Monday, February 23, 2009

News line: Commodities in focus

Source of articles in this post: Bloomberg

Oil Falls on Signs Demand May Drop Faster Than OPEC Cuts Supply

Feb. 23 (Bloomberg) -- Crude oil fell 4 percent on speculation demand will decline faster than the Organization of Petroleum Exporting Countries is curbing supply...

Gold Falls After Reaching 11-Month High in N.Y.; Silver Drops

Feb. 23 (Bloomberg) -- Gold fell in New York as some investors sold the metal after a rally last week to the highest price since March. Silver also declined...

Copper Rises for 3rd Time in Four Days as Metal Inventory Drops

Feb. 23 (Bloomberg) -- Copper prices rose for the third time in four sessions after inventories of the metal dropped, raising speculation that demand may rebound...

Corn, Soybeans Rise as Cheap U.S. Crops May Boost Export Demand

Feb. 23 (Bloomberg) -- Corn rose from a 10-week low and soybeans gained for the first time in nine sessions on speculation that cheaper U.S. supplies will spur import purchases.

Cotton Falls as Plunging Equities Signal Deteriorating Economy

Feb. 23 (Bloomberg) -- Cotton futures fell as sliding global equities triggered mounting concerns that the deteriorating economy will erode use of the fiber and other commodities.

Coffee Prices Rebound as Concerns Ease That Demand May Decline

Feb. 23 (Bloomberg) -- Coffee prices rose the most in more than two weeks as concerns eased that the U.S. financial industry may collapse and destroy demand for raw materials.