Brent crude fell 69 cents to settle at $111.57 a barrel, having slumped to $110.04, the lowest intraday price since last falling below the $110 level on Jan. 25.
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Tuesday, 15 May 2012
U.S.CRUDE
U.S. crude dropped 54 cents to $94.24 a barrel, after falling to $93.65 on Monday, the weakest intraday price since Dec. 19.
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OIL
Oil prices fell on Monday as Greece’s inability to form a coalition government and concerns about a slowing Chinese economy fed worries about the outlook for petroleum demand.
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PLATINUM
Platinum prices are expected to end the year higher conducted for Platinum Week showed, as constraints on supply and improving demand tighten the market.
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SHANGHAI COPPER
The most-traded August copper contract on the Shanghai Futures Exchange fell 1.6 percent to 55,340 yuan ($8,800) a tonne.
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LME COPPER
Three-month copper on the London Metal Exchange dropped 0.9 percent to $7,767.25 a tonne by 0107 GMT, extending its losing streak to a third session. The metal touched a low of $7,763.50 earlier, its weakest since Jan. 12.
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COPPER
Copper hit $8,765 in February, its highest level so far this year and a more than 15 percent increase from 2011, after Greece clinched a bailout deal to avoid a debt default.
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SPOT GOLD
Spot gold hit in an intraday low at $1,555.40 an ounce before rebounding to $1,558.25 by 0019 GMT, up $1.60.
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