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Copper Falls as Oil-Cost Gain May Slow Economy, Demand
Feb. 22, 2011 03:10PM PST
Base Metals Investing Bloomberg reports that copper fell the most in three months on concern that the rising cost of oil may slow economic growth, reducing demand for the metal.
Bloomberg reports that copper fell the most in three months on concern that the rising cost of oil may slow economic growth, reducing demand for the metal.
The market news is quoted as saying:
“It’s really a function of risk aversion that is becoming a bigger factor as we see more conflict in the Middle East, particularly Libya,” said Daniel Brebner, an analyst at Deutsche Bank AG in London. “Oil prices are rising, and there may be some result in lower growth.”
