Rubber Drops Most in Three Weeks as Less Syria Concern Hurts Oil
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Rubber fell the most in three weeks as oil prices dropped, cutting the appetite for the commodity used in tires, amid speculation that the U.S. Congress won’t endorse a strike against Syria.
The contract for February delivery lost 1.3 percent to 282.4 yen a kilogram ($2,825 a metric ton) on the Tokyo Commodity Exchange, the biggest drop at close for a most-active contract since Aug. 20. Futures declined 6.6 percent this year.