Rubber Jumps Most in Two Months as Oil’s Rally Boosts Appeal
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Rubber jumped the most in two months after oil in New York surged to a 15-month high, boosting the appeal of the commodity as an alternative to synthetic products used in tires.
Rubber for delivery in December on the Tokyo Commodity Exchange advanced 4.4 percent, the biggest gain for a most-active contract since May 10, to settle at 245.1 yen a kilogram ($2,475 a metric ton).