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Sun, May 31, 2009 - Page 10 News List

Crude oil caps biggest monthly gain since 1999

MONEY-BASED RALLY: A weakened greenback helped push crude futures higher in the past week, with prices hitting US$66.31 in New York and US$65.52 in London

BLOOMBERG AND AFP , LONDON

Palladium gained to US$236 an ounce from US$234.

BASE METALS: Base metals prices mostly rose from a week earlier.

“Encouraging US macro data saw the metals strengthen,” analysts at Barclays Capital said.

By Friday on the London Metal Exchange, copper for delivery in three months climbed to US$4,790 a tonne from US$4,582 a week earlier.

Three-month aluminium fell to US$1,423 a tonne from US$1,437.

GRAINS AND SOYA: Soya and grains prices struck multi-month highs. By Friday on the Chicago Board of Trade, maize for delivery in July rose to US$4.33 a bushel from US$4.30 a week earlier.

July-dated soyabean meal — used in animal feed — increased to US$11.79 from US$11.66.

Wheat for July advanced to US$6.42 a bushel from US$6.12.

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