Weekly Fundamentals - Commodities Fell Despite Encouraging Job Data

Profit-taking was seen on Friday after stronger-than-expected US non-farm payrolls. While improved job market data might signal better economic outlook in the world’s largest economy, investors remained cautious about the aftermath of Hurricane Sandy and decided to take profit after rallies earlier in the day. In the commodity sector, crude oil prices slumped amid concerns that refinery shut down due to the hurricane would increase supply.

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Weekly Fundamentals - Commodities Fell Despite Encouraging Job Data