FACTBOX: Commodities record highs

Thu Feb 21, 2008 8:22am EST
 
[-] Text [+]

(Reuters) - Gold and platinum roared to record highs on Thursday, as investors poured fresh money into commodities following record high oil prices and dollar weakness.

Oil surged to a record over $101 a barrel on a gush of hedge fund inflows and OPEC supply concerns, with traders weighing U.S. economic worries against expectations of further rate cuts.

Other commodities to hit record highs this week are Malaysian palm oil, U.S. soybeans, European gas oil, European gasoline barges, U.S. heating oil and U.S. RBOB gasoline.

The following is a list of record highs for commodities. All crude oil futures highs are taken from front month continuation charts.

PRODUCT HIGH DATE

OIL CLc1 $101.32 20 Feb

a barrel

GOLD XAU= $948.60 21 Feb

an ounce

PLATINUM $2,182 21 Feb

XPT= an ounce

Malay palm 3,708 ringgit 21 Feb

oil futures a tonne

KPOc3   Continued...

 

Featured Broker sponsored link