Metals, Energy Futures Fall; Crop Prices Rise

The price of oil and other major commodities are falling broadly, following the stock market lower as traders worry about global central banks pulling back on economic stimulus.

Benchmark oil for July delivery fell 39 cents to close at $95.38 a barrel in New York Tuesday. It dropped as low as $94.04 at one point.

Copper, palladium, and other metals also fell. Investors were rattled by a decline overnight in Japan, where the central bank governor disappointed markets by not promising new measures to shore up the nation's economy.

Copper for July delivery fell 4.6 cents, or 1.4 percent, to $3.195 a pound.

Gold for August delivery fell $9, or 0.6 percent, to $1,377 an ounce. Silver fell 27.9 cents, 1.3 percent, to $21.646 an ounce.

Crop prices rose.


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