Tuesday, May 18, 2010

Commodity Update

Crude Oil (Brent): The price of crude oil (Brent) fell by 12.8% to USD 75.11 per barrel, extending the steepest weekly loss in 16 months. It is due to concerns that Europe's debt crisis will slow the global economic recovery.

Copper: The price of copper fell by 6.2% over the week as large sell-offs in global equities and persistent euro zone debt worries adversely affected investor sentiment.