Natural rubber futures in Tokyo commodity exchange gained the most in six weeks on Friday, to hit above 310 yen . Rubber has risen 3 percent this week, having slide 10% in the previous three weeks. Rubber futures fell to a near four-month low of 295.7 yen on Tuesday. Rubber price is lifted by higher crude oil and other commodity prices.
New York crude continued to trade above $121 a barrel, after rising 4.9 percent yesterday, the most since June 6. Oil rose to $121 in New York on speculation that Russian crude may be disrupted because of rising tensions with the U.S.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 309.7 yen per kilogram, 8.5 yen up.
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