Commodities Move Sideways, Awaiting Miracle in US Debt Negotiation
SylviaHunt30Commodities were in a consolidative mode yesterday, weighed down by the impasse of the US debt ceiling negotiation and concerns about the European debt problems with the focus now turned to Italy but then gained support on better-than-expected US jobless claims data. The front-month contract for WTI crude oil price slipped to 96.51, the lowest level since July 19, before ending the day flat at 97.44 while the equivalent Brent crude contract remained at the recent narrow trading range through the day.
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Commodities Move Sideways, Awaiting Miracle in US Debt Negotiation
