Oil Prices Plunge on Economic Data

Posted June 1st, 2011 at 4:35 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday:

The price of crude oil slid $2.41 to close at $100.29 a barrel after a series of reports on jobs and manufacturing sparked concerns that the U.S. economic recovery may be starting to stagnate.

Coffee prices fell almost 9 cents to $2.56 a pound.

Copper fell 7 cents to $4.10 per pound.

Cocoa declined $46 to finish the day's trading at $2,953 a ton.

In Chicago trading, wheat prices fell 23 cents to end at $7.59 a bushel.

Rice prices fell 50 cents to close at $14.56 a hundredweight