Sunday, February 13, 2011

Copper and Crude Oil Soar in Price

LONDON: Brent crude surged above $100 this week, while copper and tin futures struck record highs as a cocktail of violent unrest in Egypt and strong Chinese demand for raw materials fuelled investor appetite .

Commodities were also bolstered by upbeat manufacturing data from Germany and the United States that sparked hope of a strengthening global economic recovery. Copper futures soared as cyclone Yasi bore down on Australia.