Copper prices fell Friday, signaling a pause in the industrial metal's surge, on mounting concerns that the rally may have been overdone. Copper futures for October delivery slipped about 1% to $6,030 a metric ton on the London Metal Exchange. The drop comes as investors struggle to reconcile signs of a global economic recovery with the surge in coronavirus infections in the U.S., which could deal a setback to manufacturers.
Oil prices rose Thursday after employment data showed the U.S. economy gained more jobs than expected last month. U.S. crude futures for August delivery added 2.1% to $40.65 a barrel on the New York Mercantile Exchange, closing at their highest level since March 6.. Prices edged higher after Labor Department data showed the U.S. added 4.8 million jobs in June, bringing the unemployment rate down to 11.1%.
Oil prices rose Thursday after employment data showed the U.S. economy gained more jobs than expected last month. U.S. crude futures for August delivery added 2.1% to $40.65 a barrel on the New York Mercantile Exchange, putting them on target for their highest closing price since March 6.. Prices edged higher after Labor Department data showed the U.S. added 4.8 million jobs in June, bringing the unemployment rate down to 11.1%.
Oil prices rose Thursday after employment data showed the U.S. economy gained more jobs than expected last month. U.S. crude futures for August delivery added 1.7% to $40.45 a barrel on the New York Mercantile Exchange, putting them on target for their highest closing price since March 6.. Prices edged higher after Labor Department data showed the U.S. added 4.8 million jobs in June, bringing the unemployment rate down to 11.1%.
Global food prices rose in June for the first time this year, the United Nations' Food and Agriculture Organization said Thursday, suggesting that the sharp declines experienced by food commodities as the coronavirus has hit demand could be easing. The UN FAO's monthly food price index, which tracks a basket of the most common foodstuffs such as grains, vegetable oils and meat, rose 2.4% in June to 93.2. The rise halts four consecutive months of declining food prices, as measured by...
Oil prices inched higher Wednesday, continuing a recent rebound after data showed U.S. crude stockpiles fell more than anticipated last week. U.S. crude futures for August delivery were recently up 0.9% at $39.62 a barrel. Prices are near their highest level since early March, buoyed by recovering fuel demand and supply cuts by the Organization of the Petroleum Exporting Countries and allies including Russia.
U.S. inventories of crude oil inventories fell from an all-time-high, but gasoline supplies unexpectedly increased, according to data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices, which were higher before the data were released, reduced those gains afterward. The Nymex front-month crude contract for August delivery was recently up just 0.1%% at $39.29/ bbl.
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