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Archive for May 6th, 2008

Peru unions say ready for nationwide mining strike

Reuters, 11:22pm IST 06-May-2008
LIMA, May 6 (Reuters) - Unions at mines throughout Peru are ready to strike next week to demand better labor benefits, the head of the country’s biggest federation of mining unions and local union bosses said on Tuesday.
“We have 33 unions supporting us,” said Luis Castillo, the federation’s leader. “We will go […]

Commodity Prices - May 6, 2008

With oil prices at record levels we have moved it to the top of the leader board…
Oil WTI Cushing $ 121.60
Gold N.Y. Spot $ 0881.00
Silver N.Y. Spot $ 16.94
Lead LME Cash $ 1.1703
Copper LME Cash $ 3.9091
Zinc LME Cash […]

Oil prices surge to new record above $122

Futures driven up by fears about oil supplies, weaker U.S. dollar
Associated Press
NEW YORK - Oil futures blasted to a new record near $123 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to […]