Rubber Snaps Six-Day Rally as Crude Oil’s Slump Reduces Appeal
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Rubber declined, snapping a six-day winning streak, as a slump in oil weakened speculation prices will increase for rival synthetic products used in tires.
Rubber for delivery in December lost 0.5 percent to 255.8 yen a kilogram ($2,559 a metric ton) on the Tokyo Commodity Exchange. Futures have lost 15 percent this year.