Summary Box: Metals, energy, grains all fall amid stronger dollar, European debt woes
By APFriday, May 14, 2010
Summary Box: Commodities decline across the board
STRONGER DOLLAR: Commodities prices fell across the board Friday as the dollar grew stronger against other currencies. A stronger dollar makes commodities more expensive for overseas buyers because they are priced in dollars.
INDUSTRIAL METALS: Industrial metals also retreated. Adding to the concerns over Europe’s economy were signs of slower growth in China.
ENERGY DROP: Energy prices were weighed down by the economic recovery worries, plentiful supplies and diminished demand. Benchmark crude oil settled at $71.61, a level not seen since Feb. 6.
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