Sugar Hits 7-Month Low, Metals Fall; Oil Rises On Tight Gasoline Supplies
Posted on March 10, 2010 at 19:59 PM EST
Commodities ended mostly lower Wednesday, with sugar hitting a seven-month low as investor worries over the economy persisted. Bucking the bearish tone, crude oil ended at an eight-week high after a surprising drop in gasoline stockpiles, while soybean futures rallied to their best level in a week after a tighter supply projection. Notwithstanding the jump in crude, analysts said commodities investors remained on edge over the world economy.