month, signaling reduced demand for the furnace fuel.
Philippine Rice Imports May Fall Less Than Expected on El Nino Conditions The Philippines, the world's biggest rice importer in 2005, may buy at least 1.6 million metric tons of the grain overseas, in line with last year, as El Nino weather conditions hinder its ability to reach self-sufficiency.
Cocoa Rises as Peace Talks Falter Between Ivory Coast Rebels, Government Cocoa prices gained in London after a breakdown in peace talks between rebels and the government of Ivory Coast, the world's biggest producer of the beans.
U.K. Winter Natural-Gas Prices Fall on Supply, Above-Average Temperatures U.K. natural gas for delivery this winter declined on signs that supplies will be sufficient amid warmer-than

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