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Wednesday, August 02, 2006

Bullish Commodity Headlines

Here are top commodity headlines I ripped from Bloomberg this morning. I've included links to the stories on the web. It all looks pretty bullish to me...

Natural Gas Surges in New York on Hurricane Threat, Heat Wave

Natural gas prices soared, nearing a six-month high, on concern that Tropic Storm Chris will Threaten Gulf of Mexico production and on record demand for electricity to cool homes and buildings in the Eastern US.

Copper Climbs on Speculation Chilean Supply Will Be Disrupted

Copper prices rose as labor disputes and supply disruptions in Chile curb production amid growing demand for the metal used in wiring and plumbing.

Alcan's Net More than Doubles as Aluminum Prices Gain

Alcan Inc., the world's second- largest aluminum producer, said profit more than doubled in the second quarter on higher metals prices. The company raised its quarterly dividend by 33 percent

Gold in New York Climbs to Two-Week High as Energy Prices Jump

Gold rose for a seventh consecutive day as investors bought the metal as a hedge after the U.S. dollar weakened and crude oil prices rose.

Oil Rises as Storm Heads Toward US ... Iran Continues Enrichment

Crude oil rose for a third day on concern that a tropical storm may threaten U.S. oil fields and after Iran said it will continue developing nuclear capabilities in defiance of a United Nations resolution.
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