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Thursday, April 06, 2006

Markets To Watch Today

Crude Oil: Crude Oil prices climbed above $67 a barrel and continued further on overnight trading, based mostly on higher Gasoline prices. A larger drain on inventories coupled with a slower return from scheduled maintenance for refineries pushed the energies higher. May Crude is trading at 67.80, up 0.73 for the ACCESS session.

Copper: Copper continues to soar at record price levels. The bull market was pushed higher by shortages in Europe and production disruptions in Mexico. May Copper is trading at $2.6235, up 2.75 cents as of 8:45.

Wheat: Wheat futures in Minneapolis made gains yesterday as floods in areas growing Spring Wheat are feared to limit crop production. May Minneapolis Wheat closed at $4.11 1/2, up 6 cents. May Kansas City Wheat closed at $4.22, up 7 3/4 cents. May Chicago Wheat closed at $3.47, up 4.25 cents.