(Bloomberg) -- Natural rubber futures in Tokyo rose
as crude oil traded near a one-year high, prompting speculation
that demand for the commodity will increase as the cost of making
the synthetic alternative climbs.
Crude Oil for September delivery reached $77.24 a barrel in
New York on July 26, the highest intraday price for a front-month
contract since August 9 and just below the record $77.45 a barrel.
The contract rose 2.8 percent on July 27, and traded at $76.64 a
barrel at 12:43 p.m. Singapore time, up 16 percent this year.
Read more at Bloomberg Commodities News
as crude oil traded near a one-year high, prompting speculation
that demand for the commodity will increase as the cost of making
the synthetic alternative climbs.
Crude Oil for September delivery reached $77.24 a barrel in
New York on July 26, the highest intraday price for a front-month
contract since August 9 and just below the record $77.45 a barrel.
The contract rose 2.8 percent on July 27, and traded at $76.64 a
barrel at 12:43 p.m. Singapore time, up 16 percent this year.
Read more at Bloomberg Commodities News
No comments:
Post a Comment