Commodities Fall Sharply on Profit-taking
SylviaHunt30Commodities retreated on profit –taking. Brent crude oil declined to as low as 117.90 after climbing higher to a new 5-week high of 120.07 earlier in the day while WTI crude broke below 100 with current price level at 99.20. However, in the near-term, prices should remained supported by OPEC's decision of not increasing quota.
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Commodities Fall Sharply on Profit-taking
