Sunday, May 27, 2007

Rubber Prices Decline in Tokyo as Crude Oil Falls from Three-Week High

(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, fell for the first day in nine as prices dropped for
crude oil, which is used to make a synthetic alternative to
natural rubber.

Crude oil for July delivery fell as much as 50 cents, or
0.8 percent, to $64.73 a barrel, in after-hours electronic
trading on the New York Mercantile Exchange. The commodity
traded at $64.84 a barrel at 11:43 a.m. in Singapore, compared
with the three-week high of $67.10 on May 21.


Read more at Bloomberg Commodities News

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