West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.
West Texas Intermediate crude fell a second day, reversing a third weekly gain, as rising supplies countered signs of economic growth.
West Texas Intermediate fell, heading for a monthly decline before a report that may show U.S. crude inventories at a two-decade peak.
Sugar climbed for a fourth day in New York, the longest winning streak since March 7, gaining support from rising grain prices just before the expiry of the May futures contract. Cocoa fell.
West Texas Intermediate crude advanced to the highest in more than a week amid speculation that the European Central Bank will cut its key interest rate to a record low next week.
Brent crude rose from a nine-month low and West Texas Intermediate advanced for the second time in six days, on speculation that losses were exaggerated.
Robusta coffee futures rose in London as farmers in Vietnam, the biggest grower of the variety, are hanging onto their beans to obtain better prices. Sugar gained.
Wheat rose in Paris on speculation global grain supplies will shrink as drought threatens to reduce crops in the U.S., the world’s biggest exporter.
West Texas Intermediate rose after its steepest plunge in a month, while Brent futures rebounded from their lowest level since December, as policy makers weighed bailout options for Cyprus.
Cocoa fell for a third day in London on speculation rain is helping boost crop prospects in Ivory Coast, the world’s largest grower. Sugar also declined.
"It is being dragged down by commodities in general. Gold nosedived first, followed by the rest."
- Carsten Fritsch on May 10, 2013