2309 GMT [Dow Jones] COMMODITIES SUMMARY: Crude fell back after failing to hold
above $66, tracking gasoline futures; June Nymex crude down $1.31 at $64.40/bbl
after touching $66.15, Brent off 65 cents at $67.00. Sell-off came ahead of
weekly EIA data Wednesday expected to show build in crude supplies. "We were
sort of expecting it after the recent rally," said Man Financial's John
Kilduff. "What we're seeing is some profit-taking after the recent run up. The
charts have been looking very toppy." RBOB gasoline shed 1.47 cents. June Comex
gold fell $6.20 to $677.30/oz, July silver 20.5 cents to $13.37 as longs exited
with oil lower; precious, base metals trade thin amid holidays.
July platinum +$2.50 at $1,300.90/oz, June palladium +15 cents at $374.15. Spot
gold down $3.70 at $674.55/oz.
Base metals staged late rally led by copper, zinc, tin on CTA buying, upbeat
U.S. ISM manufacturing data; 2nd day of national strike by Peru's National
Federation of Mining, Metallurgy and Steel Workers also helped.
Copper +$230, lead off $10, zinc +$104, aluminum down $14, nickel +$900, tin
+$225. (WJK)
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