Copper Drops With U.S. Stocks While Oil Swings on Saudi Pledge

Updated on
  • Metals tumble amid supply concerns, with copper down 2%
  • S&P 500 slips after best weekly performance of the year

Oil, Copper Slump at Mercy of Saudi Arabia, China

Copper slid to the lowest level since 2009 amid concerns over supply, while U.S. stocks retreating following their best weekly performance of the year. Oil fluctuated after Saudi Arabia said it’s ready to work with other producers to stabilize global markets.

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