This Morning

In New York, NYMEX crude oil futures traded as high as $57.82 per barrel this morning. Copper prices weren’t fairing as well this morning with COMEX copper futures down around $2.62 per pound while LME 3-mo. copper briefly dipped below $5,800 per metric ton. Aluminum prices bucked the trend in base metal trading in London this morning, with LME 3-mo. aluminum recently up around $1,800 per ton. In foreign exchange trading the dollar retraced recent gains with the euro buying $1.106 while the British pound rebounded to $1.235 this morning as investors shook off UK hard-Brexit and recession fears.