Commodities Slumped on Profit-Taking; Yellen's Speech, BOC Meeting in Focus

Commodities slumped, paring the gains previously made, as investors took profits after receiving mixed economic data. The front-month contract for WTI crude oil initially slipped to a 4-day low of 1029.1 before ending the day at 1037.5, down -0.29%. The Brent crude contract, however, climbed to as high as 109.75, a level not seen since March 4, before settling at 109.36, up +0.27%.

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Commodities Slumped on Profit-Taking; Yellen's Speech, BOC Meeting in Focus