Copper cut losses in morning Asia trade after hitting six-year low yesterday in fears of a breakdown in China demand following stock market rout. Oil also stabilized although it entered bear market.
Copper recovered in line with Chinese stocks
Oil entered... (full story)
THE CASE FOR CRUDE. As crude consolidated in May through June the argument grew that crude had bottomed and would recover. The argument was that demand was up, spending on new oil development would drop and so the oil supply would drop, increasing prices. Right and... (full story)