News Summary: Wheat, energy and copper prices rise

AP News
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Posted: May 21, 2012 5:27 PM
News Summary: Wheat, energy and copper prices rise

WHEAT UP: Wheat futures rose 8.75 cents to settle at $7.04 a bushel. Investors have been concerned that hot weather in the U.S. and a drought in Russia could threaten this year's crops.

ENERGY BOOST: Prices for crude and other energy contracts rose on renewed optimism about the economy. Crude oil rose $1.09 to finish at $92.57 per barrel.

MIXED METALS: Gold and silver edged lower while other metals rose. June gold fell $3.20 to $1,588.70 an ounce. July gained 3.35 cents to $3.502 per pound.