Commodities News
-
Barclays Capital took a stake in U.K. metals-warehousing company Erus Metals Ltd., which is seeking approval to store London Metal Exchange inventories, according to a person with knowledge of the transaction.
-
Oil dropped in New York, trimming a second weekly gain, as the U.S. failed to add jobs last month, spurring bets that fuel consumption in the world’s largest economy will suffer.
-
Gold jumped the most in almost four weeks after a report showed that U.S. employment unexpectedly stagnated in August, lifting demand for haven assets.
-
Corn rose the most in a week and soybeans rallied on speculation that hot, dry weather has damaged U.S. crops more than the government forecast last month.