Commodity Blog

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Crude Oil in Downtrend as US Fundamentals Hurt Demand Posted: 12 Apr 2013 05:20 PM PDT Crude oil dropped as poor fundamentals in the United States deterred demand. Retail sales unexpectedly declined 0.4 percent in March. The University of Michigan consumer sentiment fell from 78.6 in March to 72.3 in April, while specialists have hoped for an increase to 79.1. Markets were hurt by the negative data. Most commodities fell and stocks followed as the Standard & Poor's 500 Index of shares declined 0.3 percent. As for crude, it looks like [...]

Copper & Zinc Rebound After Drop Posted: 12 Apr 2013 04:07 AM PDT Zinc fell today, before recovering, on concerns that economic slowdown will hurt demand for the metal. Analysts estimated that China’s economic growth was at 8 percent in the first quarter of 2013, below the previous projections. China is the biggest consumer of the metal. Currently, zinc managed to rebound. Copper also dropped. The metal was hurt by the Chinese growth estimates as the Asian country is also the major consumer of the industrial metal. On top [...]

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