Reply To: Commodity Traders Outlook: Oil Futures Seventh Straight Weekly Rise, Gasoline Prices Wagging the Dog


Copper lower on weak China industrial production & declining investment.

LME Copper HG1 -1.2% at $8,189/metric ton, fourth straight daily decline, after hitting $8,163/ton, lowest since June 29.
Freeport McMoRan $FCX -2.1% pre-market

LME aluminum (LMAHDS03:COM) was little changed after touching its lowest since July 7 of $2,136.50/metric ton; the discount for near-term delivery compared with the three-month LME aluminum contract rose to its highest since the 2008 global financial crisis, indicating weak demand.

LME nickel slid to its lowest since July 2022 at $19,795/metric ton, and zinc touched its weakest level since June 6 at $2,305/to