Commodities Weaken as USD's Recovery Continues
BonTradeTechnical rebound in USD continued to send commodities lower. The front-month contract for WTI crude oil fell to as low as 86.17 in European session after soaring to a 2-year high of 87.49. Fuels such as heating oil and gasoline also retreated after last week's rallies. The energy complex outperformed others in the commodity sector after Fed's return to QE as a catch-up play, The complex have lagged precious metals and base metals in the rally since mid-3Q10.
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Commodities Weaken as USD's Recovery Continues
