Oil price jumps above $80 and natural gas races higher, turbocharged by supply shortages

The continued rise in oil prices is leaving a number of other industrial commodities behind, a divergence reflecting bets that energy supply shortages will offset any slowdown in the global economy. U.S. crude rose more than 2% early Monday to a seven-year high of $81.50 a barrel, raising more than 120% since late October. If … Read more

Aluminum hits ten years high after Guinea coup threatens bauxite stocks

Aluminum prices rose to their highest level in 10 years on Monday after a military coup in mineral-rich Guinea threatened to disrupt the supply chain of the lightweight metal. As of noon ET, three-month aluminum futures contracts on the London Metal Exchange were up 1.3% to $2,768 per tonne, the highest level since early 2011. … Read more