Copper Futures Rebound as Concern Ebbs on Energy Costs, Economy
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Copper rebounded from the lowest price in almost two weeks as economic concerns eased following a drop in energy costs.
Crude oil fell from a 29-month high in New York on speculation that members of the Organization of Petroleum Exporting Countries will meet to discuss ways to make up for the loss of production out of Libya. U.S. equities advanced. Copper prices jumped to a record last month as mining companies struggled to keep pace with rising consumption.