Copper Climbs for First Time in a Week as Oil Rebounds
This article is for subscribers only.
Copper prices rose from a four-year low as rebounds in crude oil and precious metals paced a rally in raw materials.
On the Comex in New York, copper futures for March delivery jumped 1.8 percent to settle at $2.898 a pound at 1:17 p.m., the biggest gain for a most-active contract since Sept. 16 Earlier, the price tumbled as much as 2.4 percent to $2.7775, the lowest since June 9, 2010. That left 60-day historical volatility at the highest since October 2013.