WTI Crude Gains a Third Day; Gold Climbs: Commodities at Close
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The Standard & Poor’s GSCI gauge of 24 commodities adds 0.3% to 632.97 at 5:17 p.m. in Singapore. UBS Bloomberg CMCI index of 26 raw materials advances 0.1% to 1,488.81.
* OIL/PRODUCTS ** West Texas Intermediate crude heads for the biggest three-day gain in nine months as air strikes in Syria renew concern that unrest will spread in the Middle East and disrupt supply. London’s Brent oil rises ** WTI for June delivery gains as much as $1.56 to $97.17 a barrel in electronic trading on the New York Mercantile Exchange and is at $96.23 at 3:12 p.m. Singapore time ** Singapore naphtha’s discount to London Brent crude widens 9 cents to $12.33/bbl