Oil Prices Dive

Posted July 14th, 2011 at 3:40 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Thursday:

Crude oil prices slid more than $2 to settle at $95.69 a barrel. Prices plunged after the chairman of the Federal Reserve said U.S. central bank was in no rush to pump more money into the struggling U.S. economy.

Coffee prices fell 5 cents to end at $2.57 per pound.

Copper prices dropped 2 cents to close at $4.37 per pound.

Cocoa futures dipped $14 to end the day's trading at $3,166 a ton.