Commodities Reverse Gains...

Crude oil reversed gains as the crisis in Egypt reduced risk appetite. The front-month contract for WTI crude oil plunged below 90 again after briefly breached the level in Asian session. Brent crude oil price rose to as high as 99.97 before pulling back to 98.7. Precious metals also fell with gold erasing half of the gains made Friday. Stock markets slumped across the board.

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Commodities Reverse Gains...