Rubber futures key contract in Tokyo commodity exchange climbed more than one percent from the lowest level in almost four months, lifted by a recovery in the price of crude oil.
U.S. crude oil futures climbed back above $115 a barrel, supported by dollar weakness. The dollar traded around 109.80 yen. Rising oil and gold are buying factors for rubber.
Tokyo Commodity Exchange:
Rubber for January 2009 delivery traded at 298 yen per kilogram, 1.8 yen up.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment