Commodities News

Copper may rise to $7,875 a metric ton this week after prices formed an Elliott Wave, a chart pattern signaling the potential for even more gains, according to technical analysis by Sucden Financial Ltd.

Oil declined for a second day after service industries grew in August at the weakest pace in seven months, signaling that the U.S. economic rebound may slow.

Sugar production in India, the biggest consumer, may jump 17 percent as rains improve yields, helping the nation meet domestic demand, Farm Minister Sharad Pawar said.