Oil Prices Dive

Posted July 14th, 2011 at 4:35 pm (UTC-5)
Leave a comment

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.

In Chicago trading, the price of wheat fell 7 cents to close at $7.07 a bushel.

Rice prices gained 32 cents to finish at $17 a hundredweight