Forex | Forex | Commodity Prices Jumped As Led By The Energy Complex (31/07/2009 03:17:13)

Commodity Prices Jumped As Led By The Energy Complex

Commodity prices surged Thursday as better-than-expected US employment data and strong corporate earnings boosted interest in risky assets. The Reuters/Jefferies CRB index gained +3.9% to 253.1, the biggest rally in 4 months. Leading the rise was the energy complex in which crude oil price rose +5.7% to 66.94. Gasoline and heating oil jumped +7.3% and +5.8%, respectively to 1.99 and 1.77 respectively. Natural gas price also rose +5.5% to 3.74 as gas storage increased less than anticipated. The


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