Summary Box: Industrial metals, oil rise on hopeful signs of US recovery; China growth
By APFriday, March 5, 2010
Summary Box: Metals, oil rise on recovery signs
JOBS REPORT HELPS: Commodities prices got a lift Friday after the Labor Department said employers cut fewer jobs in February than expected. That hopeful sign for recovery pushed prices higher.
CHINA IS ALSO A FACTOR: China’s premier said the country is on pace for 8 percent economic growth this year. The country is a big consumer of goods like copper and oil, so demand from China should remain high.
GRAINS ARE VOLATILE: Grain prices were mixed, continuing a recent run of volatility ahead of next week’s crop report.
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