Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Copper Falls; Oil Trades at One-Week Low: Commodities at Close

The Standard & Poor’s GSCI gauge of 24 commodities fell 0.01 percent to 661.91 at 5:05 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials decreased 0.3 percent to 1,592.227.


Oil traded near the lowest level in a week in New York after U.S. crude stockpiles gained and capacity on the Seaway pipeline was reduced.

West Texas Intermediate crude for March delivery was at $95.39 a barrel, up 16 cents, in electronic trading on the New York Mercantile Exchange at 4:04 p.m. Singapore time. The contract dropped $1.45 yesterday, the most since Dec. 21, to the lowest price since Jan. 16. The average volume of all futures traded was 32 percent above the 100-day average.

Brent for March settlement was at $112.70 a barrel, down 10 cents, on the London-based ICE Futures Europe exchange. The number of futures traded was 52 percent higher than the 100-day average. The European benchmark contract was at a premium of

OIL PRODUCTS Asia’s naphtha crack spread extends gains, signaling increased profit for refiners making the petrochemical and gasoline feedstock. Jet fuel’s regrade rebounds.

• Light Distillates • Naphtha’s premium to London Brent crude up $4.38 at $113.54/ton at 10:48 a.m. Singapore time, according to data compiled by Bloomberg • Crack spread widest in four weeks • February naphtha swaps up $3.25, or 0.3%, at $962.25/ton, PVM said • Gasoline reforming margin yesterday fell 85 cents to close at $14.15/bbl, narrowest since Jan. 15, data compiled by Bloomberg show

• Middle Distillates • Gasoil’s premium to Dubai crude down 10 cents at $19.61/bbl at 10:10 a.m. Singapore time, according to PVM Oil Associates • Crack spread narrowest since Jan. 7 • February gasoil swaps up 10 cents at $127.55/bbl • Jet fuel regrade up 5 cents at premium of 80 cents/bbl

• Fuel Oil • Fuel oil’s discount to Dubai crude narrows 27 cents to $7.55/bbl at 10:10 a.m. Singapore time, according to PVM • Crack spread gains for first time this week • February fuel oil swaps up $3, or 0.5%, at $637.50/ton


Copper dropped for a second day as signs of growing output overshadowed China’s preliminary manufacturing data that exceeded estimates. Aluminum and zinc also declined.

Copper for delivery in three months retreated as much as 0.4 percent to $8,071.25 a metric ton on the London Metal Exchange and traded at $8,077 at 3:47 p.m. in Seoul. The


Gold fell to a one-week low after a survey showed China’s manufacturing expanding at the fastest pace in two years and the International Monetary Fund said global growth will accelerate this year, curbing haven demand.

Gold for immediate delivery dropped as much as 0.5 percent to $1,677.65 an ounce, the lowest price since Jan. 17, before trading at $1,680.05 by 2:45 p.m. in Singapore. Bullion for February fell 0.4 percent to $1,679.50 an ounce on the Comex.

Silver for immediate delivery slumped 1 percent to $31.9275


Corn dropped to its lowest level in more than a week on concern that this year’s advance may further curb use of the grain in ethanol production, which is already at the lowest since 2010. Wheat and soybeans fell.

The contract for March delivery lost as much as 0.7 percent to $7.16 a bushel on the Chicago Board of Trade, the cheapest most-active price since Jan. 14, and was at $7.165 by 2:13 p.m. Singapore time. Futures advanced 2.6 percent this year, extending an 8 percent increase in 2012.

Soybeans for March delivery lost as much as 1 percent to $14.23 a bushel before trading at $14.2325. Wheat for March delivery fell 0.3 percent to $7.7225 a bushel.

Rubber dropped to the lowest level in a week after the International Monetary Fund cut its global growth forecast for 2013, raising concern demand for the commodity used in tires will falter.

The contract for delivery in June lost 0.3 percent to end

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.