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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * U.S. crude oil down 4 pct, sharpest drop since June * Copper falls for first time in 5 sessions * Arabica coffee, raw sugar join slide as dollar rises * Gold stays near 11-month highs on safe-haven demand By Barani Krishnan NEW YORK, Oct 3 (Reuters) – Oil prices tumbled on Monday, with U.S. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15216"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15216\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* U.S. crude oil down 4 pct, sharpest drop since June\n * Copper falls for first time in 5 sessions\n * Arabica coffee, raw sugar join slide as dollar rises\n * Gold stays near 11-month highs on safe-haven demand\n\n\n By Barani Krishnan\n NEW YORK, Oct 3 (Reuters) - Oil prices tumbled on Monday,\nwith U.S. crude posting its largest drop in four months, after\nEuropean economic data pointed to a recession that could further\nhurt global demand for raw materials.\n Copper, arabica coffee and raw sugar -- markets that had\nrisen in the past two sessions -- joined the sell-off after a\nrally in the dollar made dollar-denominated commodities costlier\nfor holders of the euro and other currencies. [S OF\/L] \n Data out of China indicated a seventh quarter of economic\nslowdown in the world's No. 2 economy, adding to the pressure.\n Gold stayed near this week's 11-month high, as more\ninvestors turned to the precious metal viewed as a safe haven in\ntimes of economic and political trouble. [ GOL\/]\n \"Gold has certainly got a bit of spring in its step at the\nend of the summer break,\" said Ross Norman, chief executive at\ngold-broking firm Sharps Pixley. \"There is good physical buying\ncoming through and central bank buying is firm so the market\nwill support it.\"\n Futures of grain such as soybeans, wheat and corn also\nposted small gains, rebounding from early weakness.\n \"We were getting into some technically oversold territory\nand to see a spike in the buying activity is not uncommon,\" said\nKarl Setzer, a commodity trading adviser at MaxYield Cooperative\nin West Bend, Iowa, who follows the grain markets. [G RA\/]\n The Thomson Reuters-Jefferies CRB index settled\ndown 1.6 percent, its sharpest percentage decline since Sept.\n18. Twelve of the 19 markets tracked by the CRB were down. The\ngainers were led by nickel C MNI3, w hich rose 1.3 percent.\n \n OIL DOWN FOR 3RD DAY\n Crude oil fell 4 in New York and 3 percent in London as\neconomic data from Europe and China dimmed the outlook for fuel\ndemand and heightened concerns about Europe's festering debt\ncrisis.\n Dwindling new orders and faster layoffs marked a worsening\ndecline for euro zone companies last month, according to\nbusiness surveys that dented hopes the economy will return to\ngrowth before 2013.\n Purchasing managers indexes (PMIs) for the euro zone\nreleased on Wednesday strongly suggested the region had returned\nto recession in the third quarter. [ ID:nL9E8JU004]\n Highlighting the impact on oil consumption, retail sales in\nthe euro zone barely rose in August as European motorists cut\nspending on fuel during the normally busy summer driving months.\n \"There's little to be cheerful about,\" said Filip Petersson,\nanalyst at SEB in Stockholm.\n China's official PMI for the services sector also fell in\nSeptember from August as growth in the manufacturing industry\nstabilized at a slower pace.\n U.S. crude closed at $88.14 a barrel, down $3.75, or\n4 percent -- its sharpest one-day fall since June 21.\n London's benchmark Brent crude finished at $108.17,\ndown $3.40.\n Despite having fallen for three straight days, Brent crude\nremains about $20 a barrel higher from its lows in June, buoyed\nby worries about supplies from the Middle East. \n Investors were watching Iran, where riot police clashed with\ndemonstrators and arrested currency exchange dealers in the\ncapital Tehran over the collapse of the rial, which has lost a\nthird of its value against the dollar in a week, witnesses said.\n \n Markets also kept a nervous eye on tension between Iran and\nthe West and Israel over Tehran's nuclear program. \n \"The situation between Iran and Israel will keep the heat\nunder the (oil) market until the end of the year,\" Tony Nunan,\noil risk manager at Mitsubishi Corp in Tokyo, said. [ O\/R]\n \n COPPER SNAPS 4-DAY RUN-UP\n Copper ended four days of gains although losses in the\nindustrial metal were limited by better-than-expected private\nsector job growth in the United States in September. U.S.\nnonfarm payrolls data are due on Friday. [I D:nL1E8L33A5]\n Copper has risen 9 percent since the start of September to\ntouch a 4-1\/2-month peak of $8,422 a tonne on the London Metal\nExchange. The rally was fueled by promises of bond-buying by the\nU.S. Federal Reserve and European Central Bank and other\nstimulus measures in China and Japan.\n In Wednesday's session, LME's three-month copper \nsettled down nearly 1 percent at $8,260 a tonne. In New York,\ncopper futures for December delivery HGZ2 f inished down nearly\nhalf a percent at $3.7840 a lb. [M ET\/L]\n \n Prices at 3:21 p.m. EDT (1920 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 87.91 -3.97 -4.3% -11.0%\n Brent crude 107.82 -3.75 -3.4% 0.4%\n Natural gas 3.395 -0.136 -3.9% 13.6%\n \n US gold 1779.80 4.20 0.2% 13.6%\n Gold 1777.30 3.16 0.2% 13.7%\n US Copper 378.40 -1.70 -0.4% 10.1%\n LME Copper 8290.00 -35.50 -0.4% 9.1%\n Dollar 79.954 0.210 0.3% -0.3%\n \n \n US corn 757.50 -2.25 -0.3% 17.2%\n US soybeans 1532.25 -1.00 -0.1% 27.8%\n US wheat 884.00 1.00 0.1% 35.4%\n \n US Coffee 181.05 -2.60 -1.4% -20.7%\n US Cocoa 2416.00 -59.00 -2.4% 14.6%\n US Sugar 21.58 -0.01 0.0% -7.1%\n \n US silver 34.690 0.021 0.1% 24.3%\n US platinum 1692.10 6.90 0.4% 20.4%\n US palladium 657.90 3.70 0.6% 0.3%<\/pre>\n