Summary Box: Metals rise on positive economic data

AP News
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Posted: Feb 28, 2011 4:19 PM
Summary Box: Metals rise on positive economic data

RISE IN METALS: Metals used largely for manufacturing rose as new reports offered more signs of an improving U.S. economy.

CONSUMER INCOMES: The government said consumer incomes rose last month by the largest amount in nearly two years thanks in part to a tax cut. And an index measuring Chicago-area business hit the highest level since July 1988.

DIP IN OIL: Oil prices fell slightly as government and industry officials reported that Libya still is exporting at least some crude and that leader Moammar Gadhafi has lost control of many of the country's oil fields.