Crude now at $116/barrel on improved demand expectation
Crude futures rallied Friday to records, as better-than-expected earnings results from selected shares signaled a strengthening economy that could boost demand. Also, the US Energy bureau reported last week that US refineries operated at 81.4% of capacity. Crude for May delivery advanced $1.83 to $116.69/barrel in Nymex.
Gold declined following dollar's recovery
Gold prices fell in New York, as the dollar rebounded versus the euro. Gold futures for June delivery slipped 0.6% at $942.90/oz at the Comex division of Nymex.
Copper down on latest US manufacturing data
Copper declined from a record in New York, following weak manufacturing data in the Philadelphia region. Traders were concerned a slumping US economy could stifle demand for metals. Copper futures for July delivery fell 1% at $3.9145/lb at the Comex division of Nymex.
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