Commodity Blog

---

Crude Oil Slips as Iran Cooperates with UN Posted: 22 May 2012 03:52 PM PDT Crude oil pulled back today after earlier advance as Iran reached an agreement with the International Atomic Energy Agency to allow the United Nations’ inspectors visit Iran’s nuclear facilities. Robert Wood, a US envoy to the international organizations in Vienna, commented on the accord: We urge Iran to take this opportunity to resolve all outstanding concerns about the nature of its nuclear program. Full and transparent cooperation with the IAEA is the first logical step. Concerns about sanctions against Iran were bullish for oil and now the commodity may lose that support. On the other hand, the bearish story of the European crisis persists still. Traders are worried by the decline of Italy’s economy and speculation that Spain may the next country to request a financial aid. Oil loses appeal as one of the world’s biggest markets is constantly shaken by bad news and fear of the future. July futures for delivery of crude oil dropped as much as $1.01 (1.1 percent) to $91.85 per barrel on NYMEX today. Brent grade of oil slipped from $109.17 to $108.25 as of 22:46 GMT on ICE. (...) Read the rest of Crude Oil Slips as Iran Cooperates with UN (12 words) Posted on Commodity blog.

Commodity Prices — May 22nd 2012 Posted: 22 May 2012 12:57 PM PDT Latest commodity prices (ICE, NYMEX, CME) as of 19:56 GMT: Oil (Brent) — $107.91 per barrel. Gold — $1,577.00 per troy ounce. Silver — $28.17 per troy ounce. Palladium — $608.15 per troy ounce. Platinum — $1,443.40 per troy ounce. Copper — $348.10 per 100 pounds. Cocoa — $2,175.00 per metric ton. Sugar — $19.92 per 100 pounds. Corn — $601.25 per 100 bushels. Soybean — $1,381.00 per 100 bushels. Posted on Commodity blog.

You are subscribed to email updates from Commodity Blog To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610