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Thursday, June 01, 2006

Markets To Watch Today

Crude Oil: Crude Oil fell yesterday on encouraging words from the US Government aimed toward a diplomatic solution to Iran's nuclear ambitions. No official response has been received out of Iran. July Crude Oil is trading at $70.32, down 97 cents this morning.


Copper: Copper fell yesterday, as month-end long liquidations paired with a general weakness in the metals. The sell-off continued this morning, triggering sell stops and forcing a stoppage in trade, as the limit once again has been reached. July Copper is trading at 3.4240, limit down 20 cents this morning.


CBOT: The CBOT has announced an increase in fees for trade clearing and other specific transactions, to become effective July 1st. The announcement comes as the exchange prepares to introduce side-by-side electronic trading in the grains. The penny increase makes the clearing fee for all contracts 6 cents.