In New York, NYMEX crude oil futures rose above $40/bbl (+1.2%) this morning while COMEX copper futures advanced 1.5% to $2.65/lb. Gold futures were also up around 1% to $1,770/to as of this writing.
In London, base metal prices were mixed this morning, with LME 3-mo. copper and aluminum trading as high as $5,902/mt and $1,604.50/mt, respectively, while lead and nickel prices edged lower.
Bloomberg reports that “commodity investors face challenging territory in the final full week of June. While anti-virus curbs are being eased in many nations, there’s concern about a resurgence in cases in some locales.”
On Wall Street, the Dow Industrials and S&P 500 were little changed in early morning trading on Monday following losses at most of the major European bourses.
In foreign exchange trading, the dollar was weaker against most major trading partners with the euro buying $1.126 while the greenback dropped to 106.83 Japanese yen.
