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GRR 18.0¢

iron ore rallied $1.02 to $64.17

  1. ruby101

    1,247 Posts.

    IO Futures - March

    - On commodity markets, there are more signs of a supply response to the recent price crash. The rig count in the US showed that number of US rigs drilling for oil fell to the lowest levels since August 2011. This helped lift Nymex crude up 2.81% to $52.65 a barrel. Copper was at $2.60 a pound and gold climbed a little to $1,227.

    On the bulks, it is universal good news. March iron ore rallied $1.02 to $64.17 a tonne.

    March Newcastle coal was up 30 cents to $69.15.

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