This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prices Slip For Metals, Oil; Crop Prices Recover

By The Associated Press

Prices for metals and oil dropped Tuesday, while key crops recovered some of their losses from the previous day.

The biggest moves were in palladium, which lost more than 2 percent, and platinum, which lost nearly 2 percent. Both can trade as industrial metals, meaning they generally rise when investors feel hopeful about the economy. Their decline was a schism from the U.S. stock market, where the Dow Jones industrial average closed above 15,000 for the first time.

Palladium for June delivery fell $16.50 to $680.60 per ounce. July platinum lost $26.50 to $1,481.20 per ounce.

June gold was down more than 1 percent, losing $19.20 to $1,448.80 per ounce. July silver lost 14.9 cents to $23.806 per ounce. July copper slipped 0.8 cent to $3.3025 per pound.

Oil prices fell, partly because investors are expecting an increase in U.S. oil supplies when the Energy Department releases its weekly inventories report Wednesday.

Benchmark oil for June delivery fell 54 cents to finish at $95.62 per barrel in New York. Brent crude, which is the benchmark for international oil varieties, fell $1.06 to $104.40 per barrel in London.

In other energy futures trading, wholesale gasoline dropped 3 cents to $2.83 a gallon. Natural gas fell 9 cents to $3.92 per 1,000 cubic feet. Heating oil edged up 1 cent to $2.93 a gallon.

Prices for key agricultural crops rose slightly, after falling Monday. Wheat was up 6.25 cents, about 1 percent, to $7.09 per bushel. Soybeans were also up about 1 percent, rising 13 cents to $13.8225. Corn edged up 3.5 cents to $6.40 a bushel. All are still down for the week, including a 9 percent decline in corn.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs