Oil Rises to Record Above $117 After OPEC Says No Need to Boost Production Crude oil rose above $117 a barrel for the first time after OPEC said it will maintain production, rejecting calls from the U.K. and Japan to boost output.
Codelco Opens One of Three Strikebound Copper Mines as Workers Defy Picket Codelco, the world's largest copper producer, reopened its El Teniente mine after night-shift employees crossed barricades of striking contract workers. Two other Chilean copper mines remained closed as the strike, which propelled copper prices to a record high, continued a fifth day.
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Dollar Decline Decelerates With G-7 Blessing as Weakening Shows No Endgame Traders betting on intervention by the Group of Seven nations to stem the dollar's 7.7 percent decline against the euro this year may be disappointed.
Gold Erases Gain in London; Dennis Gartman `Abandoning Ship' From Outlook Gold erased gains in London after Dennis Gartman said he is ``abandoning ship'' on his outlook for higher gold prices.
Asia May Risk `Silent Famine' as Poor Can't Afford Food, UN Agency Warns A ``silent famine'' risks emerging in some Asian countries where food prices including rice are escalating beyond the reach of the poorest people, the World Food Program warned.
And Uranium Drops a Bit More Long term prospects and short term supply-demand characteristics in the uranium market continue to clash with market watchers and researchers clinging on to a continuously bullish outlook for the commodity, only to see the spot price move into the opposite direction.
