Markets To Watch Today

Copper: Copper did it again, grabbing new all time highs due to strong sustained industrial demand combined with tightening supplies and pushed by now resolution in Mexico, where miners continue to strike. May Copper is trading at 2.7910, up 1.95 cents as of 7:51 am CDT.


Crude Oil: Crude actually fell yesterday on higher stocks reported by the EIA, while petroleum-based products made gains on reported inventory drains. Government estimates of higher gas prices this summer come as little surprise to the market. May Crude is trading at 68.13, down 0.49 in overnight trading.


Energies: Nymex is working to defend its dominance in the US energy markets. The ICE will introduce US Gasoline and Heating Oil futures next week and Nymex is petitioning Washington to intervene.