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Results for Tag: Commodities

Oil prices collapse under 34 dollars as commodities reel

LONDON (AFP) - Oil prices fell this week to their lowest levels since 2004, despite a record OPEC output cut, while many commodities were dragged lower on fears of a looming global recession and weak demand.“Commodity markets have fallen

Oil price plunges, dragging most commodities lower

LONDON - Oil prices slumped this week as traders worried the slowing US economy would dampen demand from the world’s biggest energy consumer, sparking losses across other key commodity markets. OIL: Crude futures plummeted further from

Oil sets record high 147 dollars, aluminium rockets to new peak (weekly Commodities)

LONDON  - Oil prices zoomed to a record 147.50 dollars this week and aluminium hit all time highs as many commodities were boosted by supply worries, growing tensions over Iran and the weak US currency. “Commodity prices swung