Commodity Blog

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• Crude Oil Suffers as Worries About Europe Plague Markets
• Video: Introduction to Commodities
• Commodity Prices — July 23rd 2012

Crude Oil Suffers as Worries About Europe Plague Markets Posted: 23 Jul 2012 03:13 PM PDT Price for crude oil tumbled today as worries about debt woes in Europe have led to concerns that demand for the commodity would wane. The yield on Spanish debt broke through the 7 percent level, the mark after which other indebted countries were forced to plead for a bailout. Greece is not likely to fulfill promises made to secure an aid, leading to speculations that the country would leave the eurozone. There are worries that China’s growth may continue to slow. The Asian country is the second-biggest consumer of crude in the world, making its economic growth an important factor for oil prices. On top of that, there are speculations that Iran may refrain from closing the Strait of Hormuz. Previously, the country threatened to disrupt the supply of oil from Middle Eastern countries in a response to sanctions from Western countries. Futures for delivery of crude oil in September were down $3.69 to $88.14 per barrel on NYMEX today. Brent crude dropped from $106.77 to $103.18 per barrel as of 22:02 on ICE, reaching $102.42 intraday — the lowest price since July 16. (...) Read the rest of Crude Oil Suffers as Worries About Europe Plague Markets (12 words) Posted on Commodity blog.

Video: Introduction to Commodities Posted: 23 Jul 2012 12:07 PM PDT In this video, Tim Bennett explains the very basics of commodities. The types of commodities that Bennett mentions are: metals (hard), agricultural (softs) and energy (oil and gas). He also tells what features define the commodity market and makes it different from other markets. The video advises the best way for a retail investor to trade the commodity market. (...) Read the rest of Video: Introduction to Commodities (32 words) Posted on Commodity blog.

Commodity Prices — July 23rd 2012 Posted: 23 Jul 2012 11:57 AM PDT Latest commodity prices (ICE, NYMEX, CME) as of 18:54 GMT: Oil (Brent) — $103.17 per barrel. Gold — $1,574.90 per troy ounce. Silver — $27.02 per troy ounce. Palladium — $570.75 per troy ounce. Platinum — $1,394.50 per troy ounce. Copper — $337.75 per 100 pounds. Cocoa — $2,255.00 per metric ton. Sugar — $23.72 per 100 pounds. Corn — $810.75 per 100 bushels. Soybean — $1,695.00 per 100 bushels. Posted on Commodity blog.

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