Crude, Natural Gas, Gold Decline: Commodities at CloseMike Anderson
Standard & Poor’s GSCI gauge of 24 commodities falls 0.3% to 624 at 6:02 p.m. Singapore time. UBS Bloomberg CMCI index of 26 raw materials down 0.2% at 1,441.
* OIL/PRODUCTS ** West Texas Intermediate crude headed for a weekly drop amid speculation that the Fed will slow the pace of economic stimulus in the U.S. *** WTI for Jan delivery down 0.5% at $97/bbl
* NATURAL GAS
* PRECIOUS/BASE METALS ** Gold fell for a third day amid concern that the Fed may ** Copper dropped for the first time in six days, paring a weekly gain, as record output in China spurred concerns about
* SOFT COMMODITIES ** China’s palm oil imports by China may increase to the highest since April this month as consumption gains before a traditional holiday, according to a Bloomberg News survey.