Dhaka, Bangladesh (BBN) - Gains in equity markets across the board saw copper rally to a one week high. Copper for three month delivery rose as high as US$ 4,556 a ton on investor confidence.
Rallying equity markets, renewed investor confidence on the depth of recovery and market expectations of the second weekly fall in US stockpiles boosted crude oil prices, with the contract for June delivery rising as high as US$ 59.28 a barrel, according to reports.
BBN/SS/SI/AD-19May09-12:03 pm (BST)