Commodity News WireEnergy Oil Dips Below $85; Greece Worries, Supplies Weigh
U.S. oil fell below $85 a barrel on Monday as Greece's festering debt crisis pushed the U.S. dollar up and as the oil market girded for further growth to inventories in the United States, the world's top energy consumer.
Bullions Gold Inches Up, Near 1-Week Highs; FOMC Eyed
Gold edged up on Tuesday, nearing a one-week high marked the previous day as a halt in the euro's decline provided support, while focus is on the Federal Reserve's two-day policy meeting starting later in the day.
Currency Euro Hit By Greek Uncertainty; Dollar Up Vs Yen
Confusion about the timing and amount of emergency aid for Greece prompted investors to sell the euro on Monday as markets worried about whether the euro zone country will manage to avert a debt default.
Base Metals Copper, Aluminum Drop as Dollar Rebounds on Greek Aid Concern
Copper declined for the first day in three amid concerns that an aid package for Greece won?t stop its deficit crisis from spreading, improving prospects for a stronger dollar. Aluminum, lead and zinc also dropped.
Agri Commodity Rising Export Demand Propels Guar Gum Prices
Rising demand for exports has resulted in guarseed and guar gum prices surging in the last couple of weeks.
Monsoon Challenges
One more financial year has begun, and one more south-west monsoon will be upon us in a matter of weeks.
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