Copper Snaps Four-Session Slump
Copper halted a four-session slump Tuesday as economic concerns eased following a drop in the price of crude oil. On Monday, crude closed at a 29-month high on disruptions in Libya.
Articles Tagged "oil prices"
Middle East and North African Tensions Push Oil Prices Higher, Posing Recession Threat
Oil Investing News reports the unexpected wave of popular uprisings that have swept over the Middle East and North Africa (MENA) has shocked the rest of the world.
US Dollar Drags Copper Futures Down
US copper futures dropped in connection with the overall fall of the metals complex as the US dollar’s strength continued to push metals down. A weaker tone on Wall Street and further probes to the downside in crude oil prices were other factors seen dragging on industrial metal copper. Read the entire article here. [...]
Copper Up and Capped by Strong Dollar
The lower price of copper found enough investors to lift copper by 1% while the strong US dollar, high inventory levels and drop in oil prices continues to put a cap on more gains. The U.S. dollar surged to its highest against the euro since January, extending its recent bull run on growing expectations [...]
Copper Down on Demand Fears
Copper saw a two percent drop as the dollar holds firm, oil prices dropped and investors showed their concern for metal demand. “It’s not any shift in underlying fundamentals of supply and demand, it’s really of lot of negative perceptions about the global economy which are affecting commodities as a whole.” Read the complete [...]
Industrial Metals Boosted
Copper is riding a three week high and an increase of almost four percent due to increasing oil and a falling dollar. Industrial metals have recently been hostage to moves in currency markets as a weak dollar makes dollar-denominated metals cheaper for local currency holders. Analysts say that on a technical basis, copper couuld rally [...]
Copper price revival continues
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]
Copper Jumps on Bargain Hunting
With a weak dollar and jumping oil prices copper found itself rising Friday. Stocks are expected to continue rising and global economic weakness will most likely have an effect on demand thereby putting a cap on copper’s gains. The LME said Friday that global copper inventory rose by a healthy 2,600 tonnes to 133,475 in [...]
