
Commodities Wrap: Copper hits record on Gulf acid crunch

The ceasefire premium burned off as quickly as it arrived - Brent is back below US$103 per barrel, copper broke COMEX records on a Gulf acid crunch, and Westpac revised its oil call higher while gold slips on the inflation it helped create. The week's commodity moves split cleanly into two camps: those running hot because of the Middle East, and those running hot in spite of it. Oil and LNG














