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Rubber Drops as Much as 3.2% After Crude Oil Slump Curbs Demand

By Aya Takada

Nov. 2 (Bloomberg) -- Rubber futures in Tokyo dropped by as much as 3.2 percent after crude oil prices tumbled.

The April-delivery contract on the Tokyo Commodity Exchange fell to as low as 224 yen per kilogram before trading at 224.3 yen at 9:04 a.m. local time.

To contact the reporter on this story: Aya Takada in Tokyo at atakada2@bloomberg.net

Last Updated: November 1, 2009 19:05 EST

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