Monday, June 18, 2007

Sugar Rises Most in Eight Months as Higher Energy Prices May Boost Demand

(Bloomberg) -- Sugar rose the most in eight months
on speculation that short U.S. gasoline supplies will increase
demand for the sweetener, which is used to make the alternative
fuel ethanol.

U.S. gasoline supplies in the week ended June 8 were
5.2 percent below the five-year average, the Energy Department
said last week. Crude oil rose to a nine-month high in New York
today.


Read more at Bloomberg Commodities News

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