Oil Prices Retreat

Posted July 6th, 2011 at 3:55 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday:

Crude oil prices fell back 24 cents to close at $96.65 per barrel, spurred on by a stronger dollar and higher interest rates in China.

Coffee futures lost 2 cents to finish at $2.67 per pound.

Copper prices fell 1 cent to $4.33 a pound.

Cocoa prices were down $26 to finish the day's trading at $3,202 a ton.

In Chicago trading, wheat prices dropped 9 cents to $6.27 per bushel.

Rice prices advanced 28 cents to $15.57 per hundredweight.