Prices slip for metals, oil; crop prices recover

5/7/2013 2:00 PM
By Associated Press

Prices for metals and oil are dropping, while key crops recovered some losses from the previous day.

The biggest moves were in palladium, which lost more than 2 percent, and platinum, which lost nearly 2 percent. Both can trade as industrial metals, meaning they generally rise when investors feel hopeful about the economy.

Palladium for June delivery fell $16.50 to $680.60 per ounce. July platinum lost $26.50 to $1,481.20 per ounce.

June gold was down more than 1 percent, losing $19.20 to $1,448.80 per ounce.

Benchmark oil for June delivery fell 54 cents to finish at $95.62 per barrel in New York.

Prices for key agricultural crops rose slightly. Wheat and soybeans were up about 1 percent.


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11/28/2014 | Last Updated: 11:30 PM